Chile's government is exploring options to introduce private investment into state-owned copper producer Codelco, while aiming to maintain state control. This move comes as the indebted company faces significant challenges and a crucial juncture in its operational and financial future.

Finance Minister Mario Marcel has indicated that such a strategy could involve private partners contributing capital for specific projects or divisions within Codelco. The objective is to secure necessary funding for modernization and expansion without relinquishing majority ownership. This approach aims to balance the need for investment with the strategic importance of keeping the company under state purview.

The discussions are part of a broader effort to address Codelco's substantial debt burden and its declining production levels. The potential involvement of private capital is seen as a way to inject much-needed resources and expertise to revitalize the company and ensure its long-term viability in a competitive global market. The government is carefully considering various models to achieve these goals.