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Codelco is planning to invest $2.2bn in the construction of the Ministro Hales copper mine in the northern Chilean region of Antofagasta. The company said the mine will produce 163,000t of fine copper a year. Production is expected to start in late 2013 and nearly 289 million ton
Codelco is planning to invest $2.2bn in the construction of the Ministro Hales copper mine in the northern Chilean region of Antofagasta.
The company said the mine will produce 163,000t of fine copper a year.
Production is expected to start in late 2013 and nearly 289 million tons of copper will be mined over a period of 14 years.
The mine has an estimated copper reserve of more than 1.3 billion tons, with an average copper ore grade of 0.96%, according to Reuters.
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