Codelco buys Enami's 10% stake in Teck's Quebrada Blanca mine

Chilean State-run miner Codelco has purchased Enami's 10% stake in Teck's Quebrada Blanca mine in northern Chile for $520-million, it said on Thursday.

The deal will contribute 25,000 to 30 000 metric tons of copper to Codelco's annual output, Codelco said. The deal comes as the world's top copper miner is struggling to boost declining production levels.