|
|
|
|
|
Codelco Codelco (full name in Spanish: Corporacin Nacional del Cobre, Chile) is a Chilean 100 percent state-owned company and the largest copper producer in the world. The main product of Codelco is refined copper in the form of cathodes which are 99.99 percent pure copper. History Codelco's history begins with Law 11,828, of May 5, 1955, that created de "Copper Office" (Departamento del Cobre) of the Chilean government, approved under President Carlos Ibez del Campo. During the administration of President Eduardo Frei Montalva, Congress sanctioned law 16.425, on January 25, 1966, and transformed the "Copper Office" into the "Copper Corporation of Chile" (Codelco). With the constitutional reform that nationalized copper, on July 11, 1971, during President Salvador Allende's government, full ownership of all copper mines and copper fields in the country were transferred to Codelco. The creation of the Corporacin Nacional del Cobre de Chile, as it is currently known, was formalized by decree of April 1, 1976, under the Pinochet regime. Divisions Codelco has four mining and one industrial divisions. They are all located in Northern and Central Chile. - Codelco Norte Division
- Salvador Division
- Andina Division
- El Teniente Division
Mines: El Teniente El Teniente, located 80 km south of Santiago, owned by Codelco and administrated by its Division El Teniente, is the largest underground mine in the world, having 2,400 km of underground galleries. See also External link
|
 |
|
| Copyright 2005-2009 OnPedia.com. All Rights Reserved |
|
|