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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]
The nationalization of the Chilean copper industry, commonly described as the Chileanization of copper (Spanish: Chilenización del cobre) [1] was the process by which the Chilean government acquired control of the major foreign-owned section of the Chilean copper mining industry. It involved the three huge mines known as 'La Gran Mineria' and ...
The mining sector in Chile has historically been and continues to be one of the pillars of the Chilean economy. [1] Copper exports alone stands for more than one third of government income. Most mining in Chile is concentrated to the Norte Grande region spanning most of the Atacama Desert. Mining products of Chile includes copper, gold, silver ...
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.
This was the beginning of copper mining by the Chile Exploration Company of the Guggenheim Group. Their reports found that the mine showed promise, and in April 1911, he started to buy up mines and claims, mainly from the larger mining companies, in association with Duncan Fox y Cia., an English entrepreneur. [1] [2]
Chilean copper giant Codelco has secured contracts that will guarantee 85% of its energy supply will come from renewable sources by 2026, it said on Friday. The company said these contracts would ...
The town was founded in 1906 by the Braden Copper Company as a company town to support extracting copper from the El Teniente mine. [2] It was named after the company's first president, Barton Sewell. During the Great Depression, the Braden Copper Company became a subsidiary of Kennecott Copper Company. In 1917 the foundry or smelter was moved ...
Mining firms in Chile, the world's No.1 copper producer, are cheering a rally in the price of the red metal that hit a 10-year high this week, but warned that costs could rise as labor unions and ...