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The National Copper Corporation of Chile (Spanish: Corporación Nacional del Cobre de Chile), abbreviated as Codelco, is a Chilean state-owned copper mining company. It was formed in 1976 from foreign-owned copper companies that were nationalised in 1971. [3]
Chuquicamata (/ tʃ uː k iː k ə ˈ m ɑː t ə / choo-kee-kə-MAH-tə; referred to as Chuqui for short) is the largest open pit copper mine in terms of excavated volume in the world. [citation needed] It is located in the north of Chile, just outside Calama, at 2,850 m (9,350 ft) above sea level.
False color satellite image of the Escondida Mine, courtesy of NASA. Minera Escondida (which means 'hidden' in Spanish) is a mining company that operates two open pit copper mines in the Atacama Desert, 170 km southeast of Antofagasta in northern Chile. It is currently the highest producing copper mine in the world.
Copper production at Codelco, Chile's state-owned copper mining company, rose 2 percent in the first half of 2018 to 813,000 tonnes, Chief Executive Nelson Pizarro said on Friday. The world´s top ...
The 2010 Copiapó mining accident, also known as the "Chilean mining accident", began on 5 August 2010, with a cave-in at the San José copper–gold mine, located in the Atacama Desert, 45 kilometers (28 mi) north of the regional capital of Copiapó, in northern Chile. 33 men were trapped 700 meters (2,300 ft) underground and 5 kilometers (3 mi) from the mine's entrance and were rescued after ...
In this article, we discuss the 15 biggest copper companies in the world. To skip the industry analysis, you can go directly to the 5 Biggest Copper Companies in the World.
The Chilean government bought a 51% interest in the mine in 1967. Some 15,000 people lived in Sewell at its height as a company town. In 1971 Chile nationalized copper production under President Salvador Allende and formed the state-owned copper mining company Codelco. This company still operates the mine. Workers began to live in other areas.
Given this more favourable context, Phelps Dodge, a United States mining company and the Sumitomo Metal Mining Company, a Japanese firm, signed a US$1.5 billion contract in 1992 with the Chilean government to develop Candelaria, a copper and gold mine south of Copiapó. The mine's potential production of refined copper was equivalent to about ...