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LatinNews Regional Monitor: Brazil & Southern Cone - 03 May 2019

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In brief: Chile

* Chile’s state-owned copper mining firm, Codelco, has announced that it has successfully produced ore through underground operations in the Chuquicamata mine (Antofagasta Region). Codelco invested US$5.6bn in converting the decades-old mine from an open pit to an underground pit. Construction has occurred over the past 18 months and progress is running about two months ahead of schedule. An ore transportation system should be completed in the second half of 2019. Once completed, this transition should extend Chuquicamata’s life by at least 40 years.