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Topic: Codelco


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  Codelco   (Site not responding. Last check: 2007-10-12)
Codelco (full name in Spanish: Corporación Nacional del Cobre, Chile) is a Chilean 100 percent state-owned company and the largest copper producer in the world with recorded copper reserves of 200 years.
Codelco's history begins with Law 11,828, of May 5, 1955, that created the "Copper Office" (Departamento del Cobre) of the Chilean government, approved under President Carlos Ibáñez del Campo.
The creation of the Corporación Nacional del Cobre de Chile, as it is currently known, was formalized by decree of April 1, 1976, under the Pinochet regime.
www.tocatch.info /en/Codelco.htm   (340 words)

  
 Policy / Sustainable development / Codelco
The mission of Codelco is to develop in a responsible and agile way, all of its capacity for the mining and related businesses, in order to maximize its economic value and its contribution to the Chilean State in the long-term.
The commitment of Codelco with sustainable development and social responsibility is an integral part of its business project, since it fosters increased competitiveness and facilitates achieving the benefits that the Corporation seeks in the medium and long-term.
Codelco Chile is committed to a business administration that protects the physical integrity, the health and quality of life of its employees, of its direct collaborators and that of other persons that could be affected by its operations.
www.codelco.cl /english/desarrollo/politicas.asp   (1160 words)

  
 http://potato/ethics/Countries/Chile/firm.html
In this sense, Codelco, along with the participation of its workers and their union organizations, is trying to foster a competitive environment with ethical practices that includes management and employees.
Codelco has set itself the strategic goal of becoming a pro-active company in terms of its relationship with the environment in the regions where its deposits are located.
Codelco’s new vision is evident in the strategy being used to eliminate the camp at Chuquicamata as the center where workers and their families live, and to encourage their eventual integration into life in the city of Calama.
www.pitt.edu /~ethics/Chile/firm.html   (1311 words)

  
 History / Corporación Nacional del Cobre de Chile / Codelco / historia
Codelco´s history begins with the constitutional reform that nationalized copper, on july 11th 1971.
This allowed the government to legally decide the organization, operation and administration of the nationalized companies and it also established that the faculty to dispose of rights or operate a mining concession could only be exercised on new deposits that were not already being mined or authorized by the law.
Codelco Chile was born as a State company that grouped the existing deposits in one mining, industrial and commercial Corporation, with official address in Santiago.
www.codelco.com /english/la_corporacion/historia.asp   (869 words)

  
 News @ Cisco: Chile's Codelco, the World's Largest Copper Producer, Uses Cisco Wireless Technology in Its Mines
Codelco is the main copper producer in the world.
In 2000, Codelco workers committed to a goal of doubling the company's value and consolidating its world leadership as a copper producer by 2006, within the framework of a program known as the Enterprise Common Plan (PCE in Spanish).
The incorporation of new technologies into the mining processes and the efforts of Codelco's more than 17,000 workers are the key to fulfilling the objective of doubling the company's value.
newsroom.cisco.com /dlls/2004/ts_122704.html?CMP=ILC-001   (947 words)

  
 BW e.biz--2/22/00--Company Closeup: Chile's Copper Giant Finds Gold on the Web
Codelco was created in the early 1970s from a patchwork of companies nationalized from their former U.S. owners.
Despite remaining in government hands, Codelco is the most efficient copper producer in the country, boasting a cost of 45 cents per pound to extract the ore. Not bad when copper is at around 70 cents, as it is now, and even better when the metal trades above a dollar, a more typical world price.
Codelco's technology team is still calculating cost savings, but so far the new system has clearly expanded the universe of suppliers, driving down the price of supplies in many cases.
businessweek.com /ebiz/0002/ec0222.htm   (1188 words)

