Codelco, or the Corporación Nacional del Cobre de Chile, is a state-owned copper mining company based in Chile. Founded in 1976, it is one of the largest copper producers in the world, contributing significantly to the country's economy. Codelco operates several mines, including the famous Chuquicamata and El Teniente, which are known for their vast copper reserves. The company plays a crucial role in the global copper market, supplying a substantial portion of the world's copper needs. Codelco is committed to sustainable mining practices and invests in technology to improve efficiency and reduce environmental impact.