Codelco Announces $4.1 Billion Investment Plan and Bond Offering
September 5, 2023
Chilean state-run mining company Codelco has disclosed its intention to invest $4.1 billion during the current year, according to a statement released on Tuesday. This significant investment is part of the company's strategy to advance various new projects.
To facilitate the financing of this year's capital expenditures, Codelco initiated a bond offering in New York earlier in the day. The offering includes 10-year and 30-year bonds, and the proceeds will contribute to the funding of these projects, as stated by the mining corporation.
