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TradingCharts

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Re: None

Monday, 01/29/2024 6:40:35 PM

Monday, January 29, 2024 6:40:35 PM

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Codelco pays heavy price for ramping up debt burden to fund over-budget projects
Bloomberg News | January 29, 2024

Codelco needs the money after embarking on a $40 billion spending program following decades of underinvestment. Making matters harder still, it gives 10% of its sales and 70% of its profit to the state, making it dependent on debt markets to finance expansion.


https://www.mining.com/web/codelco-pays-a-heavy-price-for-ramping-up-debt-burden-to-fund-over-budget-projects/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=codelco-pays-heavy-price-for-ramping-up-debt-burden-to-fund-overbudget-projects

IF THERE IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG

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