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Thursday, Sep 21, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Thieves carry out US$4.4M copper robbery in Chilean port

Ten armed thieves successfully stole multiple shipping containers full of copper owned by the Chilean company Codelco

Chilean criminals carry out US$4.4M copper robbery
San Antonio port, Chile. Photo by Cristiangonzalo.m via Wikimedia Commons

Law authorities in Chile are currently conducting an investigation after a group of armed thieves stole a dozen shipping containers loaded with approximately US$4.4 million worth of copper at the country’s main seaport.

According to a statement from local prosecutor Juan Carlos Catalan provided to Reuters, the robbers entered the San Antonio port last Tuesday morning and executed their plan in a violent manner, restraining and beating five workers prior to taking the merchandise.

The copper was fortunately insured by Codelco, the company that owned it, and it was destined to make its way to China before being stolen.

Read more: Western Gold Exploration focuses on Scottish copper and gold mine

Read more: Rio Tinto acquires one of the world’s largest copper and gold deposits

The robbery was carefully planned requiring multiple trucks

“It is a gang that may be working in San Antonio because we have other crimes with similar characteristics,” police captain Gonzalo Garcia told the local Chilean radio station Radio Cooperativa. He said the robbery was carefully planned and required multiple trucks.

Garcia added that some of the thieves cut off the security cameras while others went in to intimidate guards and workers.

“There was one guard and four workers that the assailants tied up, beat and left locked up,” said prosecutor Catalan. He added that the workers notified authorities about what had happened after they were able to free themselves and local police had launched an investigation and were reviewing security footage.

Chilean authorities have not been able to detain any suspects and according to Reuters, this type of occurrence isn’t novel in a country responsible for producing more copper than anywhere else in the world.

In 2020, the Investigations Police of Chile recovered US$250 million worth of copper that had been stolen from electrical and telecommunications companies following an investigation.

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Read more: 2023 will be a ‘very strong’ year for gold mining: NevGold


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