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Codelco keeps $200 million in profits to revamp mines

Michael Allan McCrae | July 01, 2014 | 4:15 pm Base Metals Top Companies Latin America Copper 

Government-owned Codelco will keep $200 million from last year's profits to finance growth. Announced on Tuesday, the funds were granted by Chile's government, which must decide annually how much to fund the miner. Codelco turns over all profits to the...

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