Skip to main content

Codelco continues copper mine upgrade scheme

Published by , Editor
Global Mining Review,

According to a recent Reuters report, Chile’s Codelco, the world’s largest copper producer, will soon break ground on a US$1.4 billion project to extend the life of its Salvador division through 2068.

The aim of the Rajo Inca project will be to convert the company’s Salvador operation from an underground mine to an open-pit format. These plans will require Codelco to first strip away rock covering the mineral deposits.

The company has told Reuters that it will begin work in the next few weeks, and that production of 90 000 t is being targeted for 1H23.

The Rajo Inca project is being launched as Codelco is in the midst of a 10-year, US$40 billion scheme to upgrade its aging mines. These mines, while sprawling, have lately taken a hit in production as a result of declining ore grades.

Having been in operation since 1959, Salvador has the lowest productivity of any of Codelco’s copper deposits – accounting for less than 3% of its total output in 2020 (50 600 t).

Read the article online at:

You might also like


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Copper mining news


Global Mining Review is not responsible for the content of external internet sites.