Chile's mining minister Santiago González inaugurated Monday (Aug 11) expansions at the Chañaral plant of state-owned copper producer Enami in region III, according to a statement by the ministry.
Following US$10.5mn in expansions, the Chañaral plant can produce up to 800t/m in copper cathode, according to the ministry.
Enami's role as a state company is to buy and process copper ore from miners too small to produce their own cathodes or concentrate as a way to support Chile's small and midsize mining sectors.
The company has suffered from overstock for some time with limited amount of processing capacity compared to its stockpiles.
The expansions to the Chañaral plant will aid the company is reducing its overstocked ore.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: August 13, 2008
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