Salem Radio Network News Saturday, February 21, 2026

Business

Codelco and Rio Tinto ramp up efforts for ‘mining district’ in northern Chile

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SANTIAGO (Reuters) – Chilean copper producer Codelco and global miner Rio Tinto have agreed to a new collaboration aimed at speeding up development of a mining district around their shared Nuevo Cobre project in the Atacama region of northern Chile, Codelco said on Monday.

The agreement establishes a joint committee and shared funding for preliminary studies for an initial 12-month period, Codelco said in a statement.

(Reporting by Daina Beth Solomon and Fabian Cambero; Editing by Kylie Madry)

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