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Codelco's logo is seen at the entrance of its Ventanas copper smelter in Ventanas, Chile October 18, 2019. REUTERS/Rodrigo Garrido/File Photo Acquire Licensing RightsSANTIAGO, Sept 5 (Reuters) - Chile's Codelco raised $2 billion in a bond offering in New York on Tuesday, as the world's top copper producer seeks to fund an investment drive to revive flagging output. "This financing seeks to ensure the availability of resources for the development of a demanding portfolio of investments that for this year will need a total of $4.1 billion," Codelco said in a statement. It said the firm would need to lift its investments to about $4 billion from $3.3 billion to boost its "structural projects." Codelco's production slipped last year to about 1.45 million metric tons, the lowest in around a quarter of a century, and output has slipped further this year with the miner expecting to produce between 1.31 million to 1.35 million metric tons of copper.
Persons: Rodrigo Garrido, Codelco, Moody's, Fabian Cambero, Kylie Madry, Steven Grattan, Emelia, Jonathan Oatis Organizations: REUTERS, Rights, Treasury, BNP, Citi, J.P, Santander, Scotiabank, Thomson Locations: Ventanas, Chile, New York, Morgan
Chile fires hit port and coastal city, two dead
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: +2 min
[1/4] Residents pick up debris amid the remains of a burned house during a wildfire in Vina del Mar, Chile December 22, 2022. Meanwhile, a separate forest fire south of Ventanas near the coastal tourist city of Viña del Mar raged, killing at least two people while destroying some 200 homes, according to an interior ministry official. The government also declared a state of emergency in the Viña del Mar area on Thursday night. Codelco's smelter near the Ventanas port was already shut down due to maintenance, while the refinery is operating normally, according to Codelco, the world's top copper producer. No injuries were reported from the port fire, the company that administers the port said in a statement earlier on Thursday.
Chile's Copec buys last-mile firm Blue Express for $225 million
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterCopec fuel storage tanks are seen in Ventanas, Chile September 1, 2018. REUTERS/Rodrigo Garrido/File PhotoSANTIAGO, Sept 26 (Reuters) - Chile's Empresas Copec (COPEC.SN) has entered the customer delivery services business by acquiring last-mile logistics firm Blue Express for about $225 million, the country's largest industrial group said on Monday. Copec subsidiaries signed an agreement with Private Investment Fund BX and Blue Express to purchase 100% of Blue Express' shares, Copec said in a filing to Chile's regulator. Register now for FREE unlimited access to Reuters.com RegisterBlue Express did not immediately respond to a request for comment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Natalia Ramos; Writing by Kylie Madry; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
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