Compañía de Acero del Pacífico explained

Compañía de Acero del Pacífico S.A.
Type:Sociedad Anónima
Foundation:1946
Location City:Santiago
Location Country:Chile
Key People:Roberto de Andraca, (Chairman)
Jaime Charles Coddou, (CEO)
Industry:Mining & Siderurgy
Products:Iron & Steel
Revenue: US$ 2.4 billion (2012)
Net Income: US$ 327.5million (2012)
Num Employees:4,067
Homepage:www.cap.cl

The Compañía de Acero del Pacífico, also known by its acronym CAP, is the main iron and steel industry of Chile with its main facilities at Huachipato near the port of Talcahuano in Bío Bío Region.

As result of Allende's nationalization of the mining industry in the early 1970s Compañía de Acero del Pacífico obtained ownership of the iron mine of El Tofo and El Romeral.[1] Later the ownership of this mine passed to Compañía Minera del Pacífico as it was privatized during the Pinochet dictatorship.[2]

Notes and References

  1. AUGUSTO MILLAN, Historia de la minería del hierro en Chile. Santiago, Editorial Universitaria, 1999, 220 páginas. . . Couyoumdjian . Juan Ricardo . 33 . 10.4067/S0717-71942000003300012 . 2000 . 529–532 . Spanish. free .
  2. Web site: Historia de la mina de hierro El Tofo. 2019-12-01. Museo Histórico Gabriel González Videla. Servicio Nacional del Patrimonio Cultural. Spanish.