Codelco boss says productivity key to future Chile copper investment

Chile’s state copper company Codelco aims to generate an additional US$1 billion per year in profits through efficiency and productivity improvements to ensure it has the resource available to execute $35 billion in structural investments over the next decade, executive president Octario Araneda said during the 2021 CRU World Copper Conference.

Codelco boss says productivity key to future Chile copper investment Codelco boss says productivity key to future Chile copper investment Codelco boss says productivity key to future Chile copper investment Codelco boss says productivity key to future Chile copper investment Codelco boss says productivity key to future Chile copper investment

Codelco's Octavio Araneda talks investment

Observing that the return on capital employed in the copper sector had fallen to single digits since 2012, Araneda said the challenge the company faced went beyond building capacity to reducing cost