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Sovereign Wealth Funds Briefing - Categorized | Investment

Codelco could tap sovereign wealth fund for needed mine expansions

Posted on 15 April 2014

Chile’s state-owned copper producer Codelco needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines and deposits, and has not ruled out turning to its sovereign wealth fund to finance such investment, CEO Thomas Keller told Minería Chilena (in Spanish).
The company, which produces about 10% of the world’s copper supply, said that Chile’s sovereign wealth fund reached about US$23 billion by the end of February and that it wouldn’t be the first time Codelco has to make use of those funds………………………………………..Full Article: Source


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