Aiming to make up for decades of underinvestment, Chile plans to pour billions into state-owned...

|By:, SA News Editor

Aiming to make up for decades of underinvestment, Chile plans to pour billions into state-owned Codelco's giant Chuquicamata copper mine to crank production higher. Fund manager Walter Hellwig isn't buying it. "(Codelco) exists to provide cash flow to the government...  all too frequently, that is at the expense of the business."