Editing Codelco (section)

==The company==
{{Location map+|Chile|float=right|width=200|caption=Location of Codelco's copper mines and its former custom smelter [[Fundición Ventanas]] closed in 2022. Note that Codelco own more copper smelters but these are usually integrated within the mines.|places=
<!-- North-East-->
{{Location map~|Chile|lat=-21.9205 |long=-68.8333 |label=[[El Abra mine|El Abra]]|position=top|mark=Gruva.svg}}
{{Location map~|Chile|lat=-22.305461 |long=-68.902242 |label=[[Chuquicamata]]<br>[[Radomiro Tomic mine|R. Tomic]]<br>[[Ministro Hales|M. Hales]]|position=left|mark=Gruva.svg}}
{{Location map~|Chile|lat=-23.406457 |long=-68.820915 |label=[[Gabriela Mistral mine|G. Mistral]]|position=right|mark=Gruva.svg}}
{{Location map~|Chile|lat=-26.241667 |long=-69.557222 |label=[[El Salvador mine|El Salvador]]|position=right|mark=Gruva.svg}}
{{Location map~|Chile|lat=-33.151606 |long=-70.282889 |label=[[Río Blanco mine|Río Blanco]]|position=right|mark=Gruva.svg}}
{{Location map~|Chile|lat=-34.087778 |long=-70.3875 |label=[[El Teniente]]|position=right|mark=Gruva.svg}}
{{Location map~|Chile|lat=-32.76145 |long=-71.482077 |label=[[Fundición Ventanas|Ventanas]]|position=left|mark=Observation tower symbol FLC 2.svg}}
}}
Codelco consists of research, exploration, acquisition and development departments.  It has five principal operating divisions, Codelco Norte, Salvador, Andina, Ventanas and El Teniente, and a 49% interest in the El Abra Mine.  It has several other potential mining operations under exploration and development including the Alejandro Hales, Gaby/Gabriela Mistral, the Toki Cluster, Mocha, and Casualidad projects.  All excess profits go to the government, including a 10% tax on foreign currency sales (Law 13,196).  In 2007 Codelco paid US$7.394 billion to the Chilean Treasury.   Codelco has negotiated a 7-year US$3.0 billion syndicated loan which, with the US$1.96 billion in cash and cash equivalent at the end of 2007<ref>{{Cite web |url=http://www.codelco.cl/english/la_corporacion/memorias/memoria2007/pdf/CodelcoInstitucional07english.pdf |title='' 2007 Cash Flow Statement'' |access-date=2008-08-12 |archive-date=2011-07-07 |archive-url=https://web.archive.org/web/20110707010544/http://www.codelco.cl/english/la_corporacion/memorias/memoria2007/pdf/CodelcoInstitucional07english.pdf |url-status=dead }}</ref> leaves the corporation well placed to finance the several new projects that it is investigating.