Resource News

The Chilean government has passed a law to aid state-owned copper miner, Codelco, according to Mining.com. The company will receive a special contribution of US$4 billion over the next four years.

The Chilean government has passed a law to aid state-owned copper miner, Codelco, according to Mining.com. The company will receive a special contribution of US$4 billion over the next four years.

As quoted in the publication:

Bachelet’s centre-left government has been taking a close look to the mining sector in a bid to support an industry that is crucial for the country’s economic growth. Authorities recently called a 60-day review of ministerial permitting processes, with a view to improving efficiency while still protecting the environment.

Codelco holds immense copper deposits, accounting for 9% of the world’s known proven and probable reserves and about 11% of the global annual copper output with 1.8 million metric tons of production.

Click here to read the full article.

Featured

MARKETS

Markets
TSX21205.16-69.41
TSXV900.87+10.01
DOW35028.65-339.82
S&P 5004532.76-44.35
NASD14340.26-166.64
ASX7332.50-76.30

COMMODITIES

Commodities
Gold1842.11+3.69
Silver24.20+0.11
Copper4.50+0.03
Palladium2028.50+48.00
Platinum1040.00+23.00
Oil86.55-0.41
Heating Oil2.60-0.03
Natural Gas4.00-0.03

DOWNLOAD FREE REPORTS

×