Codelco plans to inject almost $6bn into projects next year

Chile's Codelco is planning to invest nearly $6-billion next year in its pipeline of projects, about $1-billion more than the state-owned mining giant had previously estimated, its chairman Maximo Pacheco told Reuters on Monday.

Codelco is planning to spend about $4.7-billion this year in projects to upgrade its mines which include Chuquicamata and El Teniente mine with the world's largest underground copper deposit.