State-owned Codelco is seeking to raise up to $2.5 billion in bonds and loans by the end of 2012, Bloomberg reports. The copper producing company may sell over $1 billion in bonds. The borrowing will be used to finance about $4 billion in total investment next year and finance the spending on its mines in Chile. The firm will aim to invest a minimum of $20 billion in the decade to enhance annual production.
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