Anglo Signs Copper Mine Development Pact With Chile’s Codelco

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Anglo Signs Copper Mine Development Pact With Chile’s Codelco

Anglo American Plc has signed a pact with Chile’s state copper company Codelco to jointly develop their adjacent mines near Santiago in a bid to boost production without major investments.

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As soon as Thursday, Codelco and Anglo American would announce a long-awaited agreement for the joint exploitation of two of their most important copper mining assets: the Andean division of the Chilean state corporation and Los Bronzes, controlled by the Anglo-African transnational, which are neighbours because they share the same mining district in the central area of the Andes Cordillera.Sources familiar with the negotiations said that commun…

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Anglo American global leader Duncan Wanblad said that “copper is at the forefront of our growth ambitions”

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Anglo American signs $5bn deal with Codelco for Chilean copper mines

Anglo American has entered MoU with Codelco, for a joint mine plan to optimise operations between Los Bronces and Andina in Chile.The post Anglo American signs $5bn deal with Codelco for Chilean copper mines appeared first on Mining Technology.

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The companies announced an alliance to carry out a Joint Mining Plan that would increase the production of the district by about 120,000 tons of annual average fine copper, between 2030 and 2051.

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Codelco and Anglo American announced today the signing of a Memorandum of Understanding (MOU), to work in an alliance that allows them to enhance the development of the Andean mining district-Los Bronzes, through the execution of