  
 FT.com / MARKETS / Commodities - Codelco seeks copper-bottomed deal   (Site not responding. Last check: 2007-10-12)
Codelco, the world’s largest copper producer, faces the prospect of strike action later this year as workers seek to share the benefit of high copper prices, executive president Juan Villarzú told the Financial Times.
Codelco plans to raise copper output from 1.7m tonnes in 2006 to 2.6m tonnes per year by 2012 through a $12bn expansion plan.
Codelco’s equity value to the Chilean government has doubled from $13bn in 2000 to between $24.5bn and $27.5bn in 2005, according to a study by investment bank Goldman Sachs.
www.ft.com /cms/s/4ca3fc44-98e1-11da-aa99-0000779e2340.html   (835 words)

  
 globeandmail.com : globeinvestor.com : Fitch Assigns Codelco's Proposed Notes Due 2036 'A'
Codelco's financial profile is strong and is consistent with the assigned ratings category on a stand alone basis.
Codelco is Chile's state copper company, is engaged in the mining, smelting and refining operations of copper, molybdenum and other sub-products.
Codelco is the largest copper and molybdenum producer in the world, with approximately 1.8 million tons per year of copper and 36.5 thousand tons per year of molybdenum, equivalent to 15% and 19% of the western world's production, respectively.
globeinvestor.com /servlet/story/BWIRE.20061018.20061018005901/GIStory   (880 words)

  
 Codelco
Codelco is the number one copper producer in the world, possessing 25% of the world’s red metal reserves.
The Codelco communications staff was also looking for a content management solution that provided a simpler user interface than their current CMS system in hopes of removing the IT bottleneck.
Codelco’s Web project took approximately 5 months to implement, along with a collaboration with a major Web design.  The Codelco project is part of an intranet site, "Media Center", a News center that is available for employees and the Codelco community.
www.reddot.de /referenzen_codelco.htm   (389 words)

  
 Codelco - Free Market News Network
The establishment of this alliance takes place in the 20th anniversary of the privatization of NTT, a milestone that the Japanese giant is celebrating with the NTT Expo at the Tokyo Internacional Forum, a public display of NTT’s future vision through its most successful advanced technology projects.
An NTT developed pollen sensor used in the Tokyo metropolitan area to alert allergic people was adapted to this open pit mining operation to measure in a precise way the particle material generated by the dynamite rock explosions and the transit of heavy trucks and machinery.
While it will allow Codelco access to new technology solutions for the continuous improvement of its operational efficiency which are not available in today’s market, thus contributing to sustain the company’s worldwide leadership in the mining sector.
www.freemarketnews.com /Press-Release.asp?nid=729   (619 words)

  
 www.mineweb.net | sections | whats new Codelco denies involvement in political scandal   (Site not responding. Last check: 2007-10-12)
Among the relatives mentioned in the Nationall Renewal report are the daughter of the national public prosecutor, and the son of the economic minister.
However, an angry Codelco accused the UDI of "systematic theft of confidential [Codelco] information." In a recently issued news release, Codelco claimed that "Congressional al representatives of the UDI Party, turned accessories, have misused this information to discredit the company.
All Codelco contracts are submitted to the Auditing Committee of the Board of Directors, the company stated, adding that it may underwrite contracts with third parties without any other restrictions.
www.mineweb.net /sections/whats_new/457446.htm   (650 words)

  
 Sogemin Metals
From the outset of the trading relationship between Codelco and SML in 1990 and continuing through January 1994, Codelco's trading activities were directed by Davila, the manager of its futures department.
Although Codelco and Enami were aware that SML was compensating Serneg, Codelco and Enami were never informed of the family connections that existed between the heads of their futures departments and the principals of Serneg.
SMI failed to disclose to Codelco and Enami material facts concerning the commission arrangements associated with their trading, in particular the family relationships between the principals of Serneg, BTFS and BTFSL and the head traders at Codelco and Enami.
www.cftc.gov /enf/00orders/enfsogemin.htm   (3606 words)

  
 globeandmail.com : globeinvestor.com : Chile's Codelco denies silver IPO report
Codelco, which produces some 1.8 million tonnes of copper a year, produced 9.6 million ounces of silver in 2004 according to an estimate by the Silver Institute in Washington.
Codelco does not publish silver production data, because the silver it produces is a by-product of copper.
Codelco's first mainly silver project, the Puren mine, is to enter production this year.
www.globeinvestor.com /servlet/story/ROC.20060227.2006-02-27T184402Z_01_N27245839_RTRIDST_0_BUSINESS-MINERALS-CHILE-CODELCO-COL/GIStory/'   (490 words)

