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0.000426584762392263 0.000255950857435382 -8.53169524785011E-05 0.000426584762392263 -8.53169524785011E-05 0.00145038819213379 0.00110912038221991 0.000767852572306146
Stock impact report

Codelco explores public-private partnerships to increase finances and production [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
This move is aimed at addressing the challenges of increasing production, which has recently hit quarter-century lows, reported Reuters , citing Codelco CFO Alejandro Sanhueza. Sanhueza emphasised that these partnerships will become a "pillar of growth" for the company and enable the acceleration of value generation through additional resources. PPPs are seen as a key strategy for Codelco to diversify risk and attract external financing. “Our exploration partnerships allow us to attract external financing and capacity, enabling us to accelerate value generation with additional resources beyond those available to Codelco," Sanhueza was quoted as saying. Codelco's partnerships, including those with Rio Tinto and BHP for prospecting new copper mines, are part of a broader strategy to expand its production capabilities. The company also holds significant stakes in mines such as El Abra and Anglo American Sur, and has recently increased its stake in the Quebrada Blanca deposit. Show less Read more
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