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Bankers claim that India's JSW Group companies plan to sell $300 million in debt.
Two JSW Group companies will raise around 28.5 billion rupees (about $298 million) in shorter-term bonds during the quarter of October-December, according to a few bankers. JSW Energy will raise 15 billion rupees via bonds with a maximum of five years, and JSW Steel can raise 13.5 billion rupees by borrowing for three or four years, according to bankers who requested anonymity because they were not authorized to speak to media. According to the bankers, if interest rates are favorable in October, then companies could tap into the market. Emails sent to the firms seeking comments were not answered. India Ratings has rated the bonds of JSW Energy as "AA". Around 25 billion rupees worth of bonds are outstanding. In March 2025, the company that has thermal, renewable and hydro power operations raised 8 billion rupees by issuing bonds for three and five years at rates of 8.75% and 8,80%. The AA-rated instruments can be considered safe when it comes to meeting their financial obligations. JSW Steel is rated "AA+" with outstanding bonds of over 61 billion rupees by ICRA and Indian Ratings. The company last used the bond market two years ago when it raised 22.5 billion rupees by issuing 'five-year' and'seven-year-papers at 8.35% & 8.43% respectively.
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Oil prices drop as tech lifts share market in Asia
On Monday, Asian share markets rose as AI's demand for data boosted?chipmakers. Oil prices also eased after reports that more oil was leaving the Gulf than originally thought. The dollar was flat at 157.00yen on Wednesday as Japan celebrated its Silver Week holiday. Investors were 'wary' in case the Bank of Japan used the lack of liquidity to support its currency. Nikkei reported that the yen rose on Friday, after Japanese authorities checked the rate of the currency market. South Korea's technology-heavy index rose 1.4% while Taiwan rose to a new three-month-high of 1%. MSCI's broadest Asia-Pacific share index outside Japan gained 0.9% and Chinese blue chip stocks gained 0.2%. Japan's Nikkei closed, but futures rose by 0.2%. S&P futures rose 0.4% while Nasdaq added 0.6%. In Europe, EUROSTOXX50 futures increased by 0.5%. DAX futures grew by 0.4%, and FTSE futures gained 0.2%. The bond markets remain tense following a brutal selloff that saw US 2-year yields rise 36 basis points over the past two week to peaks not seen since late 2024, at 4.7604%. The Federal Reserve's hawkish comments last week have futures betting on a 56% probability that it will raise rates again in October. A move by the end of the year is considered to be a done deal. Analysts at BofA wrote in a report that tightening cycles tend to be front-loaded and the Fed rarely stops after a single hike. "With nominal consumer expenditure up 6.3% over the past year, which is well above the 5% threshold historically associated with core inflation above target, the Fed's only option is to reduce demand." "We are therefore retaining our call for only two more hikes in October and December." Talk of an increased supply hits oil By the end of the year, central banks in Australia, New Zealand, Japan, Australia, and EU countries are expected to tighten their monetary policy. On Thursday, the Swiss National Bank, Sweden's Riksbank, and Norges Bank will hold their policy meetings. However, all three are expected to remain stable for the time being. The risk premium for French bonds has also risen to its highest level since the eurozone debt crisis. German debt could be under pressure on Monday, after the conservative mainstream party of Chancellor Friedrich Merz suffered its worst electoral results since 1949. The news held the euro steady at $1.1477 after it had fallen almost 1% in the previous week, as the dollar rose broadly. The oil prices fell despite the new threats exchanged between Iran and the United States and after the Houthis attack Saudi Arabia's capital. Brent oil prices fell by 1.7%, to $102,08 per barrel. US crude oil dropped 1.8%, to $98.53. Kpler, an analytics firm, reported that exports of the OPEC kingpin have recovered to just under 4 million barrels a day (bpd), after falling to 2.4 millions bpd last month. This is the lowest level since at least 2013. On the weekend, Admiral Brad Cooper of the U.S. Central Command said that the volume of crude, cargo and liquefied gas was higher in the last two weeks than at any other time in the previous six months. Saudi Arabia also reported that it hoped to restart some flow through its east-to-west main pipeline following the damage caused by attacks last week. However, details were lacking, and analysts harbored doubts. Vivek Dhar is the head of commodities for CBA. He said that the closure of the East-West?pipeline had materially changed the state of oil markets. We now estimate oil markets have 5 to 10 weeks until global oil and refined products inventories are depleted, compared with estimates closer to 15 or 20 weeks a few weeks ago. He said that this would put more pressure on Washington to reach a deal with Iran to 'boost the flow through the Strait of Hormuz, and to keep the 'Bab el-Mandeb Passage open. US President Donald Trump is attending the United Nations General Assembly in this week. He will then meet with Chinese President Xi Jinping, on Thursday. US Treasury Secretary Scott Bessent, and Chinese Vice Premier He Lifeng completed talks in New York Sunday. The US side proposed a new AI notification mechanism that the leaders will consider during their summit. Gold, which does not pay interest, was down 0.5% to $4,355 per ounce on other markets due to the increase in yields.
