Anglo American’s $295 Million Copper Push Could Keep El Soldado Running Until 2045
Anglo American has put forward a $295 million proposal to Chile’s environmental review system aimed at keeping its El Soldado copper mine running through 2045. The mid-sized mine, operated by the London-listed group since 2002 in the Valparaíso region, would see new open-pit phases, the underground mine reopened, and expanded tailings infrastructure, according to Diario Financiero’s Thursday evening report. Timing is key here. Anglo is under pressure to show it can safeguard and grow its copper output, even as it sheds underperforming divisions and gets ready for a merger with Teck Resources—a tie-up the firms claim would vault them into the global copper top five. Of all the metals in Anglo’s new-look portfolio, copper stands out for investors. It’s essential
