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Chuquicamata

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Chuquicamata

Town in the region of Antofagasta, northern Chile, 200 km/124 mi northeast of the port of Antofagasta; population (1996) 20,000. Chuquicamata is one of the world's most important centres for the mining and processing of copper, and lies at an altitude of over 3,000 m/9,842 ft. The town provides at least 25% of Chile's total export income and half of Chile's copper output. The metal is extracted by open-cast mining techniques, which have created a chasm some 4 km/2.5 mi long by 2 km/1 mi wide, with a depth of 600 m/1,968 ft. Chuqui's 400 m/1312 ft deep pit is the world's largest.



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The family held sizable or controlling interests in some of the largest mines in the world, including Bingham Canyon, Utah; Braden and Chuquicamata, Chile; Kennecott, Alaska; Ray and Chino, Arizona; and Ely, Nevada.
CODELCO, the world's largest copper producer, will spend US$67 million to upgrade its Chuquicamata copper mining plant in northern Chile.
This shareholder support is in addition to that demonstrated in mid-2004 when Codelco accepted to temporarily revision of the tariffs to its Chuquicamata PPA in order to share the burden of the Argentinean gas crisis with its energy provider, Electroandina.
 
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