Codelco Snapshot
Codelco is a different kind of high-energy copper top. State-owned Corporación Nacional del Cobre de Chile (Codelco) is one of the world's top producer of copper (along with Freeport-McMoran Copper & Gold and others), controlling some 122 million tons of known copper reserves and mining around 1.7 million tons of copper annually. Among the companies Codelco sells to are units of such diverse multinational giants as LG (South Korea), Outokumpu (Finland), Southwire (the US), and Wieland Werke (Germany). It is also a major producer of molybdenum (used for ferroalloys). Codelco's joint development partners on projects include the Canadian gold producer Barrick and the Mexican miner Industrias Peñoles.