Leading Chile Candidate to Scrutinize Codelco as Debt Mounts

The smelting area of a Codelco processing facility in Machali, Chile.

Photographer: Cristobal Olivares/Bloomberg

The candidate most likelyBloomberg Terminal to be Chile’s next president would do a thorough review of struggling state copper behemoth Codelco to determine what’s needed to ensure its financial viability.

While handing over control of Codelco isn’t on the table, engaging in more partnerships with private groups offers a way to ease its financial burden, said an economic adviser to right-wing candidate José Antonio Kast.