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.
Who owns the copper in Chile?
Chilean copper mines are 72 percent owned and operated by private mining companies. The remaining 28 percent is state owned and operated by Codelco. Freeport McMoran Copper & Gold Inc.
Is Codelco listed?
The world’s largest copper company by production and reserves is Codelco, which is owned by the government of Chile….The 10 largest publicly traded copper producers.
| Company | Market Capitalization |
|---|---|
| BHP Group (NYSE: BHP) | $124.3 billion |
| Rio Tinto (NYSE: RIO) | $85.4 billion |
Where is the largest copper mine in the world?
Chile
The Escondida mine in Chile is the world’s largest copper mine based on capacity, with a capacity of some 1.5 million metric tons. Escondida is owned by BHP Billiton, Rio Tinto, and Japan Escondida.
Which country is rich in copper?
Chile, the world’s leading copper producer by far, produced an estimated 5.6 million metric tons of copper in 2021. In second place is Peru, with an estimated copper mine production of 2.2 million metric tons in the same year.
What companies mine copper?
Top copper stocks
| Top Copper Stock | Ticker | Copper Reserves |
|---|---|---|
| Freeport-McMoRan | (NYSE:FCX) | 51.3 million tons |
| Teck Resources | (NYSE:TECK) (TSX:TECK.B) | 7 million tons |
| Southern Copper | (NYSE:SCCO) | 67.7 million tons |
| Rio Tinto | (NYSE:RIO) | 14.8 million tons |
Does Codelco have a smelter?
Unlike other Codelco mines, it does not have its own smelter. Geologically it consists of about half the Los Bronces-Rio Blanco complex of mineralised breccias, the other half being owned and mined by the Los Bronces mine of Compania Minera Disputada de la Condes which is in turn owned by Anglo American .
Why choose molycop?
Molycop is a global market leader in the manufacture and supply of grinding media, mining chemicals and rail consumables. The company has built a strong reputation over many years for outstanding service, industry knowledge and trusted supply.
What is the symbol of Codelco?
Codelco’s symbol is based on the alchemical symbol for copper . 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.
What does Codelco do with the Ventanas?
It processes concentrates and anodes from Andina and El Teniente, amongst other producers, and makes Codelco increasingly self-sufficient. The ‘New Ventanas Project’ is investigating the feasibility of converting it into a large scale smelting and refining complex.