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Agence France-PresseMarch 2, 2013 00:30
Chile's top copper producer to invest $5 bn this year
Chile's state-owned Codelco, the world's largest copper producer, said Friday it will invest $5 billion on existing and planned projects this year.
Of that amount, $2.89 billion will go toward extending the useful life of mines, Codelco said in a statement.
Codelco accounts for 11 percent of the world's copper supply.
Between Codelco and other privately held companies, Chile produces 5.6 million tons a year of copper -- a third of the world's output of the metal.
Last year, Chile's copper exports fell 9.4 percent.
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http://www.globalpost.com/dispatch/news/afp/130301/chiles-top-copper-producer-invest-5-bn-year
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