  
 www.mineweb.net | base_metals Codelco’s Andina copper mining division approves new contract   (Site not responding. Last check: 2007-10-12)
The Escondida dispute was considered a benchmark for Codelco’s negotiations for its copper mines.
The mega-copper miner must now commence negotiations with workers at its Codelco Norte Division, whose Chuquicamata mining complex and Radomiro Tomic mine produce a combined 964,930 tonnes of cathodes annually, along with 26,826 tonnes of molybdenum.
Codelco, Anglo American, Phelps Dodge and Barrick, along with 16 other mining companies, have met twice with Chile’s Energy Minister to discuss investment in low energy usage technology and production process optimization.
www.mineweb.net /base_metals/268864.htm   (543 words)

  
 Codelco - Latinoamérica - Cisco Systems   (Site not responding. Last check: 2007-10-12)
Codelco, el principal productor de cobre del mundo y una de las mayores empresas de Chile, utiliza tecnología inalámbrica de Cisco para conectarse en sus minas.
Codelco opera a través de sus divisiones encargadas de la explotación de yacimientos repartidos en el país, el procesamiento de los minerales y la obtención del metal y sub productos para exportar a los mercados mundiales.
En la División Andina de Codelco -ubicada a 80 kilómetros al noreste de Santiago de Chile, entre 3.700 y 4.200 metros sobre el nivel del mar- existe una mina subterránea iluminada con esta tecnología.
www.cisco.com /global/LA/LATAM/sne/pc/fecha/2004/codelco2.shtml   (1461 words)

  
 Chile's copper king: despite low commodity prices, Codelco CEO Marcos Lima opens up production, beats the world market ...
And that was to be able to stop Codelco from going into the red and at the same time generate enough profits to finance the armed forces," Lima says.
As well as overseeing his emergency plan at Codelco, Lima criss-crossed the globe in a relentless crusade to promote use of the metal, which is being challenged by fiber-optic technology in telecommunications and fllisted by environmental groups in Europe and the US.
Codelco now has an exploration joint venture in Mexico and has been in talks with CVRD in Brazil.
findarticles.com /p/articles/mi_m0OQC/is_3_1/ai_100409337   (961 words)

  
 Forbes.com: TEXT-Moody's assigns CODELCO A2 foreign currency rating   (Site not responding. Last check: 2007-10-12)
CODELCO's ownership by the Chilean government and the framework under which the company operates is also a factor in the rating.
The foreign currency rating for CODELCO considers the probability of a sovereign foreign currency default implied by the government's Baa1 foreign currency rating and the small likelihood that, in the event of such a default, the government would impose a general foreign currency payments moratorium.
To the extent CODELCO significantly increases the composition of debt in its capital structure to fund such investments, its A2 foreign currency rating could be negatively impacted.
www.forbes.com /markets/newswire/2003/10/06/rtr1100970.html   (777 words)

  
 SAP - Codelco Optimizes Corporate Management with the mySAP.com® E-Business Platform
In fact, some of the most strategic goals of the implementation are to consolidate Codelco’s leading position as the largest producer of copper in the world while preserving it as one of the most competitive and cost efficient companies in the industry and further increasing its contributions to Chile’s fiscal growth.
Codelco’s vast business, which includes copper exports that represent more than 18 percent of total exports generated by Chile and account for approximately 4 percent of the Gross National Product (GNP) and 8 percent of the country’s total fiscal income, requires a robust technological system to support it.
The implementation plan defined by Codelco is based on its recently launched IT plan, in which managers and business areas have been asked to identify the technological priorities of each line of business and how the mySAP.com business application suite can contribute to resolve each of those needs.
www.sap.com /company/press/press.epx?pressID=1378&query=portal   (1047 words)