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Depending on who you speak to, more oil is flowing in Europe.
Wayne Cole gives us a look at what the future holds for European and global markets. The week has started off with a positive note in Asia, thanks to a drop in oil prices and reports, often contradictory, of an increased supply from the Middle East. Brent started higher after the Houthis attack the capital of Saudi Arabia?overnight, but quickly slipped by 2% as the Kingdom hoped to restore some flow through its East-West pipe. Admiral Brad Cooper of the US Central Command said on the weekend that the volume of crude, cargo and liquefied gas shipped in the last two weeks had been higher than any other time in the previous six months. The US military was escorting ships, but they were running through the Strait of Hormuz without their transponders on. This made it difficult to confirm Cooper's estimate. Just 12 cargo vessels, for example, transited Strait of Hormuz between Saturday and Sunday. This is down from 35 during the previous weekend. Kpler figures show that exports of the OPEC kingpin have recovered to just under 4 million barrels a day (bpd), after falling to 2.4 millions bpd last August, which was the lowest level since at least 2013. JPMorgan analysts said that satellite data showed Saudi oil flowing through the Strait of Hormuz on average 2.9 million barrels per day over the last six days. This is up from 700,000 barrels per day in August. Oil prices dropped, which helped boost most stock markets. However, liquidity was low as Japan was on a 3-day holiday. South Korea's tech sector rose more than 1%. Nasdaq and S&P futures both gained 0.6%. The euro was also'steady' at $1.1484, while the dollar drifted under 157.00 yen amid concerns that the Bank of Japan might?take advantage of a?lack in liquidity to intervene and support its currency. The euro was also stable at $1.1484, and the dollar drifted below 157.00 yen due to concerns that the Bank of Japan would 'take advantage of a lack of liquidity in order to support its currency. The Nikkei reported that the yen rose on Friday, after Japanese authorities checked the rate of the currency market. The week ahead will be a busy one for diplomacy, with US President 'Donald Trump' attending the United Nations General Assembly and meeting Chinese President Xi Jinping Thursday. Treasury Secretary Scott Bessent,?Chinese vice premier He Lifeng and the US concluded their talks in New York on Sunday. The US side proposed a new AI notification mechanism. Market developments on Monday that may have a significant impact - Appearances of ECB President Christine Lagarde and ECB Board Member Piero Cipollone. Bank of Canada Governor Tiff MacKlem, and Federal Reserve Bank of Chicago president Austan Goolsbee.
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Copper prices rise as Fed raises interest rates clears the uncertainty
Prices of copper rose on Monday as the US Federal Reserve raised interest rates last week, removing months-long uncertainty about rates. Meanwhile, optimism remained over strong China demand. Benchmark three-month Copper on the?London Metal Exchange rose 0.06% to $14,530.5 per metric tonne by 0300 GMT. The price had hit $14,600.50 per ton earlier, its highest level since September 10 when it reached a high of $14,875. The most traded copper contract at the Shanghai Futures Exchange? edged up 0.37% to 109.940 yuan (16,419.49 dollars) per ton. Analysts from Chinese broker Everbright Futures stated in a Monday note that the Fed's hike had removed the largest?near term uncertainty? in the copper markets, but extreme mine-side shortages and ultra-low Chinese?inventory levels still formed a base. Copper, a commodity that is dependent on growth to grow, can be negatively affected by higher?interest rates. Prices are supported by strong demand from China. Yangshan copper Last week, the price of copper in China, which is a measure of demand, reached $124 per ton. This was its highest level in almost four years. Everbright Futures analysts also cited the expectation of inventory replenishment in advance of National Day next week as a price support. Oil prices fell to their lowest level in more than a week even after US and Iran exchanged threats on Sunday, amid a deadlock. US President Donald Trump has said that he is open to meeting Masoud Pezeshkian who will be in New York this week. Copper prices have been affected by the war, which has threatened to slow down global economic growth. Aluminium fell 0.27% on the LME, while zinc rose 0.52%. Lead gained 0.21% and nickel gained 0.64%. Tin ticked up 0.05%. Aluminium lost 0.57% on the SHFE. Zinc gained 0.7%. Lead gained 0.61%. Nickel dipped by 0.1%. Tin gained 0.88%.
