CENTRAL INTELLIGENCE BULLETIN

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP79T00975A017500100002-5
Release Decision: 
RIPPUB
Original Classification: 
T
Document Page Count: 
7
Document Creation Date: 
December 15, 2016
Document Release Date: 
August 4, 2003
Sequence Number: 
2
Case Number: 
Publication Date: 
November 12, 1970
Content Type: 
REPORT
File: 
AttachmentSize
PDF icon CIA-RDP79T00975A017500100002-5.pdf89.5 KB
Body: 
Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 Top Secret 25X1 DIRECTORATE OF INTELLIGENCE Central Intelligence Bulletin State Dept. review completed Top Secret C 19G 12 November 1970 Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 25X1 Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 ,Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 25X1 25X1 Centra l Intelligence Bulletin 25X1 CHILE: The government is working out the mechanics for nationalizing foreign mining companies. (Page 6) Appro 25X1 25X1 25X1 Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 Next 6 Page(s) In Document Exempt Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 Approved ForlRelease 2003/10/01 : CIA-RDP79T00975AO17500100002-4 25X1 CHILE: The Allende government is working out the mechanics for the nationalization of foreign mining companies. According to recommendations made by a committee of economists and technicians, nationalization would be negotiated under a new mining code to be presented to Congress before the end of 1970. This is also the proposed deadline for appointment of teams to negoti- ate complete nationalization of the US-developed cop- per and iron mines. The committee has proposed that three large state mining complexes be formed for copper, iron, and non-metallic minerals and that a mining develop- ment bank be established. Problems resulting from nationalization, such as the flight of technicians, availability of spare parts, and copper marketing, were also discussed. Compensation proposed for nationalized proper- ties would raise problems for the US Government, be- cause much of the companies' remaining investment is insured by the US under an official program. US copper mining investments have a book value of more than $400 million, but the committee proposed com- pensation of only $242 million. Payment would be made in 20- to 30-year bonds bearing four-percent interest. Central Intelligence Bulletin 6 25X1 25X1 Approved For 4elease 2003/10/01 : CIA-RDP79T00975A017500100 02-5 25X1 Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5 Top Secret Top Secret Approved For Release 2003/10/01 : CIA-RDP79T00975A017500100002-5