Codelco Chairman: Four Difficult Years and a US$34 Billion Plan That Cannot Be Paid For

Chile · Mining Key Facts The warning. Codelco chairman Bernardo Fontaine told a mining conference in Santiago on Thursday the company faces “four difficult years” in production. The plan. The five-year investment programme is US$34 billion, and Fontaine says there is no possibility of financing it given the debt. The debt. Gross debt rose from…