Codelco CEO Sougarret to leave role in August

Chile's State-owned Codelco, the world's largest copper producer, announced on Tuesday the resignation of its CEO Andre Sougarret.

Sougarret will remain in his post until August 31, according to a company statement.

Complexities in managing a state mining company in "current times and circumstances" are among the reasons for Sougarret's resignation cited in the statement.