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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 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 ...
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 ...
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 ...
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.
As a result, Chile's economy shifted toward dependence on the copper industry. During this period, copper was described as "Chile's salary". By the late 1950s, the three largest copper mines in Chile were Chuquicamata, El Salvador mine, and El Teniente. Chuquicamata and El Salvador were owned and operated by the Anaconda Copper Company. These ...
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.
The mine is located in the company town of El Salvador. The mine was originally built by The Anaconda Company in the late 1950s, but in 1971, with the nationalization of the copper industry in Chile, full ownership of the mine was turned over to the newly formed, state owned copper mining company Codelco.
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