Máximo Pacheco president of the board[1] André Sougarret president CEO[1]
Products
Copper
Revenue
US$16.0 billion (2010)
Net income
US$5.249 billion[2]
Number of employees
17,880
Website
www.codelco.com
Codelco (Corporación NacionaldelCobre de Chile or, in English, the National Copper Corporation of Chile) is a Chilean state-owned copper mining company. It was formed in 1976 from foreign-owned copper companies that were nationalised in 1971.[3]
The headquarters are in Santiago and the seven-man board of directors is appointed by the President of the Republic. It has the Minister of Mining as its president and six other members including the Minister of Finance and one representative each from the Copper Workers Federation and the National Association of Copper Supervisors.[3]
It is currently the largest copper producing company in the world and produced 1.66 million tonnes of copper in 2007, 11% of the world total. It owns the world's largest known copper reserves and resources. At the end of 2007 it had a total of reserves and resources of 118 million tonnes of copper in its mining plan, sufficient for more than 70 years of operation at current production rates. It also has additional identified resources of 208 million tonnes of copper, though one cannot say how much of this may prove economic.[3]
Codelco's principal product is cathode copper. It is also one of the world's largest molybdenum producers, producing 27,857 fine metric tons in 2007, and is a large producer of rhenium, of which Chile is the world's largest producer.[3][4] It also produces small amounts of gold and silver from refinery anode slimes, the residue from electro refining of copper.
^ abReyes, Verónica (2022-07-01). "Codelco fundamenta cierre de Ventanas, pero alude que siempre se les apuntó por sobre otras empresas". Radio Bío-Bío (in Spanish). Retrieved 2022-07-01.
^"US$ 5.249 millones genera Codelco entre enero-septiembre, casi cuatro veces más que en el mismo período de 2020".
^ abcd"Codelco 2007 Annual Report " (PDF). Archived from the original (PDF) on 2011-07-07. Retrieved 2008-08-12.
Codelco (Corporación Nacional del Cobre de Chile or, in English, the National Copper Corporation of Chile) is a Chilean state-owned copper mining company...
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...
Previously part of Anaconda Copper, the mine is now owned and operated by Codelco, a Chilean state enterprise, since the Chilean nationalization of copper...
copper mining was estimated at 3.7 kg CO2eq per kg of copper in 2019. Codelco, a major producer in Chile, reported that in 2020 the company emitted 2...
Corporation (Codelco) controls the mine. Until 1999, Radomiro Tomic was referred to as "Codelco Chile Division Radomiro Tomić", since then, (Codelco) has renamed...
and the Pacto gold mines; and has a partnership with the Chilean company Codelco to develop several copper deposits. The Junin deposit, located in the Intag...
percent of Chile's copper output in 1991). The so-called Codelco Law of April 1992 authorized Codelco for the first time to form joint ventures with the private...
mine located in Chile and owned by the state owned copper mining company Codelco. The mine is located in the company town of El Salvador. The mine was originally...
global supplies. Overall, Chile produces a third of the world's copper. Codelco, the state mining firm, competes with private copper mining companies....
eventually nationalized, Cerro de Pasco's Andina operation, which went to Codelco, and the two mines, Los Bronces and El Soldado, owned by Peñarroya's Disputada...
Estadio El Teniente, also known as Estadio El Teniente-Codelco for sponsorship reasons, is a multi-purpose stadium in Rancagua, Chile. It is currently...
needed] These resources are exploited by various mining companies such as Codelco, Lomas Bayas, Mantos Blancos, and Soquimich. Pollution In recent years...
declaring the mines "inalienable". In 1976 the State-owned enterprise Codelco was established to exploit them; a new law in 1982 opened new mineral deposits...
Geovirtual.cl. Archived from the original on 2011-11-13. Retrieved 2014-03-05. "Codelco to process, sell acid from Potrerillos smelter". BNamericas. 2008-10-14...
Global Information
US$16.0 billion (2010)