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March 2012

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"Codelco" is investing $ 4.3 billion in the copper production in 2012

"Codelco" a chilean state company that produces nearly one-third of the copper in the world and owns 11% of the world copper approximately. The company is investing more than $ 4.3 billion in this sector this year as future customer demand is expected to be at a high level. According to the forecasts of the company the production will reduce in 2012 to 1.7 million tons against last year's - 1.735 million of tons but after new projects are commissioned the productions rates should increase dramatically.

"Codelco" is planning long-term investments of approximately $ 17 billion in a few key projects that will enable it to increase production to 2.1 million tons and withstand the reduction of metal content in the ore. Strikes, bad weather conditions and power failures result as slow down effects. Read more.

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