CMS
CHILE S.A.
December 31st, 2006
Legal Status
Sistemas y Equipos Mineros SA is a private limited
company established 29 July 1992.
Capital subscribed and paid
in
The capital of CMS Chile is US$9,320,000 and consists
of 69,000 shares. These shares have no nominal
value.
Purpose
The purpose of this company is to manufacture,
sell and distribute in Chile and abroad, machinery
equipment and replacement parts. Furthermore,
through its subsidiary, CMS Tecnología
SA it provides integrated maintenance services
to the main large-scale mining operations in northern
and central Chile.
Board of Directors
Alex Acosta Maluenda, President Board of Directors
(*)
Waldo Fortin Cabezas, Director (*)
Mario Espinoza Durán, Director (*)
Luis Farías Lasarte (*)
General Manager
José Robles Becerra (*)
Codelco's share of capital
and changes during the fiscal year
Codelco Chile owns 100% of CMS Chile SA, and this,
in turn, held 30.23% of CMS Tecnología
SA up to September 2005. In 2005, Codelco took
bids on 70% of CMS
Tecnología SA shares and in September received
offers.
ABB (Asea Brown Bovery) won the bids and took
control of CMS Tecnología SA in late October,
eliminating CMS Chile's ownership.
Commercial relations with
Codelco
The company had no commercial activity in 2006,
after the selling of its entire share of CMS Tecnología
SA in 2005, and is not expected to have any in
the future.
Contracts with Codelco
The company had no commercial activity in 2006
Investment as a percentage
of total head office
2006 investment in subsidiary US$0.
2005 Investment in subsidiary US$0.
Total investment as a percentage of head office
assets 0%, 2006.