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cheapbag214s
Posted: Mon 20:32, 15 Jul 2013
Post subject: Codelco reports higher Jan-spun5
Codelco reports higher Jan,
http://minomusi.blogdns.com/blog/2013/05/post-537.php#comments
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SANTIAGO,
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, Chile (AP) - Chile state-owned mining company Codelco said Thursday its January-September profits rose 27 percent over the same period last year,
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, boosted through the settlement of the long-running feud with British miner Anglo American Plc over control of a promising copper mine.
The planet largest copper company said Thursday it earned $6,
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.77 billion before taxes versus $5,
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.32 billion in the same period a year ago,
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Leader Thomas Keller told reporters the miner produced 1.188 million metric a lot of copper,
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, 5 percent under the 1.25 million metric tons last year because of dwindling ore grades.
Codelco is involved with ambitious domestic expansion plans,
http://www.uz-web.jp/blog/archives/2010/12/20101205.html#comments
,
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,
http://utel.jp/792-8939/blog/2013/03/post-635.html#comments
, for example turning the planet largest open-pit copper mine into an underground operation that would extend its life by a lot more than Half a century. Codelco says Chuquicamata continues to have much more to give,
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http://fukumoto.sakura.ne.jp/blog/uta-kata/2009/11/arduinoled-alarm-timer.html#comments
, with reserves comparable to about 60 % of all the copper exploited within the mine history still buried deep beneath the crater.
Codelco and Anglo American settled their conflict in August with a multi-billion dollar deal,
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. The Chilean miner had sued to enforce a choice to purchase 49 percent of the Anglo American Sur subsidiary with financing from Mitsui Co,
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,
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. after Anglo American sold a fourth of its Chile subsidiary to Mitsubishi Corp. instead,
http://www.ogidai.com/06/0601/post_132.html#comments
,
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.
The settlement leaves Anglo American having a controlling 51 percent stake,
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, Codelco with 24.5 percent,
http://www.morotohoken.com/blog/2013/07/post-253.html#comments
,
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, Mitsubishi with 19.5 percent and Mitsui with 5 percent. The deal helped Codelco increase its holdings at a discount,
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, and both Japanese companies now have a company foothold in Chile..
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