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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 high variability of copper prices affected the Chilean economy, particularly the external accounts and the availability of foreign exchange, in several ways. In the 1987-91 period, the international copper market was very favorable; for example, copper prices in 1989 were 50 percent higher than in 1980.
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 ...
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, under growing pressure from global clients demanding sustainable mining credentials, is trying to give itself a green makeover by investing in electric buses, cactus ...
Chile's Codelco, the world's top copper miner, reported an 18% year-on-year drop in its first-quarter copper output on Thursday, as unions at its Chuquicamata mine announced they would hold talks ...
Antofagasta plc is a London-based Chilean multinational. It is one of the most important conglomerates of Chile with equity participation in Antofagasta Minerals, the railroad from Antofagasta to Bolivia, Twin Metals in Minnesota and other exploration joint ventures in different parts from the world.
The operation was thus highly profitable and paid US$2.2 billion in taxes to the Chilean treasury. [8] As a result of its considerable size relative to the world copper market, developments at Escondida can have dramatic effects on the world copper price as was shown by its gyrations during the strike in August 2006.