Chilean mining giant Codelco posts 23% profit increase in 2023

Codelco, Chile's state-owned copper mining company, reported a 23% increase in net profits last year. The profit surge comes as Chile's newly elected right-wing president José Antonio Kast has promised to conduct an audit and modernize the management of the world's largest copper producer. Kast made the pledge during his presidential campaign, signaling potential changes ahead for the company that serves as a major source of revenue for the Chilean government.