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Bangladesh increases fuel prices up to 17% in response to global oil price spike
The government of Bangladesh raised fuel prices up to 17.4% in order to stem the mounting losses resulting from the global oil price surge and the higher shipping costs associated with the Middle East conflict. The new rates are effective Monday and are expected to increase transportation and production costs in the import-dependent economies, increasing inflationary pressures during a time when many industries, such as the key garment export sector of the country, are already "fighting with an acute energy shortage". According to the Energy Ministry, international fuel prices have more than doubled from March 2026. Freight charges are also up significantly due to regional instability. Diesel prices increased 17.4% under the new rates to?135 Taka per litre, up from?115 Taka. The price of octane gas increased from 145 to 165 Taka per litre. Petrol rose from 140 to 160 Taka, and kerosene from 135 to 155 Taka. The government raised fuel prices in April and June to offset the rising costs of imports due to higher global oil prices. The ministry stated that state-owned Bangladesh Petroleum Corporation suffered losses of 228.76 billion takas ($1.9 billion) from March to August. It said the price increase could reduce annual 'losses' by 100 billion takas, while conserving foreign exchange reserves and curbing fuel theft into neighbouring countries with higher prices. The ministry also cited substantial subsides for?liquefied gas, saying that the?government continued to support the supply of electricity and gas despite increased import costs resulting from the regional energy crises.
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As oil prices fall, tech shares rise in Asia
As AI's demand for data grew, chipmakers saw their share prices rise. Oil also eased as reports suggested that more oil is leaving the Middle East than was previously believed despite the ongoing Gulf conflict. The dollar was trading at 156.67yen, despite the fact that Japan is on holiday for Silver Week. Investors were wary of the possibility that the Bank of Japan would use the lack of liquidity as an opportunity to support its currency. Nikkei reported that the yen rose on Friday, after Japanese authorities checked the rate of the currency market. South Korea's technology-heavy index rose 1.5%. MSCI's broadest Asia-Pacific share index outside Japan gained 0.8% and Chinese blue chip stocks gained 0.6%. S&P futures rose 0.4% while Nasdaq added 0.6%. EUROSTOXX Futures and DAX Futures both increased 0.4% in Europe. FTSE Futures rose?0.2%. The bond markets remain tense following a brutal sell-off that saw US 2-year yields rise 36 basis points over the past two week to peaks not seen since mid-2024, at 4.7604%. The Federal Reserve's hawkish comments last week have futures betting on a 56% probability that it will raise rates again in October. A move by the end of the year is considered to be a done deal. Analysts at BofA wrote in a report that tightening cycles tend to be front-loaded and the Fed "almost never stops after a hike." "With nominal consumer expenditure up 6.3% over the past year, which is well above the 5% threshold historically associated with core inflation above target, the Fed's only option is to reduce demand." "We?retain our call for only two more hikes in October and December." Talk of an increased supply hits oil The central banks of the EU, UK and Japan are also expected to tighten up by the end of this year. The Swiss National Bank, Sweden’s Riksbank, and Norges Bank all hold policy meetings Thursday but are expected to remain steady. The risk premium for French bonds has also risen to its highest level since the eurozone debt crisis. German debt could be under pressure on Monday, after the conservative mainstream party of Chancellor Friedrich Merz suffered its worst electoral results since 1949. The news held the euro steady at $1.1480 after it had fallen almost 1% in the previous week, as the dollar rose broadly. Prices of oil eased despite the fact that Iran and the United States were exchanging new threats, and Saudi Arabia's capital was attacked by the Houthis. Brent oil prices fell by 2.1%?to $101.63 per barrel while US crude prices dropped by 2.1% to $98.15. Kpler, an analytics firm, reported that exports of the OPEC kingpin have recovered to a little over 4 million barrels a day (bpd), so far in September. In August they had fallen to 2.4 millions bpd, the lowest level since at least 2013. Admiral Brad Cooper, the head of the U.S. Central Command said on the weekend that the volume of crude, cargo and liquefied gas was higher in the last two weeks than it had been at any point in the previous six months. Saudi Arabia also reportedly aimed to restart some flow through its east-to-west main pipeline following the damage caused by attacks last week. However, details were not provided. Vivek Dhar is the head of commodities for CBA. He said that the closure of the East-West?pipeline had materially changed the state of oil markets. We now estimate oil markets will have between?5 and 10 weeks left before global oil and refinery product inventories are depleted, as opposed to estimates that were closer to 15 or 20 weeks a few weeks ago. He said that this would put more pressure on Washington to reach a deal with Iran at the very least?to increase flows through the Strait of Hormuz, and keep the 'Bab el-Mandeb Passage open. US President Donald Trump is attending the United Nations General Assembly in this week. He will then meet with Chinese President Xi Jinping, on Thursday. US Treasury Secretary Scott Bessent, and Chinese Vice Premier He Lifeng completed talks in New York Sunday. The US side proposed a new AI notification mechanism that the leaders will consider during their summit. Gold, which does not pay interest, was flat at $4.380 per ounce, despite the increase in yields.
