|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Chile

Kazakhstan, Chile’s Codelco Sign Cooperation Memorandum to Exploit Copper

ASTANA – The Chilean National Copper Corporation (Codelco) signed a cooperation memorandum on Tuesday with the National Geological Exploration Company Kazgeology in Astana to exploit copper.

“We are looking for new copper resources all over the world, in some specific areas, and from our point of view, Kazakhstan is really interested,” Codelco mining resources and development vice president Jose Pesce told EFE.

The memorandum aims to begin joint Kazakh-Chilean projects and an exchange of technology, Pesce said.

Kazgeology president and CEO Galym Nurzhanov told EFE that the joint project needs information exchange first to negotiate a specific project.

The document was signed during the 25th anniversary of the World Mining Congress, which was inaugurated on Tuesday in Astana with the participation of 2,000 representatives from 50 different countries and 300 companies.

According to Kazakh Minister of Investments and Development Zhenis Kassymbek, of the 110 elements in the periodic table, 99 have been discovered in Kazakhstan, of which 70 are being explored for and 60 extracted.

Kassymbek said that the mining and metallurgical industry accounts for about 7 percent of the gross domestic product (GDP), 23.5 percent of industrial production and 23 percent of exports.

Codelco is the main global producer of copper, earning a $2.88 billion profit in 2017, up nearly sixfold from 2016.

The state-owned Chilean company posted a profit of $537 million in the first quarter of this year, up 0.60 percent, compared to the same period in 2017.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved