How many mines does Codelco have?
The company Codelco consists of research, exploration, acquisition and development departments. It has five principal operating divisions, Codelco Norte, Salvador, Andina, Ventanas and El Teniente, and a 49% interest in the El Abra Mine.
Where is Codelco located?
Chile
::: CODELCO ::: Located at 2,250 meters of height, the city of Calama is 1,568 km north of Santiago, the capital of Chile, in the middle of the vast Atacama desert.
Who owns Chilean copper mines?
Codelco
Previously part of Anaconda Copper, the mine is now owned and operated by Codelco, a Chilean state enterprise, since the Chilean nationalization of copper in the late 1960s and early 1970s.
Who owns Codelco?
the Chilean State
Codelco is owned by the Chilean State and is dedicated to mining, trading and industrial activities. Decree Law No. 1,350 (1976) created the Corporación Nacional del Cobre de Chile, Codelco Chile, which began managing the large-scale mines nationalised in 1971.
Is Codelco listed?
The 10 largest publicly traded copper producers The world’s largest copper company by production and reserves is Codelco, which is owned by the government of Chile. The following table contains the 10 largest publicly traded mining companies that produce copper, ranked by their market capitalization.
Will we run out of copper?
Are we going to run out of copper? It is highly improbable. Historically (USGS data), there has always been, on average, 40 years of reserves and 200 years of resources left since 1950. In addition, recycling, innovation and mining exploration continue to contribute to the long-term availability of copper.
Is Codelco publicly traded?
The 10 largest publicly traded copper producers The world’s largest copper company by production and reserves is Codelco, which is owned by the government of Chile. However, investors who are interested in the copper sector have plenty of other options.
What is the best copper stock to buy today?
Best Copper Stocks
- Freeport-McMoRan (NYSE: FCX) Phoenix, Arizona-based Freeport-McMoRan was originally incorporated in 1987 and is one of the world’s largest producers of copper.
- Teck Resources (NYSE: TECK)
- Copper Mountain Mining (OTC: CPPMF)
- First Quantum Minerals (OTC: FQVLF)
- Solaris Resources (OTC: SLSSF)
Who owns the biggest copper mine in the world?
In the 2020 calendar year, its copper production measured 1.68 million tonnes. BHP jointly owns the world’s largest copper mine – the Escondida project in Chile – alongside partners Rio Tinto and JECO.
Where is the Codelco Andina mine in Chile?
The Codelco Andina mining facilities are located in the fifth region of Los Andes Province in central Chile. Situated at the foot of the Andes Mountains, the mine is stationed at an altitude of between 2,500 and 3,700 meters and is mainly engaged in the extraction of copper and molybdenum concentrate.
When did Anaconda Copper Mine become Codelco copper?
Anaconda ran the mine until the 1960s when the Chilean state acquired a 51% holding in the “Chilenization” of the copper industry. In 1971 the mine was nationalised and in 1976 was incorporated into Codelco.
What kind of metal does Codelco produce in Chile?
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.
Where does Codelco produce copper and molybdenum concentrate?
The flotation section produces both copper and molybdenum concentrates. The 1.65 million tonnes p.a. of concentrate are smelted in one Outokumpu flash smelter and one Teniente converter with electric furnace and cylindrical slag cleaning followed by four Pierce Smith converters.
