Codelco Approves $1.38B Investment for New Pit at Salvador Division
The investment is 33% lower than previously contemplated by Codelco in 2014, thanks to the maximization and optimization of the existing infrastructure, especially in the mine and tailings deposit areas, and the overhaul of the processes of concentrator and hydrometallurgical plants, according to the company. Savings were also achieved through the reuse of mining equipment. Once in operation, Rajo Inca will require between 25 and 30 300-mt capacity trucks, hydraulic shovels and large-capacity wheel loaders. Most of the equipment will be coming from other Codelco divisions.