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Bangladesh increases fuel prices up to 17% in response to global oil price spike
The government of Bangladesh is trying to stem mounting losses due to rising oil prices in the world and increased shipping costs associated with the Middle East conflict. New rates that will be effective on Monday are expected to increase transportation and production costs in the import-dependent economies, increasing inflationary pressures during a time when industries such as the key garment export sector of the country are already struggling with an acute energy shortage. The Energy Ministry reported that international fuel prices have?more than doublated since March 2026. Freight charges, meanwhile, have risen dramatically due to regional instability. Diesel prices increased 17.4% under the new rates to 135 taka/litre from 115?taka. The price of octane gas increased from 145 to 165 per litre, petrol to 160 from 140, and kerosene to 155 from 135 per litre. The government raised fuel prices in April and June to offset the rising costs of imports due to higher global oil prices. The ministry stated that state-owned Bangladesh Petroleum Corporation suffered losses of 228.76 billion takas ($1.9 billion) from March to August. It said the price increase could reduce annual losses by about 100 billion takas, while conserving foreign exchange reserves and curbing fuel theft into neighbouring countries with higher prices. The ministry also cited substantial subsides for?liquefied gas, stating that the?government continued to support the supply of electricity and gas despite increased import costs resulting from the regional energy crises.
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Oil shares decline in Asia as tech shares rise
On?Monday, Asian share markets rose as AI's demand for data boosted chipmakers. Oil eased on hopes that Saudi Arabia would boost its supply to offset news of the Houthi attack in?Riyadh. The Silver Week holiday in Japan has been a slow one, with little trade. As a result, the dollar remained at 157.00yen on Wednesday. Investors were wary that the Bank of Japan might take advantage of this lack of liquidity and intervene to support its currency. Nikkei reported that the yen rose on Friday, after Japanese authorities checked the rate of the currency market. South Korea's technology-heavy index, the South Korea Tech-heavy Index, gained 1.1%. MSCI's broadest Asia-Pacific share index outside Japan increased by 0.3%. S&P futures rose 0.3% while Nasdaq futures gained 0.4%. EUROSTOXX Futures and DAX Futures both increased by 0.2% in Europe. FTSE Futures were flat. The bond markets remain tense following a brutal selloff that saw the yields on US 2-year bonds jump 36 basis points over the past two week to peaks not seen since late 2024, at 4.7604%. Futures markets are betting on the Federal Reserve's recent hawkish comments. They believe that it is likely to raise rates again in October. A move by the end of the year would be considered inevitable. Analysts at BofA wrote in a report that tightening cycles tend to be front-loaded and the Fed doesn't stop after a single?hike. "With nominal consumer expenditure up 6.3% over the past year, which is well above the 5% threshold historically associated with above-target core prices, the Fed's only choice is to reduce demand." "We are therefore retaining our request for only two additional hikes in December and October." OIL RESERVES RUN DRY By the end of the year, central banks in Australia, New Zealand, Japan, EU and UK are expected to tighten up again. On Thursday, the Swiss National Bank, Sweden’s Riksbank, and Norges Bank will hold policy meetings, but are expected to remain steady. The risk premium for French bonds has also risen to its highest level since the eurozone debt crisis. The German debt could be under pressure on Monday, after the conservative mainstream party of Chancellor Friedrich Merz suffered its worst electoral results since 1949. The news held the euro steady at $1.1477 after it had fallen almost 1% in the previous week, as the dollar rose broadly. The oil price remained above $100 after Iran and the United States traded new threats, and the Houthis attack Saudi Arabia's capital. Brent oil was down 0.2% to $103.68 per barrel while US crude fell 0.3% to $100.02. Saudi Arabia is said to be aiming to restart certain flows in its east-to-west main pipeline, which was damaged by an attack last