Codelco Inaugurates New Rajo Inca Project
Codelco has placed an investment of more than $1.3 billion for the construction phase, which is expected to be completed within 30 months. Its pit startup is scheduled for the first quarter of 2023. The company’s goal is to increase the annual production of fine copper from 60,000 to 90,000 metric tons (mt) per year.
The new Rajo Inca contains more than 796 million mt of ore reserves, with a competitive grade (0.59% average grade) during the first 10 years of operation. Codelco’s El Salvador Division, located in Chile’s third region, has a 61- year mining history.