SANTIAGO – Codelco, Chile’s state-owned copper mining company, expects to more than double its current spending levels over the next two years in search of copper ore deposits across the country as well as abroad. In an increase of approximately 112%, spokesmen for the company have announced that the exploration budget for 2012 and 2013 [...]
SANTIAGO – Diego Hernández, the president of Codelco, yesterday stated there was currently not much room for dialogue with Anglo American, as the dispute over the 49% stake in Anglo Sur continues to be fought in court. “I don’t think there is room for dialogue at this time, we have to wait for the dust [...]
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SANTIAGO — Codelco has filed a lawsuit against Anglo American demanding they sell them 49 percent of the shares in Anglo American Sur S.A, and also asking that they pay what the state considers “damages caused by breach of contract,” including the dividends of the share they hope to acquire. “We will define the precautionary [...]
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An investigatory commission, to research and investigate the factors leading to the collapse of the San Jose Copper Mine, that trapped 33 Chilean Miners more than 700 meters below the surface, is due to commence operations today, Tuesday, the 24th of August. Head of the commission, Alejandro García-Huidobro, has promised that the commission members will [...]
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Quis custodiet ipsos custodes?¨ or ¨Who guards the guardians?¨ Is a famous old Latin maxim from Roman law and in this case it seems that it is an internal investigation by the Dirección Policial de Carabineros that has been responsible for bringing four of their own to justice. The quartet of carabineros stand accused of [...]
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The Chilean Foreign Secretary, Alfredo Moreno, has denied putting any pressure on Ecuador concerning its pivotal role in the ongoing Chilean–Peruvian maritime dispute. The topic of discussion is the sovereignty of an area at sea of approximately 37,900 km ² in the Pacific Ocean currently belonging to Chile, that sits opposite the two countries, and [...]
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This is one of those questions most people do not like to ask; but, considering the number of foreigners with assets in Chile it is definitely a question that needs to be asked more often. The answers however are complicated, and we wish to just give you a brief appreciation of how complicated. We strongly [...]
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