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Codelco

Corporación Nacional del Cobre de Chile (Codelco) is the world's largest copper producer and a Chilean state-owned enterprise headquartered in Santiago. Established in 1976 through the nationalisation of the Anaconda Company's Chilean operations, Codelco operates multiple major mines including El Teniente, Chuquicamata, Radomiro Tomic, and Andina. The organisation accounts for approximately 10 per cent of global copper production and is a critical revenue source for the Chilean government, contributing substantially to the nation's export earnings and fiscal budget. Codelco's operations span from the Atacama Desert in northern Chile to the central Andes, employing tens of thousands of workers across its mining and processing facilities. The company plays a central role in Chile's economy and has historically been subject to significant labour negotiations and industrial relations challenges. As a vertically integrated producer, Codelco controls mining, milling, smelting, and refining operations, positioning it as a major player in global copper markets and a benchmark for industry performance and pricing.

Codelco News


Codelco and SQM's lithium joint venture project in Chile
Codelco, SQM budget $3bn for lithium project in Chile
27th May 2026 By: Bloomberg

Chilean mining companies Codelco and SQM are budgeting $3-billion to deploy new extraction technologies at their lithium joint venture in the Atacama Desert. The companies' Novandino Litio... 


An SQM mine
SQM boosts lithium guidance as earnings top estimates
27th May 2026 By: Bloomberg

Chilean copper miner SQM reported a sharp increase in first-quarter profit and raised its lithium sales forecast, betting that robust demand from battery storage systems will keep the market... 


Antofagasta's Los Pelambres mine, in Chile
Strong Chile earthquake shakes mining hub, but damage is minimal
26th May 2026 By: Reuters

A strong earthquake struck Chile's important mining region of Antofagasta on Monday afternoon, disrupting operations at some mines but ultimately sparing lives and critical infrastructure,... 


Codelco's offices
Chile taps new chair for copper miner Codelco amid production, debt concerns
15th May 2026 By: Reuters

Chile's government on Thursday tapped Bernardo Fontaine to replace Maximo Pacheco as chairperson of the world's largest copper producer, State-run Codelco, giving the economist and executive a key... 


Codelco's El Teniente mine
Copper output from Chile's Codelco down 10% in March
12th May 2026 By: Reuters

SANTIAGO – Copper production from Chilean State-run miner Codelco fell 9.98% year-on-year in March to 110 900 metric tons, data from copper commission Cochilco showed on Tuesday. Production at... 


El Teniente copper mine, in Chile
Chilean copper miner Codelco, contractors fined after deadly mine collapse
13th April 2026 By: Reuters

Chilean State copper miner Codelco was fined by labor authorities after last year's deadly collapse at its El Teniente mine, while three contractors whose workers were killed or injured were... 


Los Bronces (left) and Andina (right)
Chile clears Codelco–Anglo American joint mining plan
30th March 2026 By: Mariaan Webb

Copper major Codelco and diversified miner Anglo American have received approval from Chile’s antitrust regulator for their planned joint operation of the adjacent Andina and Los Bronces mines.... 


Executive chairperson Máximo Pacheco
Codelco sees war disruptions adding 5% to cost of making copper
30th March 2026 By: Bloomberg

Top copper supplier Codelco expects disruptions from the Middle East war to lift its production costs by about 5%, offering one of the first quantified inflation estimates from a major mining... 


Codelco logs $4.85bn pre-tax profit in 'very difficult' 2025
Codelco logs $4.85bn pre-tax profit in 'very difficult' 2025
27th March 2026 By: Reuters

Chilean state-owned Codelco, the world's largest copper producer, on Friday reported a pre-tax profit of $4.85-billion in 2025. The company, which remits all its profits to the government,... 


Chile's government sacks head of State miner ENAMI
27th March 2026 By: Reuters

The Chilean government said on Thursday that it had removed the head of state miner Enami, Ivan Mlynarz. The company advisory sent to the local securities regulator was signed by Javiera Estrada,... 


Large native copper nugget
El Abra copper mine expansion, Chile – update
27th March 2026 By: Sheila Barradas

Freeport-McMoRan has started the process of obtaining an environmental permit for the expansion. 


Freeport to seek permit for $7.5bn mine expansion, Chilean media reports
Freeport to seek permit for $7.5bn mine expansion, Chilean media reports
19th March 2026 By: Reuters

US miner Freeport-McMoRan has begun the process of obtaining an environmental permit for a $7.5-billion expansion of its El Abra copper mine in Chile, the company said on Thursday. The project is... 


Codelco monthly output dives, sowing doubts about validity of end-2025 production spike
Codelco monthly output dives, sowing doubts about validity of end-2025 production spike
18th March 2026 By: Reuters

Chile's State-owned copper giant Codelco has reported a sharp drop in production to start this year, leading copper industry analysts and former Codelco executives to question its reports of... 


Lithium producer SQM sees global demand growing 25% this year
Lithium producer SQM sees global demand growing 25% this year
2nd March 2026 By: Bloomberg

Top lithium producer SQM said it sees world demand for the battery metal growing about 25% this year, after reporting record quarterly sales volume as the industry emerges from a global glut. The... 


El Teniente
Copper miner Codelco sacks executives after El Teniente audit
16th February 2026 By: Reuters

Chilean state copper miner Codelco on Friday removed three senior executives linked to its El Teniente division, the site of a deadly collapse last year, after an internal audit found... 


Vale Base Metals CEO Shaun Usmar
Vale eyes 1Mt/y copper output
6th February 2026 By: Bloomberg

Vale’s base metals unit wants to eventually produce one-million tons of copper by developing existing assets, exceeding an output target for 2035. Major mining firms such as Anglo American and Rio... 


Vale Base Metals CEO Shaun Usmar
Vale’s copper ambition is to produce 1Mt/y
21st January 2026 By: Bloomberg

Vale’s base metals unit wants to eventually produce one-million tons of copper by developing existing assets, exceeding an output target for 2035. Major mining firms such as Anglo American and Rio... 


Codelco expects to lift copper output by 10 000 t this year
Codelco expects to lift copper output by 10 000 t this year
13th January 2026 By: Reuters

Chilean State-run miner Codelco is expected to produce 1.344-million metric tons of copper in 2026, up about 10 000 tons from last year, Chairman Maximo Pacheco said on Monday. Speaking to Reuters... 


BHP CEO Mike Henry
BHP is stuck on the sidelines of copper M&A frenzy it started
13th January 2026 By: Bloomberg

BHP Group’s bold bid to buy rival Anglo American in 2024 was supposed to set it up as the clear winner in a copper boom it had long predicted. Two years later, the copper market is indeed booming.... 


Chilean regulator to launch 'unprecedented' audit of Codelco-SQM lithium deal
Chilean regulator to launch 'unprecedented' audit of Codelco-SQM lithium deal
19th December 2025 By: Reuters

Chilean Comptroller's Office said on Friday that it will launch an "unprecedented" audit of the lithium agreement between state copper giant Codelco and local producer SQM. In a statement, the... 


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