Pacheco: October Was Codelco’s Best Month


Codelco Chairman Maximo Pacheco addresses a seminar promoting investment in sustainable
and responsible value chains between the EU and Chile. (Photo: Codelco)
During October, the Corporacion Nacional del Cobre de Chile (Codelco), the world’s second largest copper producer, exceeded its monthly production target. “Codelco is deeply committed to recovering its production levels,” said Máximo Pacheco, chairman of the board for Codelco, during his presentation as a keynote speaker at a seminar that seeks to promote investments and innovation in sustainable and responsible value chains in critical matters between the European Union and Chile.

The news comes a week after the copper company’s results were released, in which it was announced that the company rebounded in Q3 2024, after exceeding the production of the same period of the previous year, and achieved a historic execution of its investment portfolio.

Pacheco was invited to speak at the opening of the event, in which he expanded on the opportunities for joint collaboration with the Old Continent. “The partnership opportunities are related to the sustainability challenges that will enable our promise to produce critical minerals responsibly: lower carbon footprint, lower water footprint, circular economy, development of the territory with social value and lower emissions of particulate matter,” he said. “There are also opportunities and we need to increase investment in exploration, improve our productivity, lower costs and strengthen our supply chain.”

As featured in Womp 2024 Vol 12 - www.womp-int.com