Chile announces $1 bln in capitalization for state miner Codelco

Reuters

Fri, Jun 29, 2018, 11:01 AM

SANTIAGO, June 29 (Reuters) - Chile's government will inject state-owned copper miner Codelco with $1 billion in "extraordinary" capitalization as an additional boost to the company's ambitious plans to overhaul its aging mines, Finance Minister Felipe Larrain said on Friday.

Codelco, the world's top copper miner, returns all of its profits to the state and is funded by a mix of capitalization and debt. (Reporting by Dave Sherwood Editing by Chizu Nomiyama)

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
Fortune•1d ago
Warren Buffett Says 'When It Rains Gold, Put Out The Bucket' And This High Yield Investment Is Making It Rain
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
Benzinga•20h ago
If I Had to Construct a Portfolio of Just 5 ETFs, Here's Exactly What I'd Buy Right Now
It's possible to construct a winning long-term investment strategy with just low-cost index funds.
Motley Fool•4h ago
The US economy may be barrelling towards stagflation, an outcome worse than recession
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.
Business Insider•10h ago
1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club
The combination of artificial intelligence (AI) and cybersecurity is a match made in heaven.
Motley Fool•5h ago
Rooting for Trump to fail has made his stock shorters millions
Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Trump Social itself.
Associated Press Finance•9h ago
Stock market today: US futures jump, fueled by stellar Alphabet, Microsoft earnings
Stellar earnings from the 'Magnificent Seven' duo have reignited optimism for a rally, but the PCE inflation print could put a spoke in the wheel.
Yahoo Finance•25m ago
Fed's favorite inflation gauge shows price increases remained sticky in March
The March reading comes as investors have continued to scale back their expectations on when the Federal Reserve will cut interest rates in 2024, if at all.
Yahoo Finance•39m ago
1 Unstoppable Artificial Intelligence (AI) Stock to Buy and Hold Forever
This company should continue to make millionaires, just as it has over the past two decades.
Motley Fool•2h ago
Here's Why This Nvidia Partner's Stock Soared More Than 20% This Week
Data center equipment spending is being driven by AI-related investment.
Motley Fool•29m ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Chile announces $1 bln in capitalization for state miner Codelco

Recommended Stories

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

Warren Buffett Says 'When It Rains Gold, Put Out The Bucket' And This High Yield Investment Is Making It Rain

If I Had to Construct a Portfolio of Just 5 ETFs, Here's Exactly What I'd Buy Right Now

The US economy may be barrelling towards stagflation, an outcome worse than recession

1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

Rooting for Trump to fail has made his stock shorters millions

Stock market today: US futures jump, fueled by stellar Alphabet, Microsoft earnings

Fed's favorite inflation gauge shows price increases remained sticky in March

1 Unstoppable Artificial Intelligence (AI) Stock to Buy and Hold Forever

Here's Why This Nvidia Partner's Stock Soared More Than 20% This Week