Chile taps new chair for copper miner Codelco amid production, debt concerns
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Chile's government appointed Bernardo Fontaine as the new chairman of Codelco, the world's largest copper producer, amid concerns over the company's debt, budget overruns, and production challenges. Fontaine's term begins on May 26, replacing Maximo Pacheco. The new board members, Luz Granier and Alejandro Canut, will lead an investigation into recent production issues, including allegations of improper reporting of copper production figures. Codelco aims to recover production levels to meet a target of 1.7 million tons by 2030 after recent lows.
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