BusinessCodelco Investigates Possible Overstated Copper Production in 2024-25
Codelco is investigating evidence that copper production may have been double counted in 2024 and 2025, potentially inflating output figures from its Ministro Hales and Salvador mines. The Chilean state miner has reported the findings to prosecutors and hired Ernst & Young to assess the scale, financial impact, and responsibility. CEO Jorge Gomez emphasized thorough investigation and sanctions if needed. This probe comes amid challenges to recover production and global copper market pressures.
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