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.


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.


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%).