HIGHLIGHTS-Top copper mining executives speak in Santiago

Wed Apr 9, 2014 12:15pm EDT
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(Updates with more executive comment)

SANTIAGO, April 9 (Reuters) - Top copper mining executives have flocked to Santiago, Chile to discuss the state of the industry as concerns about oversupply and a credit crisis in China, the world's No. 1 industrial metal user, weigh on prices and sentiment.

The following are some of their comments at the Cesco/CRU event:


On mining challenges in Chile:

"Chile has lost ground in terms of competitiveness. We need to tackle these challenges to efficiently recover our ranking.

Here's a list of challenges we need to take on: The portfolio of mining projects needs certainty in terms of mining permits; legal gaps need to be filled; decisions need to be made about (funding) Codelco's big projects.

In terms of competition, we need to guarantee the availability of water and energy at competitive prices. It's a big list of challenges that we need to take on together. That's our big challenge."