- Codelco takes $200 million hit.
Reining in a trading desk has become as important as managing market risk, as some companies have discovered in recent years. The Chilean state copper company, Corporacion National Del Cobre de Chile (Codelco), has become the latest victim of a derivatives desk gone wild. When the world's largest copper producer ......
- WEALTH THROUGH OWNERSHIP: CREATING PROPERTY RIGHTS IN CHILEAN MINING
In 1971, Chile's president Salvador Allende, a Marxist, got congressional approval for a constitutional reform that gave the state "absolute, exclusive, inalienable, and imprescriptible" ownership of all mines, with the declared aim of confiscating four large copper companies belonging to U.S. companies without paying proper compensation. Soon after, the government ......
- Caterpillar Achieves Truck Milestone
Caterpillar recently produced its 5,000th mining truck. Fittingly, the largest and newest of the Caterpillar mining trucks, the 380-ton-capacity 797B, is number 5,000. Caterpillar reaches the milestone only 20 years after producing its first large mining truck — defined by Caterpillar as those models with a payload capacity of 130 ......
- Codelco tries to balance supply with demand
The world's top copper producer has reaffirmed its decision to withhold 200,000 metric tons of raw metal from the market this year. Codelco of Chile will be accumulating its own stock without curbing output in an attempt to regulate bloated global inventories. The goal: Restore balance to a marketplace badly ......
- Identify the Key & Niche Companies Active in the World's Selenium Industry.
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c52559) has announced the addition of Selenium - Global Strategic Business Report to their offering. This report analyzes the worldwide markets for Selenium in Metric Tons. The specific end-use segments analyzed are Glass Manufacturing, Metallurgy, Chemicals, Electronics, Pigments, and Others including Agricultural Feeds. The ......
- OC exporters may finally see free trade with Chile
Orange County companies doing business with Chile have been waiting seven years for South America's most advanced economy to join the North America Free Trade Agreement. Now they're betting their waiting days are numbered. "Chile will be the next country added to NAFTA," asserted Jorge Gonzalez, Beckman Coulter Inc.'s director ......
- Banco de Chile lists ADRs in New York
HEADNOTE THE AMERICAS Banco de Chile, the largest private sector bank in Chile, has launched an American depositary receipt facility on the New York Stock Exchange. The bank commands a 20% market share in Chile's financial system following its merger earlier this year with Banco de A. Edwards. The merger ......