Codelco will increase the supply of copper to Japan

Chilean copper company Codelco additional supply to Japan, which suffered from the earthquake and tsunami, 10-20 tonnes of copper cathode. It is reported Yieh.Corp. This figure is approximately 1% of total annual production of red metal Codelco. Previously reported that Codelco will invest more than $ 16 billion in expansion in 2011-2015. This year, the corporation will invest 3.2 billion dollars, which is a record sum. Codelco increase investments in exploration and plans to begin exploration projects in Brazil and Ecuador. This year, the Chilean producer may take the market of 500-700 million dollars, but its debt should not exceed $ 9 billion to maintain investment grade rating. Codelco - the largest national producer of copper and molybdenum in Chile. Specializes in the production of refined copper cathodes. The company has mining units located in the northern and central parts of the country. Ministry of Industry