VOICED : Codelco revierte numeros rojos y gana 500 millones de dolares

In 2016, CODELCO, the world's largest copper producer, successfully reversed its financial losses by reducing costs by 9%. This led to a significant increase in revenue, allowing the company to exceed its financial goals by 74%, despite an 11% drop in copper prices. CODELCO's efforts resulted in a recovery from a $1.3 million loss in 2015, bringing satisfaction and pride to the company. Chile, with CODELCO's contribution, remains a leading force in global copper production, accounting for nearly a third of the world's supply.

What was the key factor that helped CODELCO report a surplus in 2016?

• Expansion of mining operations

• Increase in copper prices

• Reduction in operational costs

• Government subsidies

By what percentage did CODELCO reduce its costs in 2016?

• 11%

• 9%

• 15%

• 5%

How much did CODELCO's financial situation improve in 2016 compared to 2015?

• By $1,300,000

• By $500,000

• By $500,000,000

• By $1,300,000,000

What percentage of the world's copper production is attributed to Chile?

• 40%

• 30%

• 20%

• 10%

How many tons of copper does Chile produce annually?

• 6.6 million tons

• 5.6 million tons

• 4.6 million tons

• 3.6 million tons