Chile to inject 1 bln USD into state mining company

Source: Xinhua| 2018-06-30 11:21:28|Editor: mmm
Video PlayerClose

SANTIAGO, June 29 (Xinhua) -- The Chilean government announced on Friday that it will inject one billion U.S. dollars into the state-owned mining company National Copper Corporation of Chile (CODELCO).

The investment is intended to help strengthen the company, one of the largest copper producers in the world, amid a steep drop in the international price of the metal.

Chilean Finance Minister Felipe Larrain said the government had come to the decision after analyzing the company's position.

"This is a show of support for CODELCO's ambitious investment program, without which it is impossible to see the company as a leader. What we want is for CODELCO to continue developing," said Larrain.

Copper is Chile's principal export product and the production in 2017 generated more than 2.86 billion U.S. dollars, a six fold increase on the 2016 figure, as the metal maintained its high international price in the second half of last year.

However, in a reflection of the volatility of international markets, copper closed on a loss at the London Metal Exchange on Friday, representing five straight days of losses.

Copper traded at 3.014 dollars per pound on Friday, in comparison to 3.016 on Thursday and 3.033 on Wednesday.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001372916081
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲一区二区三区国产四区 | 日本特黄特黄刺激大片免费 | 亚洲日本香蕉电视频 | 亚洲色影在线网站 | 亚州十八禁免费不卡在线视颖 | 亚国产亚洲亚洲精品视频 |