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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 ...
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]
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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.
Chuquicamata (/ tʃ uː k iː k ə ˈ m ɑː t ə / choo-kee-kə-MAH-tə; referred to as Chuqui for short) is the largest open pit copper mine in terms of excavated volume in the world. [citation needed] It is located in the north of Chile, just outside Calama, at 2,850 m (9,350 ft) above sea level.
The town was founded in 1906 by the Braden Copper Company as a company town to support extracting copper from the El Teniente mine. [2] It was named after the company's first president, Barton Sewell. During the Great Depression, the Braden Copper Company became a subsidiary of Kennecott Copper Company. In 1917 the foundry or smelter was moved ...