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LatinNews Daily - 02 July 2018

In brief: Chile

Chile: Chile’s finance ministry has announced that the Chilean government will inject an additional US$1bn into the country’s state-owned copper mining company, Codelco, from now until February 2019 in order to help maintain its position as market leader. Mining minister Baldo Prokurica told the press that the investment is vital in order to maintain production and deal with structural challenges facing the company. In 2017 Codelco accounted for 1.84m tonnes (t) of the total 5.5m t produced in the country.

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