Copper $ 5.387 / lb 0.71%
Brent Crude Oil $ 61.46 / bbl 0.49%
Palladium $ 1553 / ozt 0.42%
Crude Oil $ 57.75 / bbl 0.43%
Natural Gas $ 4.207 / Btu 0.86%
Silver Futures $ 62.73 / ozt 1.14%
Aluminum Futures $ 2871 / ton 0.03%
Micro Gold Futures $ 4353.4 / ozt 0.54%
Micro Silver Futures $ 62.705 / ozt 1.06%
Platinum $ 1787.6 / ozt 1.32%
Gold Futures $ 4354 / ozt 0.55%
Go to MDC Markets

Codelco keeps $200 million in profits to revamp mines

Michael Allan McCrae | July 01, 2014 | 4:15 pm Base Metals Top Companies Latin America Copper 

Government-owned Codelco will keep $200 million from last year's profits to finance growth. Announced on Tuesday, the funds were granted by Chile's government, which must decide annually how much to fund the miner. Codelco turns over all profits to the...

Mining.com Recommends

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

Your Rankings.

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now