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Analysis

Going underground: Codelco’s $5bn plan to adapt the Chuquiacamata mine

Chile’s state-owned miner Codelco is investing $5.6bn into its vast Chuquiacamata mine to convert the century-old operation from an open pit mine to an underground project. While the transition is progressing ahead of schedule, concerns remain over the mine’s longevity, profitability and workforce satisfaction. JP Casey looks at the planned transition, and considers how effective it can be.

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