Codelco: the copper company with the largest growth in production in the world

According to the study, the Chilean state-owned company increased its production more than any other in the world during 2009. The company is already planning new projects for 2010.

codelcolaempresacupríferaquemáscrecióenelmundo550x290thisischile

The Chilean Central Bank reported that the local
economy recorded a trade surplus of US$1.08 billion during the month of
November. This figure reflects the healthy state of the Chilean economy,
contrasting with the US$252.4 million achieved in November 2008.

 

The positive numbers are explained in large part by
exports, which reached US$4.99 billion in October of this year, an increase of
25.9% with regard to the same period last year. In turn, imports stood at US$3.84
billion, corresponding to an increase of 5%.

 

Chile’s trade balance has thus accumulated a positive balance
of US$11.72 billion between January and November 2009, representing an increase
of 29.74% in comparison with the US$9.03 billion recorded during the same
period in 2008.

 

Last year Chile’s trade balance closed at a
positive figure of US$10.16 billion, 57% less than the US$23.65 billion
achieved in 2007.

 

Deflation continues

Another economic datum is provided by the National
Statistics Institute (INE – Instituto Nacional de Estadísticas), which
indicated that inflation decreased by half a percent in November, representing
the seventh drop in the year. With this result, Chile’s has accumulated a decline
of 1.1% in its inflation for the year so far.

 

The
largest decreases in prices, as reported by INE, are in Lodging, Water,
Electricity, Gas and Other Fuels (-1.7%) and Clothing and Footwear (-2.8%).