Statistics

Cochilco has increased from 13 in 2005 to 22 in 2007 the quantity –and quality- of its audits of both Codelco and Enami.

 

CODELCO & ENAMI AUDITS (2007)
1. Follow-up on implementation of previous audit recommendations
2. Futures Market Issues
3. Contracts
4. Environmental Management
5. Cost Containment Plans
6. Money Market Desks
7. Investment Funds Allocation
8. Internal Audit Systems
9. Litigation Follow-up and Control
10. Goods and Services Acquisition and Contracting
11. Subsidiary Management
12. Physical Inventory Management
13. Production Development Programs
14. Market Placement Processes
15. Specific Investment Projects
16. Labor Regulations Compliance

CODELCO
In the 2007 investment period, Cochilco and Mideplan recommended 234 Codelco projects worth US$4,128 million, of which US$1,705 million were to be invested in the period.

For the 2008 investment period, Cochilco and Mideplan have recommended 208 Codelco projects worth US$3,678 million, of which US$1,281 million are to be invested in 2008. Leading projects include construction of the new Gaby mine and Phase I of the Andina Development Plan.

ENAMI
Some 12 projects, including US$6.5 million to be invested in 2008, have been recommended. Chief among these is expansion from 400 to 800 TPM of the Salado Plant SX-EW cathode facility. This project alone accounts for 83 percent of recommended investment amounts for 2008.