Who owns mines in Chile?
Chilean copper mines are 72 percent owned and operated by private mining companies. The remaining 28 percent is state owned and operated by Codelco.
Who owns the Escondida Mine in Chile?
BHP Billiton
Minera Escondida is owned by BHP Billiton (57.5%), Rio Tinto (30%), JECO Corporation (10%), and JECO2 LTD (2.5%). BHP Billiton operates Escondida and is the world’s largest natural resources company, with head offices in Australia.
How much money does Chile make from mining?
The mining sector accounted for more than 12 percent of Chile’s GDP in 2020 and generated 200 thousand direct jobs. Chilean mining exports added up to approximately 37 billion U.S. dollars that year, or over half the national export value.
How big is the Escondida mine?
3,100 metres
Escondida is a copper mine at 3,100 metres (10,200 ft) elevation in the Atacama Desert in Antofagasta Region, Chile.
How much do copper miners get paid in Chile?
Most large copper miners in Chile currently pay a flat, or invariable rate regardless of the price of the red metal, under agreements that run through 2023, according to Chile’s mining ministry. Official government statistics show miners currently pay 27% of pre-tax profits, in addition to other levies.
Could proposed royalty tax chill copper production in Chile?
But the country’s copper industry fears it could chill investment in world top copper producer Chile and drag on global supply. The bill proposes a base rate royalty of 3% on copper and lithium sales, as well as other metals.
What happened to the miners trapped in Chile’s San José mine?
After 69 days trapped deep in Chile’s San José copper mine, 33 miners, hauled from the depths one at a time, stepped out of the tiny capsule and into the embrace of a cheering world. Hugo Infante / Government of Chile
When was the first copper mine in Chile?
“Copper has been mined in Chile since about 500 B.C. The Incas were mining it,” says Sorensen. “The San José mine began producing copper—that is to say, someone found it and began to mine it—in the late 1800s.” On August 5, 2010, a cave-in blocked the mine’s main shaft in two locations.