Codelco explores new partnerships

Strategic plan: Pacheco at an interview at Cesco Week in Santiago. The Codelco chairman says the company is exploring partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt. — Bloomberg

SANTIAGO: Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt.

Chairman Maximo Pacheco said on Monday that he expected “some conclusions’’ this year from teams negotiating an operational tie-up between its Andina mine and Anglo American Plc-owned Los Bronces.