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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.
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.
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.
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 ...
Location of Chile. Chile is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south.
Chile has a long tradition in mining, which developed during the 20th century and made the country the world's top producer of copper. [2] Since 2000, an average of 34 people have died every year in mining accidents in Chile, with a high of 43 in 2008, according to a review of data collected by the state regulatory agency Servicio Nacional de Geología y Minería de Chile (abbreviated ...
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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.