Finance Minister meets with Codelco chairman to discuss company results and challenges

Máximo Pacheco, Chairman of the Board
Máximo Pacheco, Chairman of the Board - Codelco
0Comments

The Chairman of the Board of Codelco, Máximo Pacheco, met with Finance Minister Jorge Quiroz on March 31 to discuss the company’s recent results, ongoing challenges, and future development plans.

Codelco is a key player in Chile’s economy. The meeting highlighted the importance of coordination between economic authorities and the country’s main state-owned enterprise.

During their discussion, Pacheco presented his perspective on Codelco’s strategic role in the national economy. He also reported on progress in operations, structural projects, and partnerships with third parties. Both officials reviewed topics that will be addressed at the upcoming Shareholders’ Meeting scheduled for April 20. At this event, both the Ministers of Finance and Mining are formally briefed on Codelco’s situation as representatives of the President.

Afterward, Minister Quiroz said he valued the visit and found it very informative.

Pacheco said: “It was a very good working meeting. We discussed Codelco, its results, its challenges, and what the next Shareholders’ Meeting will entail. It is very important to have these opportunities to thoroughly review the company’s situation and its projections.”

He added: “Codelco is a strategic company for Chile, making a very significant contribution to the country, its economy, and public finances. Therefore, we appreciate the minister’s interest in learning more about our progress and the challenges we face going forward.”

The meeting reaffirmed how vital it is for economic authorities to work closely with major state enterprises like Codelco.



Related

Jorge Antonio Jácome Pólit General Manager at Corporación Eléctrica del Ecuador

CELEC restores Sopladora Hydroelectric Plant to full capacity after technical repairs

The Sopladora Hydroelectric Plant has been restored to full capacity after repairs by CELEC EP. This follows extensive work on one of its main generation units damaged in July 2023.

Magda Chambriard President

Petrobras announces new hydrocarbon discovery in pre-salt Campos Basin waters

Petrobras has discovered hydrocarbons in deep waters off Rio de Janeiro’s coast within the pre-salt Campos Basin. The company will analyze samples from well 1-BRSA-1404DC-RJS to assess reservoir potential while continuing exploration efforts with partner bp.

Ruben Alvarado Vigar, CEO

Codelco expands lawsuit in Belarusian Doll case to include new evidence and defendants

Codelco has broadened its lawsuit in the ‘Belarusian Doll’ case with new evidence implicating additional defendants for alleged bribery and money laundering. The updated legal action targets specific individuals involved in past litigation between Codelco and Belaz Movitec Consortium. The company says it will keep supporting ongoing investigations.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Latin Business Daily.