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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (47838)	11/20/2009 10:00:07 PM
From: LoneClone	Read Replies (1) \| Respond to of 195353

Codelco Plans Production Increase in 2018 20 November 2009 mining-technology.com Chile-based copper producer Codelco says it expects annual production to increase by 40% to 2.15 million tonnes in 2018 following $9.7bn investments in mine expansion and upgrade. The 2.15 million tonnes figure also includes Codelco's shares in the El Abra mine, according to Reuters. Codelco's deputy chief of corporate investment Fernando Vivanco says the investment plan will expand output as upgrades to Chuquicamata, El Teniente, Ministro Hales and Andina mines will counterbalance losses from old mines. The state-run mining company has unveiled the new plans with hopes to increase production, which has been declining for years due to old mines and lower ore grades. In 2008, Codelco generated 1.54 million tonnes of copper.