Chile copper giant Codelco plans India, SE Asia push to trim reliance on China

The firm will open a new office in Singapore

  
Image used for illustrative purpose. A worker monitors a process at the copper smelter of Codelco Ventanas in Ventanas city, Chile. January 7, 2015.

Image used for illustrative purpose. A worker monitors a process at the copper smelter of Codelco Ventanas in Ventanas city, Chile. January 7, 2015.

Reuters/Rodrigo Garrido

SANTIAGO- Chile state mining company Codelco, the world's largest copper producer, will seek to quadruple sales in Southeast Asia by 2023 and push further into the Indian market in an attempt to reduce a strong reliance on sales to China, the company told Reuters.

The firm will open a new office in Singapore to help lead the push around the region to deal with clients in Vietnam, Malaysia and Thailand, among others, it said.

(Reporting by Fabian Cambero, additional reporting by Tom Daly in Beijing; Writing by Adam Jourdan; Editing by Sandra Maler) ((adam.jourdan@thomsonreuters.com; +54 1155446882; Reuters Messaging: adam.jourdan.thomsonreuters.com@reuters.net))


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