Tag: Codelco

• Monday, November 21st 2011 - 07:19 UTC

  Major clash in Chile between state copper company and Anglo-American

  

  Anglo American is jeopardizing its future in Chile by trying to prevent state-owned copper giant Corporacion Nacional del Cobre, Codelco from acquiring a 49% stake in its AAS subsidiary, warned Codelco’s CEO.

• Tuesday, August 16th 2011 - 13:41 UTC

  Chile approves massive coal mining project in extreme south Patagonia

  

  The controversial Isla Riesco coal-mining project in the extreme south of Chile took another step forward last Friday when a high-level government commission gave final approval to the first of five mines, Mina Invierno.

• Friday, May 20th 2011 - 10:42 UTC

  Piñera submits bill to repeal financing military expenditure with copper exports

  

  Chilean President Sebastián Piñera signed a bill which, if approved by Congress, would eliminate a substantial source of revenue for Chile’s Armed Forces. Under current legislation, 10% of all export revenues from Chile’s National Copper Corporation (CODELCO) are directed to the Superior Council of National Defence, to be spent on weaponry and equipment.

• Wednesday, March 2nd 2011 - 03:47 UTC

  Chile and France sign deal for development of uranium

  

  Chile and France on Saturday signed a deal promoting the exploration and development of uranium. The deal between the state-owned Codelco (copper mining company) formalizes France’s ability to source minerals, including uranium, from Chile’s mining sector.

• Friday, April 23rd 2010 - 01:40 UTC

  Chile’s nationalized copper company taps private sector CEO

  

  Chile’s nationalized copper company—and the largest copper company in the world—has a new CEO. Diego Hernández Cabrera, a current executive with International mining giant BHP Billiton, was appointed unanimously this week as CEO by Codelco’s board of executives.