• Short Summary

    Chile's production of cooper -- which accounts for eighty per cent of the country's export earnings -- rose to 616,000 metric tons in 1973.

  • Description

    Chile's production of cooper -- which accounts for eighty per cent of the country's export earnings -- rose to 616,000 metric tons in 1973. This is an increase of 23,000 tons over 1972. According to a government spokesman most of the increase took place in the last three months of the year -- that is, after the downfall and death of Marxist President Salvador Allende.

    Chile's main mining is the El Teniente complex some 130 kilometres (80 miles) south of the capital, Santiago. The ore, which has a cooper content of approximately 1.6%, is taken from shafts driven into the mountainside and the taken by electric railway to a concentrating plant some eight kilometres (5 miles) away. From there it is taken on to a smelting plant.

    The mines had belonged to the United States companies, Anaconda and Kennecott, but were nationalised by President Allende. The present military government is renegotiating thee terms for compensation but has not expressed any intention of returning he mines to the companies.

    Production figures for the first nine months of the year suffered badly from a strike during April, May and June. The strike was estimated to have cost the country a million U. S. dollars (approximately 400,000) a day.

    SYNOPSIS: A strike during April, May and June caused a slump in production at El Teniente.

    The strike is estimated to have cost Chile about a million dollars a day in lost export earnings. The copper miners -- traditionally a privileged group -- were one section of the workers who have less than whole-hearted support to President Allende.

  • Tags

  • Data

    Film ID:
    VLVAAVJOWZ817UHSCL9ACX2A3DHOT
    Media URN:
    VLVAAVJOWZ817UHSCL9ACX2A3DHOT
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    07/01/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:29:00
    Time in/Out:
    /
    Canister:
    N/A

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