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Codelco

Codelco is Chile's state-owned copper mining company and the world's largest copper producer by output. Headquartered in Santiago, the company operates entirely within Chile, managing a portfolio of major mining divisions including Chuquicamata, El Teniente, Andina, Radomiro Tomic, Ministro Hales, Gabriela Mistral and Salvador. The company is wholly owned by the Chilean government through the Corporación Nacional del Cobre de Chile and operates under the supervision of the Ministry of Mining. Codelco accounts for a significant share of global copper production, typically producing more than 1.5-million tonnes of copper a year, and contributes substantially to Chile's export revenues and fiscal income. The company employs tens of thousands of workers directly and supports extensive contractor workforces across its operations. Codelco's operations span underground and openpit mines, smelters and refineries, producing refined copper cathodes, concentrate and by-products including molybdenum, gold and silver. The company has embarked on a multibillion-dollar structural investment programme to sustain production through mine-life extensions and the development of new underground projects beneath ageing openpit operations. Codelco was established in 1976 following the nationalisation of Chile's large-scale copper mines in 1971, consolidating assets previously operated by foreign companies into a single state enterprise that has since become a cornerstone of the Chilean economy.

Codelco News


Chuquicamata copper mine
Chile regulator to deliver audit of Codelco's copper output within 2 months
21st October 2026 By: Reuters

Chile's comptroller general's office said on Tuesday it expects to deliver an audit of Codelco's 2025 production data within two months, after the State-owned miner revealed it was investigating... 


Mine excavator machinery linked up
Austrian investor rushes to boost copper production at old Chile mine
16th October 2026 By: Reuters

A US company founded in 2025 by an Austrian investor is working to boost production at the Chilean mining complex Tres Valles to profit from a looming global shortage of copper, Reuters has... 


El Teniente mine
Chile's El Teniente mine partially suspends operations after fatal landslide
12th October 2026 By: Reuters

Chilean State miner Codelco partially suspended operations at its El Teniente mine on Sunday after a landslide left two workers dead while one survived, according to SERNAGEOMIN, the South American... 


Codelco CEO Jorge Gomez
Chile's Codelco probes over-inflated 2024, 2025 copper production figures
7th October 2026 By: Reuters

Chile's Codelco is investigating new evidence of over-reported copper production in 2024 and 2025, the State-run miner said on Tuesday, a probe that could further stoke industry concerns about the... 


Radomiro Tomic mine
Fatal accident at Radomiro Tomic mine, Codelco partially suspends operations
2nd October 2026 By: Reuters

A worker was killed in an accident at Chilean State-run miner Codelco's Radomiro Tomic mine, the country's mining regulator Sernageomin said on Thursday. Codelco confirmed in a statement that a... 


Copper plates
High copper prices support miners in Chile, but investments dent gains
25th September 2026 By: Reuters

Despite strong copper prices, growing investment demands are offsetting much of the gains posted by mining companies in Chile, Moody's said in a report on Thursday. Chile, the world's largest... 


Codelco CEO Jorge Gomez
Chile's Codelco says restructuring plan may be delayed until end of 2026
17th September 2026 By: Reuters

Chilean State-owned copper giant Codelco's restructuring plan may not be ready until the end of 2026, the company told Reuters on Wednesday, signalling a delay for a much-anticipated strategy meant... 


Codelco's Chuquicamata
Copper output from Chile's Codelco dips in July
11th September 2026 By: Reuters

Copper output at Chilean State miner Codelco, one of the world's largest copper producers, fell 5% from a year earlier in July to 112 800 tons, data from state copper commission Cochilco showed on... 


Canadian Parliamentary Secretary to the Minister of Energy and Natural Resources Claude Guay
Canadian official Guay affirms value of stronger trade ties with Chile
31st August 2026 By: Marleny Arnoldi

Canadian Parliamentary Secretary to the Minister of Energy and Natural Resources Claude Guay has affirmed that, in a time of uncertainty and changing trade and economic relationships worldwide,... 


Copper mine in Chile
Mining operations in northern Chile continue despite heavy rains
20th August 2026 By: Reuters

Major mining operations in northern Chile continued as usual on Wednesday despite the heavy rains that hit the northern part of the South American country. President Jose Antonio Kast visited the... 


SQM lithium brines
Chile's SQM beats quarterly profit estimates on higher lithium sales, prices
19th August 2026 By: Reuters

Chile's SQM, the world's second-largest lithium producer, beat second-quarter net profit estimates on Wednesday owing to higher prices and sales volumes. The company posted a net profit of... 


Workers underground at a Codelco mine
Chile's Codelco nears Pucobre deal as new leadership pushes partnerships, asset review
18th August 2026 By: Reuters

Chilean State miner Codelco is close to signing an agreement with local miner Pucobre on the Tovaku copper project in northern Chile, chairperson Bernardo Fontaine said in a television interview on... 


Codelco Jorge Gomez
Chile's Codelco shuffles leadership as new CEO tightens mining oversight
17th August 2026 By: Reuters

Chilean state miner Codelco unveiled a sweeping management reshuffle on Friday, installing a senior executive at its troubled El Teniente mine and reorganizing oversight of its operations. The... 


El Teniente mine
Codelco's stalled project in El Teniente to start production in 2029, executive says
13th August 2026 By: Reuters

Chilean state miner Codelco expects to begin production at an expansion project within its flagship El Teniente copper mine in 2029, the mine's general director Gustavo Reyes said on Wednesday.... 


Copper samples
India's Hindustan Copper plans to sell copper concentrate sourced from Chile to Hindalco, Adani, sources say
11th August 2026 By: Reuters

State-run Hindustan Copper plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco and Adani, aiming to meet India's growing appetite for the red metal,... 


Codelco signage
Chile to reinvest all of Codelco's 2025 profits in debt-laden copper miner
11th August 2026 By: Reuters

Chile will reinvest all of State-owned copper miner Codelco's 2025 profits into the company, Mining Minister Daniel Mas said on Monday, boosting funding for a producer grappling with a heavy debt... 


El Teniente copper mine
Japanese tech company investigates remote operation feasibility for Codelco's El Teniente mine
6th August 2026 By: Marleny Arnoldi

Japanese telecommunications and information technology company NTT Docomo Business has launched a study and proof of concept jointly with Chile's State-owned copper miner Codelco to progress remote... 


El Teniente mine
Chile's Codelco pauses El Teniente mine expansion over new signs of seismic risk
5th August 2026 By: Reuters

Chile's State-run copper miner Codelco has paused one of its expansion projects at its flagship El Teniente mine a year after a deadly collapse, saying recent studies show greater seismic risk than... 


The Maricunga salt flat
Codelco sees lithium project in Chile's Maricunga salt flat feasible in eight more years
16th July 2026 By: Reuters

Chile's Codelco expects its lithium project in the Maricunga salt flat to become a reality in eight years, chairperson Bernardo Fontaine said on Wednesday. The Maricunga lithium project is managed... 


The El Abra mine
Chile's Codelco expects flat copper output in coming years, chairperson says
16th July 2026 By: Reuters

Chile's State-run copper miner Codelco expects production in the coming years to stay similar to current levels, chairperson Bernardo Fontaine said on Wednesday, when asked if the company was on... 


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pqt: 0.414s - ct: 0.462s - 275pq - 2rq
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