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What is Codelco?
Codelco is the Corporación Nacional del Cobre de Chile
What is its importance?
Codelco is the main copper producer in the world. Also,
it is one of the largest companies in Chile.
Who is its owner?
The Corporación Nacional del Cobre is 100% property
of the Chilean State. All Chileans own it.
Why was it created?
The constitutional reform that nationalized copper, of july
11, 1970, established the transference to the State of all
the big mining properties, which made necessary to create
a company capable of exploting and managing them.
When was it founded?
The Law Decree Nº 1,350 of april 1st of 1976 created
Codelco, a mining, industrial and commercial State company.
How is it organized?
Codelco has its Head Office in Santiago, Chile. The exploitation,
processing and shipment operations are carried out by its
Divisions: Codelco Norte Division (fusion of former Chuquicamata
and Radomiro Tomic Divisions), Salvador Division, El Teniente
Division and Andina Division.
Codelco also participates in mining, non mining and business
associations with other companies and it has a network of
subsidiaries and sale agents backing up its commercialization
activities.
Who work at Codelco?
More than 16 thousand workers collaborate with Codelco.
Who directs the company?
Codelco has a Board of Directors which seven members are nominated
by the President of Chile.
In turn, the Board nominates the Executive President which
leads a senior staff formed by Senior Vicepresidents and ExecutiveVicepresidents.
What are its aims?
The Corporation has a strategy based on a vision of future,
which implies displaying all of its business potential both
in Chile and abroad to maintain its position of leader in
the copper industry.
Codelco has set for itself the goal of doubling its economic
value during the 2000-2006 period, a goal stated in the strategy
known as the Joint Strategic Plan.
What are its products?
The main product of Codelco is refined copper in the form
of cathodes which are 99.99% pure copper. The Corporation
also produces copper concentrates, blister or anode copper
and subproducts such as molybdenum, anodic slimes and sulphuric
acid.
In Germany, Codelco also manufactures wire rod, a semimanufactured
product that uses copper cathodes as raw material.
How much does it produce?
In 2004, copper production by Codelco reached 1.840.035 metric
tons of fine copper (includes Codelco's share of El Abra).
It also produced 32.324 metric tons of molybdenum, the main
subproduct of the Corporation.
Does it have future reserves?
Codelco has some 77 million metric tons in copper reserves.
These are the largest in the world. However, the Corporation
has a permanent surveying activity to identify new possibilities
of mining business both in Chile and abroad.
Who are its clients?
Codelco´s policy has been aimed at giving priority to
refined copper sales to fabricators or producers of semimanufactured
products. The Corporation views its clients as strategic partners.
What are its markets?
Copper leaves Chile for clients around the world. The main
market is Asia (43%), followed by Europe (29%), Northamerica
(12%) and Southamerica (16%) according to 2004 data.
How much copper does it sell?
In 2004 the physical sales of copper reached 1,840 million
metric tons, own production.
What is the income from sales?
In 2004 the total income from sales of copper and subproducts
reached 8,204 million dollars.
What is copper?
Copper is a metallic element found in nature. Its chemical
symbol is "Cu" and its atomic number is 29.
Where is it exploited?
10,000 years ago, when man was leaving the the Stone Age,
the exploitation of copper began. Since then it has been present
throughout the development of civilization.
What is the importance of copper?
Copper has important properties for the development of societies:
high electrical and heat conductivity, resistance to corrosion,
durability, it can be recycled and, due to its attractive
colour, has been used by craftmen and artists for thousands
of years.
Also, health research has established that copper is essential
fur all living organisms. We all need a daily dose of this
element which, in the case of humans, we obtain through the
food we eat.
Does copper have a future?
The development of new technologies ensures an increasingly
efficient and sustainable production of copper. This makes
possible to gain access to mineral deposits that could not
be exploited before, while at the same time complying with
the requirements of a society increasingly concerned with
the environmental and social conditions of the planet. Beyond
the increasing consumption of copper associated to progress
and growth, this element has important application in new
technologies that will play important roles in our future.
What is molybdenum?
Molybdenum is obtained from sulfide ores during the separation
of copper. It is a metallic element required in the international
markets since it is used for special steel alloys and other
alloys with special properties of durability, strength and
resistance to heat and corrosion. Codelco is one of the world´s
main producers of molybdenum.
How do I contact Codelco?
To contact Codelco you may use the following postal address:
Casa Matriz
Huérfanos 1270
Casilla Postal 150-D
Santiago, Chile
Other means:
Phone: 56 (2) 6903000
Fax: 56 (2) 6903059 / 6721473
Telex: 240672 CUPRU CL
E-mail: comunica@codelco.cl
Web site : http://www.codelco.com/
Copper
production and income before taxes
since 1990?
|
YEAR |
COPPER PRODUCTION
(Thousands
of metric tons) |
INCOME BEFORE
TAXES
(US$
million) |
|
1990 |
1.195,3 |
1.536,6 |
|
1991 |
1.125,5 |
887,5 |
|
1992 |
1.156,3 |
920,7 |
|
1993 |
1.139,4 |
162,2 |
|
1994 |
1.134,1 |
1.102,2 |
|
1995 |
1.164,7 |
1.763,6 |
|
1996 |
1.221,3 |
1.103,3 |
|
1997 |
(*)1.326,4 |
1.010,8 |
|
1998 |
(*)1.500,5 |
355,3 |
|
1999 |
(*)1.615,3 |
572,5 |
|
2000 |
(*)1.612 |
753 |
|
2001 |
(*)1.699 |
410 |
|
2002 |
(*)1.630 |
369 |
|
2003 |
(*)1.674 |
606 |
|
2004 |
(*)1.840 |
3.301 |
2005
|
(*) 1.831 |
4.901 |
(*) Includes Codelco’s share
in El Abra
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Organization
