Codelco facts for kids
|Revenue||US$ 16.0 billion (2010)|
Number of employees
It was founded in 1955 like the Copper Office. In 1966, under President Eduardo Frei Montalva, the Copper Office changes the name to Copper Corporation of Chile (Codelco). It was nationalized on July 11, 1971 under Salvador Allende. In 1976 was created the Corporación Nacional del Cobre de Chile under the Augusto Pinochet administration.
Considering the size of installations and volume of production, it is considered one of the largest mining companies in the world.
- Chilean Nationalization of Copper
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Codelco Facts for Kids. Kiddle Encyclopedia.