  
 Codelco tries to balance supply with demand - 5/1/2003 - Purchasing   (Site not responding. Last check: 2007-10-12)
Codelco of Chile will be accumulating its own stock without curbing output in an attempt to regulate bloated global inventories.
"Codelco is not going to put that copper back into the market until world stocks decrease to 800,000 metric tons," he says.
Codelco's innovative stockpiling—in an industry where miners and smelters usually put all they can into the spot or futures markets to generate cash—is getting mixed reviews from industry analysts.
www.purchasing.com /article/CA294491.html   (501 words)

  
 Codelco - México - Cisco Systems
Codelco, principal productor de cobre en el mundo
Codelco es el principal productor de cobre del mundo.
Es por eso que Codelco apuesta por wireless y quiere incorporarla en sus procesos productivos y de modernización.
www.cisco.com /mx/sne/pc/tecnologia/wireless/codelco2.shtml   (1474 words)

  
 Mayor sindicato de Codelco Norte espera oferta | terra
SANTIAGO (Reuters) - El mayor sindicato de Codelco Norte, la división más grande de la gigante estatal chilena del cobre Codelco, dijo el martes que está a la espera de recibir una oferta anticipada de la firma sobre sus nuevos contratos, que luego evaluará para iniciar una negociación.
Las negociaciones de Codelco siguen a los 25 días de huelga en Escondida, la mayor mina de cobre del mundo, en agosto.
Codelco es la mayor productora mundial de cobre y produce cerca de 1,8 millones de toneladas del metal por año, entre sus cinco divisiones.
www.terra.com /noticias/articulo/html/act639832.htm   (549 words)

  
 Renseignements internationaux - Codelco to award Gaby Sur feasibility - Chile   (Site not responding. Last check: 2007-10-12)
Chile's state copper corporation Codelco is calling for tenders to carry out feasibility studies for its US$600mn Gaby Sur copper-oxide deposit in the country's northern Region II.
Codelco is weighing Gaby Sur up as an open-pit, SX-EW operation with a 170,000t/y initial capacity, with production beginning in 2005.
Codelco is the largest copper producer in the world, operating five mining divisions: Chuquicamata, Radomiro Tomic, Salvador, Andina and El Teniente.
strategis.ic.gc.ca /epic/internet/inimr-ri.nsf/fr/gr105940f.html   (472 words)

  
 Bloomberg.com: Latin America
Codelco will increase investment to $1.7 billion this year from $1.2 billion last year, and will probably sell bonds to help fund that spending, Villarzu said.
Codelco's production, which reached 1.724 million tons in 2005, will slip to 1.7 million this year and to 1.66 million in 2007, before rising in 2008 as the company opens a new mine, Villarzu said in January.
Codelco made $4.9 billion before taxes last year, he said.
www.bloomberg.com /apps/news?pid=10000086&sid=aeNLgwTxvGzE&refer=latin_america   (720 words)

  
 Forbes.com: Codelco costs up but profits unaffected-gov't   (Site not responding. Last check: 2007-10-12)
A senior Codelco official, in an interview published in the influential El Mercurio newspaper on Friday, said production costs would increase by 1.5 cents per lb in 2003 due to declining copper content in ore currently being mined.
Codelco reported a cash cost of 42.2 cents per lb in the first quarter from 41.3 cents a year earlier.
Codelco is seen back on track to meet cost targets in 2004.
forbes.com /technology/futuretech/newswire/2003/07/04/rtr1019346.html   (467 words)

  
 Mining Company To Move $1B In Spending To Procurement Exchange - News by InformationWeek   (Site not responding. Last check: 2007-10-12)
Codelco will use E-sourcing software from Emptoris to make the move to the metals exchange Quadrem International.
Codelco, the world's largest copper mining company, needs to automate the sourcing and procurement of multimillion-dollar mining machinery that's central to its business.
But German Sandoval, Codelco's E-business manager, says the process of buying from catalogs is ill-suited to his business and to the culture of Chile.
www.informationweek.com /story/IWK20020327S0006   (358 words)

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