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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]
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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.
It is currently the highest producing copper mine in the world. Its 2007 production of 1.483 million tons of the metal was worth US$10.12 billion, [ 1 ] mainly as metal in concentrate, but some as cathode, and was 9.5% of world output and 26% of Chilean production, according to the US Geological Survey's preliminary estimates of 2007 world mine ...
The National Copper Corporation of Chile (Spanish: Corporación Nacional del Cobre de Chile), abbreviated as Codelco, is a Chilean state-owned copper mining company. It was formed in 1976 from foreign-owned copper companies that were nationalised in 1971.