Chile's Codelco says it will wait to evaluate financing for El Abra expansion-March 2024-www.financetom.com

Chile's Codelco says it will wait to evaluate financing for El Abra expansion

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Chile's Codelco says it will wait to evaluate financing for El Abra expansion

Jul 24, 2024 11:47 AM

SANTIAGO, July 24 (Reuters) - Chile's state-run copper

firm Codelco will await feasibility studies about expanding the

El Abra mine before evaluating a financing strategy for the

joint owned project, Codelco Chairman Maximo Pacheco said on

Wednesday.

U.S. miner Freeport McMoran ( FCX ), which owns 51% of the

mine, plans to invest around $7.5 billion to expand.

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