week. Details?were missing. Vivek Dhar is the head of commodities for CBA. He said that the closure of the East-West Pipeline has changed the state of oil markets. We now estimate oil markets will have between 5 and 10 weeks left before global oil and refinery product inventories are depleted, as opposed to estimates that were closer to 15 or 20 weeks a fortnight earlier. He added that this would put more pressure on Washington to?make a deal? with Iran. At least, he said, it would restore some 'flows? through the Strait of Hormuz, and keep the Bab el-Mandeb open. US President Donald Trump is attending the United Nations General Assembly in this week. He will also meet with Chinese President Xi Jinping Thursday. Gold, which does not pay interest, fell 0.2%, to $4,370 per ounce, as a result of the increase in yields.
Inside a copper output plunge at No. 1 international manufacturer Codelco
Below the world's. largest openpit copper mine in Chile lies a tunnel complex. filled with dust so thick that machines regularly break down. and employees can't run without spacesuitlike helmets.
Conveyer belts often have and stall caused a minimum of one. fire. Building mistakes have led to collapses and two large. electromagnets designed to clear harmful items haven't been. practical in four years.
This, according to over a dozen employees spoken with by. , is the scenario at Chuquicamata Subterranea (PMCHS), a. $ 5 billion dollar flagship task of Chile's state copper miner. Coldelco that was meant to change the open-pit mine into an. underground operation.
Codelco Chairman Maximo Pacheco, asked about the. workers' problems, did not dispute their accounts and said the. business had gained from its past errors.
PMCHS is one of 4 mega jobs Codelco has actually launched,. called structural projects, created to extend the life of its. essential mines and compensate for a drop in ore grades.
As the world races towards cleaner energy, need for copper. - used as a conductor in whatever from wind farms to solar. panels - is increasing. The average electric car utilizes four. times as much copper wiring as an internal combustion car.
Chile is the world's largest provider of the red metal and. Codelco accounts for just over a quarter of the country's. output.
The overhaul at PMCHS should extend the mine's lifespan by. 50 years however the underground mine has actually been dogged by delays,. collapses and construction problems.
After it was inaugurated in 2019, PMCHS was expected to. produce 385,000 metric tons in 2023. Rather, it produced. 268,000 in 2022 and simply 178,000 in the first nine months of. 2023 due to the slower rollout of the task.
talked to more than a dozen Codelco workers at secret. mines, head office and unions, and reviewed hundreds of pages. of internal business reports, monetary statements and regulatory. examinations and files to examine the causes behind the. hold-ups.
The workers, who asked not to be identified due to. privacy arrangements, said there had actually been no. accountability for the management team and high-level executives. regardless of financial difficulties, employee injuries and even deaths.
Chile's Sernageomin mining regulator informed that. Codelco had actually been approved 29 times given that 2021 and has actually had. seven deadly mishaps. The majority of the occurrences were in project. construction and not routine mining operations, it stated.
While the mishaps have various causes, there are. certain common factors connected to breaches in control. mechanisms, the company informed .
In an interview at Codelco headquarters in Santiago, Pacheco. stated there had been a lack of upkeep partially due to provide. chain and staffing problems during the COVID-19 pandemic. This. caused a series of hold-ups and equipment failures that are still. being felt, he said.
We didn't do configured maintenance during COVID due to the fact that we. focused all our efforts on maintaining production, stated. Pacheco, selected in March 2022. Now we're paying for that.
Hold-ups in structural projects likewise impacted maintenance. since the company was forced to keep using machinery it had. planned on retiring after new tasks came online.
Pacheco said a drop in ore grade, extreme weather condition occasions. such as a drought and then heavy floods in 2023, combined with. accidents at mines likewise injure production. Overall production fell. to 1.325 million metric heaps in 2015 from 1.62 million in. 2021.
