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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.
The way this was done was by comparing copper profits in Chile with the companies' profits elsewhere in the world. It was calculated that twelve percent was the worldwide profit rate for these companies, and that they had made $774 million above this in Chile from 1955 to 1970: "This deduction exceeded the book value of the companies' properties."
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 ...
To skip the industry analysis, you can go directly to the 5 Biggest Copper Companies in the World. Copper is the third most used metal in the world with Chile as its biggest producer and China as ...
This is a list of copper production by company. 2022. 2021 [1] Rank Company Country Cu production (tonnes) 1: Codelco: ... Chile: 1,827,000 2:
Pages in category "Copper mining companies of Chile" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. A.
Pages in category "Copper mines in Chile" The following 20 pages are in this category, out of 20 total. This list may not reflect recent changes. C. Candelaria mine;
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.