Nationalization Of Chilean Copper Mines

Mining in Chile - ipfs.io

The heightened importance of these foreign private firms in large-scale copper mining also resulted from the international business community's improved perception of Chile and from a mining law enacted during the Pinochet regime that clearly established compensation rules in the case of nationalization and otherwise encouraged investment in this sector.

Indonesia mine nationalization shakes top copper producer ...

Jul 18, 2018· JAKARTA — Indonesia’s nationalization of a major copper and gold mine formerly run by U.S. metals company Freeport-McMoRan is a win for Indonesian President Joko Widodo who has been calling for the reclamation of strategic resources.

Nationalization of Copper in Chile and Its International ...

Nationalization of the large, partly U.S.-owned copper companies, jointly known as Gran Minería del Cobre, 1 was a major promise in the Programme with which Salvador Allende was elected President of Chile in 1970. Within eight months of his inauguration the promise had been fully carried out and in a manner, moreover, that can be described as ...

Chilean nationalization of copper - Wikipedia

The nationalization of the Chilean copper industry, commonly described as the Chilenización del cobre or "Chileanization of copper," was the process by which the Chilean government acquired control of the major foreign-owned section of the Chilean copper mining industry. It involved the three huge mines known as 'La Gran Mineria' and three smaller operations.

The World's 20 Largest Copper Mines

Jun 25, 2019· The world's 20 largest copper mines produce nearly 9 million metric tons of the precious metal a year, about 40 percent of the world's total copper mine capacity. Chile and Peru, alone, account for about half of the copper mines on this list, but the U.S. does make the cut, with two mines among the top 20.

U.S. Warns Chile Her Plan to Take Over Copper Holdings ...

Feb 03, 1971· In addition to full nationalization of copper, the Chilean Government has begun talks with the Bethlehem Steel Company to take over its iron mines here. Bank Stocks Being Bought

Nationalization of Copper in Chile and its International ...

Abstract. Nationalization of the large, partly U.S.-owned copper companies, jointly known as Gran Minería del Cobre, 1 was a major promise in the Programme with which Salvador Allende was elected President of Chile in 1970. Within eight months of his inauguration the promise had been fully carried out and in a manner, moreover, that can be described as uncompromising: the Government refused ...

Chile mine workers want nationalization debate - Reuters

Jul 11, 2008· Joining hands in a show of unity, the Chilean mine workers pledged on Friday to put nationalization back on the agenda, although in a watered-down version of …

Chuquicamata – MINING.COM

Type of Mine: Copper, Gold. Location: Chile. ... Under state ownership since the Chilean nationalization of copper in the early 1970’s, Chuqui has grown …

Codelco | Chilean company | Britannica.com

Codelco: Codelco, state-owned Chilean mining company that is one of the largest copper producers in the world. Headquarters are in Santiago. Codelco’s core business is the exploration, development, and exploitation of copper mineral resources, the processing and refining of copper, and its subsequent sale.

The 10 biggest copper mines in the world

Nov 04, 2013· Chile, the world's largest copper producing country, hosts six of the ten largest copper mines in the world, while the remaining four are located in Peru, Mexico and Indonesia. Mining-technology.com profiles the ten biggest copper mines in the world, based on contained reserves. Escondida copper ...

10 Top Copper-producing Companies | Investing News Network

Southern Copper believes it has the largest copper reserves in the industry, and has committed to investing $2.9 billion in its Chilean mining operations as part of its growth program and goal of ...

Chilean nationalization of copper - chemeurope.com

The nationalization of the Chilean copper industry (Spanish: Chilenización del cobre) was the progressive process in which the Chilean government acquired total control of the copper industry, and involved the transference of ownership of the Chilean copper industry from the hands of a few multinational corporations, especially those from the United States, to the Chilean state.

CHILE: NATIONAL CAPACITY - iisd.org

nationalization of its copper sector, the “Chilenización del cobre,” in 1971. Mining assets, mainly owned by American private companies, at Chuquicamata, Salvador, Andina, El Teniente and La Exótica became 100 per cent owned by the Chilean state through a process of nationalization. This expropriation was supposed to be based

Nationalization of the Zimbabwe Mining Sector: Another ...

Mar 21, 2011· The Zimbabwean government recently announced plans to partially nationalize the country’s mining sector after accusations that foreign companies were …

El Salvador mine - Wikipedia

The mine was originally built by The Anaconda Company in the late 1950s, but in 1971, with the nationalization of the copper industry in Chile, full ownership of the mine was turned over to the newly formed, state owned copper mining company Codelco.. Codelco had planned to close the El Salvador mine in 2011, but extended the mine life by an additional 15–20 years.