Pacheco and other executives stated they expect the slump to. revert in 2024 as more projects come online and Codelco's. Ministro Hales mine stabilizes operations after a huge. landslide in 2022.
On Jan. 18, Codelco stated it would invest an extra $720. million in PMCHS. The job, initially released with numerous. others in 2008, was supposed to see construction completed by. 2017, but that's now postponed up until 2025.
Pacheco said the company would commit more resources to. maintenance and put a stringent monitoring procedure in place.
We make mistakes here, Pacheco stated, refering to the. workers' complaints about executive impunity. I understand. individuals desire every error to be paid with blood. I choose that. errors are paid with lessons discovered.
CHUQUICAMATA'S MAINTENANCE CONCERNS
5 of the employees spoke with said a number of the. issues originated from when management from Codelco's El Teniente. mine, the world's largest underground copper deposit, took control of. the PMCHS project in 2019 however stopped working to adjust for. Chuquicamata's geology compared to the rocky mountains of El. Teniente.
Found in Chile's northern desert area, Chuquicamata's. underground operation has sandier and finer soil than El. Teniente.
A high-level executive, who asked not to be recognized, stated. the PMCHS management team had actually made errors due to. overconfidence in their experience of underground mining at El. Teniente.
' demand to talk to the local mine manager was. denied.
The workers informed the news company that upkeep had been. completely deserted in the mine. They described a dearth of. extra parts and an absence of back-up systems, indicating many. breakdowns completely stop operations.
One worker told throughout a December journey to Calama in. northern Chile, where the mine is based, that some devices that. were supposed to be retired in 2019 were still in usage.
The employee said just 4 of the mine's 10 large mining. trucks are operational due to failure or upkeep and. machinery often breaks down due to the abundance of fine. product.
The employee stated two belts must be moving 11,000 metric. lots of product a day however have not had the ability to move more than. 6,000 tons.
might not verify this information independently.
A previously unreported 2023 sanction by federal government. regulator Sernageomin, reviewed , said a severe. tunnel collapse in Chuqui was brought on by major building. modifications that weren't submitted for approval by the regulator.
The report states the business utilized less, weaker rebars that. were spaced further apart than originally prepared. It also. changed steel frames with insufficiently steady keeping. walls.
The report pointed to five previous collapses or. landslides in 2020 that revealed modifications made by the company were. major and ineffective.
Pacheco did not discuss the specifics of the report. and the business did not reply to additional questions on the. examinations.
STRUCTURAL JOBS: FROM HERO TO PROBLEM
All four of Codelco's megaprojects have been delayed by. years, faced expense overruns totaling billions and suffered. accidents and operational issues while stopping working to deliver the. assured increase in production, according to the company's own. forecasts.
Codelco hands over its revenues to the company and the state. has actually often grumbled that this has actually hindered its financial investment. abilities and resulted in its debt issues.
Juan Carlos Guajardo, head of the consultancy Plusmining in. Santiago, said that while mining projects are seldom ended up on. time and on budget plan, Codelco has had some considerable tactical. errors, especially trying synchronised projects.
Among the other megaprojects is expanding El Teniente. An. 8-kilometer tunnel that aims to expand the mine's life by 50. years was expected to go reside in 2017. It was advancing at about. half a meter a day with 500 meters of tunnel delegated go,. then-CEO Andre Sougarret said in August.
The growth, finished with dynamites, produced unexpected. seismic events due to built-up pressure from rock blasts.
A 2021 report by regulator Sernageomin, examined ,. showed that the tunnel stronghold wasn't strong enough to. stand up to blasts it was developed for.
The previously unreported document states the tunnel was. developed to endure a 1.9 Magnitude (Mw) event, but a tunnel. roofing system and sidewall collapsed throughout a 1.7 Mw event on Sept. 26,. 2020. The report noted there's a high opportunity such occasions would. continue occurring.
In July, a seismic occasion brought on by a rock blast resulted in a. collapse that left one worker temporarily caught. Twelve others. were assessed at health centers but with no serious injuries.
In reaction, Codelco stated it was preparing a report by. completion of the year examining the cause and analyzing. steps to enhance stronghold systems. The report has yet to. be published.
If it's complicated to do one megaproject, it's a lot more. complex to do 4 concurrently, Pacheco stated, adding that. the jobs were currently well in progress by the time he took. over. We would have preferred to do them successively.
(source: Reuters)