Codelco Chairman Bernardo Fontaine said the Chilean state copper behemoth faces another difficult year for production, effectively ruling out a longstanding goal of returning to pre-pandemic output levels by the end of the decade. Under previous administrations, Codelco was consistently too optimistic on its production targets, with project setbacks eroding performance, Fontaine said in an interview with Radio Infinita. “For seven years, Codelco hasn’t met its projections — and this year is no exception,” he said Tuesday. “It will be a difficult year for production.” bloomberg.com/news/articles/…

Codelco Chairman Bernardo Fontaine said the Chilean state copper behemoth faces another difficult year for production, effectively ruling out a longstanding goal of returning to pre-pandemic output levels by the end of the decade. Under previous administrations, Codelco was consistently too optimistic on its production targets, with project setbacks eroding performance, Fontaine said in an interview with Radio Infinita. “For seven years, Codelco hasn’t met its projections — and this year is no exception,” he said Tuesday. “It will be a difficult year for production.” bloomberg.com/news/articles/…

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