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Chile’s state-run copper miner Codelco must focus on boosting its production, but it has a global prestige that would not be tarnished if it cedes its role as Chile’s top producer to rival BHP Mining Minister Aurora Williams said on Thursday.
Codelco produced 1.42 million metric tons of copper in 2023, while the mines in Chile operated by Australian miner BHP, including Escondida, the world’s biggest copper mine that it co-owns with Rio Tinto and Japan’s JECO Corp, produced 1.39 million tons.“I don’t think that just one element – production – could at some point detract from Codelco’s prestige,” Williams told Reuters in an interview, when asked about the potential fallout of Codelco being displaced by BHP.
“This is more than a competition. It’s about producing responsibly and developing the mining sector,” she said.
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