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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 ...
1972 Chilean nationalization of copper mining industry, after a unanimous modification to the Constitution by the Chilean Congress on 11 July 1971, nationalising the operations of the US companies Anaconda, Kennecott, and Cerro.
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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.
Lustros, Inc. has a majority equity position in Sulfatos Chile S.A., which owns the Anica Copper Mines as well as a copper sulfate production project and employs a highly experienced staff of ...
The mining sector in Chile has historically been and continues to be one of the pillars of the Chilean economy. [1] 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 ...