Codelco

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CODELCO
Type Government-owned
Industry Mining
When it was created (1955)
Headquarters Santiago, Chile
Things made Copper
Money earned Increase US$ 16.0 billion (2010)
Employees 17,880
Website www.codelco.com

Codelco-Chile (Spanish: Corporación Nacional del Cobre de Chile - CODELCO) is a state mining company in Chile that uses and exploits copper.

History[change | edit source]

It was founded in 1955 like the Copper Office. In 1966, under President Eduardo Frei Montalva, the Copper Office changes the name to Copper Corporation of Chile (Codelco). It was nationalized on July 11, 1971 under Salvador Allende. In 1976 was created the Corporación Nacional del Cobre de Chile under the Augusto Pinochet administration.

Features[change | edit source]

Considering the size of installations and volume of production, it is considered one of the largest mining companies in the world.

Related pages[change | edit source]

Other websites[change | edit source]