[TChad]

From comments at the link:

smart rock • 2 days ago

Amazing. And it's owned by the Chilean state. A triumph of public enterprise.

• Reply •

Scot > smart rock • an hour ago

You mean a triumph of public theft. The Chilean mines were originally developed and run by an American company called Braden Copper Company for 60 years. The Chilean government completely nationalized the mines by 1971.

There are many other examples of governments letting private companies develop a resource after which they take it.

The Saudi Arabian oil fields are an example. Iranian oil fields yet another. Most recently Venezuela, with a socialist government that can't even figure out how to provide the people with toilet paper.

Yeah, those are real triumphs of public enterprise.

[JimSEA]

They are doing well now but after the commies took over from Kennecott things were pretty shaky. If the communists were still in power it would be closed by labor and maintenance problems.