Codelco is the Chilean state owned copper mining company. It is currently the largest copper producing company in the world and produced 1.66 million tonnes of the metal in 2007, 11% of the world total. It owns the world's largest known copper reserves and resources.
"In our annual report we disclose all of our tax and royalty payments to the Chilean government. We are an EITI Supporting Company and we encourage the transparency embedded in the EITI Principles to create a level playing field.” - Juan Pablo Schaeffer, General Manager Corporate Affairs and Sustainability, Codelco