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Founded by Andrónico Luksic Abaroa in the early 1950´s in the city of Antofagasta in northern Chile, the Luksic Group's initial activities were related to the mining industry, principally copper, the country's most important natural resource.
By the early 1960´s, the Luksic Group had expanded its interests to several other industries, thereby taking advantage of growth opportunities in key sectors of the Chilean |
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Nonetheless, when restrictions eased in Chile in 1974, the Luksic Group renewed its interest in Chile, most notably in the mining sector.
In later years, expansion led to diversification in telecommunications, banking, food and beverages, hotels and railways.
In 1996, the Luksic Group ownership structure was reorganized. All financial and industrial investments were placed under the control of Quiñenco, and mining and railway investments |
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economy such as metal processing, electric power distribution, general manufacturing, shipping, agriculture, fishing, food processing and forestry.
Between 1970 and 1973 when the activities of the private sector in Chile were restricted, the Luksic Group expanded into Argentina, Colombia and Brazil, moving into sectors such as metal manufacturing, agriculture and vehicle distribution.
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remained part of Antofagasta plc. This new structure simplified control within the Luksic Group and opened the doors to the capital markets for Quiñenco. At roughly the same time, the Luksic Group pushed ahead with the Los Pelambres mining project, today one of the world's largest copper mines.
Visit Antofagasta plc's website
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