Chile State Government (Codelco)

Also known as the Corporacion Nacional del Cobre de Chile (CODELCO), a well-known Chilean company founded on April 1, 1976, is the world’s largest copper producer, operating the development, mining and refining of copper mines. Processing and sales. Total assets of 8.083 billion US dollars in 2005 sales of 10.491 billion US dollars. The chairman of the board of directors is Karen Poniachik Pollak, Minister of Mines, and José Pablo Arellano, CEO.

In the first quarter of the year, Chile’s state-owned Codelco’s copper production fell 11% from the same period of last year, as the ore grade of aging mines declined, but the initial recovery of copper prices improved the company’s profit. Its wholly owned mine copper production is 390,000 tons, and its copper production, including mines held by it, is 416,000 tons.