Codelco crunch has no rapid solution in Chile
The state copper company faces rising debt and a squeeze on capital for its development needs
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- Loss of profitability
- Increased debt
- Short of cash
- Contribution to armed forces
- Transfer of profits
- Investment needs
- Chuquicamata
- Andina
- El Teniente
- Financing solutions
- Structural capitalisation
- Elimination of transfer to armed forces
- Use of armed forces fund
- Partial privatisation
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_350.jpg "A worker at a Codelco copper refinery (Reuters/Rodrigo Garrido)")