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Codelco submits US$55M plan to extend Salvador operations through 2021

Codelco submitted to environmental regulators a US$55 million project to extend through 2021 operations at its Salvador copper mine in Chile, Reuters reported Oct. 1.

Codelco is looking to curb costs at Salvador, its smallest and most expensive deposit, to ensure production remains viable at a time of low copper prices.

The project will use the existing installations and maintain the plant's sulfide and oxide processing rates of 32,000 tonnes per day and 25,000 tonnes per day, respectively, the report said, citing a statement by Codelco.