CAPITAL MARKETS

Codelco approves smelter expansion

THE world's number one copper producer, Chile's state-owned Codelco, has approved a US$59 million plan to expand the Caletones smelter at its El Teniente mine to 435,000 tonnes a year by 2005.

Greg Tubby

Codelco approves smelter expansion

The mine, located in central Chile and one of five wholly owned by Codelco, produces 350,000tpa at present. The smelter expansion is part of a US$1.12 million investment at El Teniente to boost production...

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