Milestones: 1969–1976 - Office of the Historian

The Allende Years and the Pinochet Coup, 1969–1973. Relations between the United States and Chile deteriorated in the 1960s due to U.S. concerns regarding the Chilean Left and the rise of Chilean nationalization of certain industries, especially copper.

Mining nationalization and privatization in Peru and in Chile

the successes and failures of mining nationalization in Peru and Chile,and how the outcomes influenced mining policy duringthe following decades. Keywords Mining .Nationalization .Privatization .Peru . Chile .Coppercompanies Introduction Nationalization of mines took place in many countries during the twentieth century. First, it occurred in ...

What Is Chuquicamata In Chile Famous For? - WorldAtlas.com

Mar 15, 2019· The Chuquicamata smelting and mining center is located in the northern region of Chile near Calama which is located at the elevation of 9,350 feet above sea level. The copper-rich center is also located in the Atacama Desert which is known to contain reserves of other minerals like gold and other industrial metals. The word Chuquicamata is derived from the Aymara language and refers to …

Towards a Historiography of the 1973 Nationalization of ...

largest owners of copper reserves in Chile were United States companies, primarily the Braden Copper Company, the Anaconda Copper Company, 1. In this study, Nationalization in capitals refers to the 1971 nationalization of Chilean copper whereas nationalization, in lower case, refers to the general act of nationalizing an industry or company.

Chuquicamata - Wikipedia

Chuquicamata (/ tʃ uː k iː k ə ˈ m ɑː t ə / choo-kee-kə-MAH-tə), or "Chuqui" as it is more familiarly known, is by excavated volume the largest open pit copper mine in the world, located in the north of Chile, just outside Calama at 2,850 m (9,350 ft) above sea level, 215 km (134 mi) northeast of Antofagasta and 1,240 km (770 mi) north of the capital, Santiago.

Mining in Chile - Wikipedia

The mining sector in Chile is one of the pillars of Chilean economy and copper exports alone stands for more than one third of government income. Most mining in Chile is concentrated to the Norte Grande region spanning most of the Atacama Desert. Mining products of Chile includes copper, gold, silver, molybdenum, iron and coal.

Chilean Senate Gives Allende Power To Nationalize U.S ...

Feb 11, 1971· The copper investments amount to nearly $700‐million, and include large sums spent on the expansion of Chile's mines under the previous gov ernment of President Eduardo Frei Montalva, a ...

Minera Escondida - Wikipedia

Minera Escondida (which means 'hidden' in Spanish) is a mining company that operates two open pit copper mines in the Atacama Desert, 170 km southeast of Antofagasta in northern Chile. It is currently the highest producing copper mine in the world.

The Nationalization of Chile's Large Copper Companies in ...

THE NATIONALIZATION OF CHILE'S LARGE COPPER COMPANIES IN CONTEMPORARY INTERSTATE RELATIONS By JOHN FLEMINGt T I. INTRODUCTION HE nationalization of Chile's large copper mines has given rise to a legal debate whose outcome may seriously affect international economic and political relations during the coming decades. The con-

Nationalization and Mining: Lessons from - SAIMM

Nationalization and Mining: Lessons from Zambia budget deficit increased to US$150 million. Foreign debt of $2.6 billion had to be restructured. By 1986 a noticeable decline in copper production resulted in the closure of many mining units and led to the implementation of a five-year plan to revive the company8. This was not successful, and by

The Chilean copper industry towards a more ecologically ...

" The Chilean copper industry towards a more ecologically durable exploitation?" “A historical analysis of the ecological durability of Chilean copper exploitation and the influence of different stakeholders on this evolution.” Mémoire de Fin d'Etudes présenté par SCHILDERMANS, Peter en vue de l'obtention du grade académique de

Copper Workers, International Business, and Domestic ...

A description of developments in the copper mines since the military coup of 1973 is presented in the epilogue. Copper workers have been influential in the modern history of Chile. They not only produced the “wage of Chile,” they also strove for the expansion of labor rights, the nationalization of copper, and the return of democracy.

Mining nationalization and privatization in Peru and in Chile

Peru and Chile, indisputable leaders in mine production, experienced nationalization at the end of the 1960s and beginning of the 1970s, but the outcome was very different in each country.