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The nationalization of the Chilean copper industry, commonly described as the Chileanization of copper (Spanish: Chilenización del cobre) [1] 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 ...
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2008 On April 3, 2008, Chávez ordered the nationalization of the cement industry. [128] 2008 On April 9, 2008, Chávez ordered the nationalization of Venezuelan steel mill Sidor, in which Luxembourg-based Ternium currently holds a 60% stake. Sidor employees and the Government hold a 20% stake respectively. [129]
Chilean copper mining of high-grade oxidized copper minerals and melted with charcoal produced 80,000 to 85,000 tons of copper in the 1541–1810 period. [1] Gold, silver and copper from Chilean mining begun to be exported directly to Spain via the Straits of Magellan and Buenos Aires in the 18th century. [17]
Chileans have referred to such large-scale copper mining operations as La Gran Minería del Cobre (a major copper mine). Before nationalization, these operations generated a large proportion of the foreign currency which the country received. In 1945 there was a disaster at El Teniente mine, resulting in the deaths of 355 men and injury to 747 ...
The mine is located in the company town of El Salvador. 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.
Mining firms in Chile, the world's No.1 copper producer, are cheering a rally in the price of the red metal that hit a 10-year high this week, but warned that costs could rise as labor unions and ...
Chile has a long tradition in mining, which developed during the 20th century and made the country the world's top producer of copper. [2] Since 2000, an average of 34 people have died every year in mining accidents in Chile, with a high of 43 in 2008, according to a review of data collected by the state regulatory agency Servicio Nacional de Geología y Minería de Chile (abbreviated ...