well, it won't be coming from Codelco. It is $US18b in debt and going backwards. Its copper reserves are dwindling and revenue falling. The Govt has a debt of 36% of GDP which is not that bad, but their GDP is tiny compared to Australia. ($US317b 2022 compared to $US1.7trillion for Aus)
So, I'd like to know who would make a takeover bid before the Chilean Govt gets out of its own way and approves the project.
Codelco wants the whole of the Maricunga for nothing. It's fighting for its business life and unfortunately has picked on LPI and SIMCO to save it.
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- The Ministry of Mining accepted application from CODELCO to extend CEOL
The Ministry of Mining accepted application from CODELCO to extend CEOL, page-168
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