Codelco is one heck of a Cash Cow for the Chilean Govt. Their problem is that 20% of their production is coming from aging mines with dwindling ore grades, with some of the mines themselves facing closure or conversion over the next decase. They're going to invest billions into ensuring they keep the production numbers up amid any necessary closures, as well as expanding other mines if feasible to do so. Like you said, they have to find their future in Chile. CDN Govt helping them along with a recent $300 billion credit loan. Codelco purchases a lot of mining equipment, technology and services from Canada. A Win-Win for both Countries.