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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


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... 


Atacama salt flat
Chile's Novandino Litio seeks enviro approval for $3bn Atacama lithium project
6th July 2026 By: Reuters

Novandino Litio, the joint venture between Chilean lithium producer SQM and State-owned copper miner Codelco, filed for environmental approval on Friday for a $3-billion project aimed at extending... 


El Teniente mine
Codelco debt and high costs hurt competitiveness, document says
3rd July 2026 By: Reuters

Chile's State-run copper giant Codelco sees soaring costs, which are over one-and-a-half times above its global rivals, and heavy debt are the main challenges to the struggling company's... 


El Teniente copper mine
Chile's Codelco to consider asset sales, partnerships in investment review
25th June 2026 By: Reuters

Chile's State-owned Codelco, one of the world's largest copper producers, will consider asset sales and partnerships as part of a broader review of its investment priorities, chairperson Bernardo... 


The neighbouring Los Bronces and Andina mines, in Chile
Anglo, Codelco ink definitive agreement for joint mine plan in Chile
24th June 2026 By: Marleny Arnoldi

Diversified miner Anglo American has completed a definitive agreement with Chile's State-owned miner Codelco to implement a joint mine plan for their respective Los Bronces and Andina copper... 


The above image depicts professional services firm Deloitte Chile energy resources and industrials leader Patrick Hall
Chile’s copper to play major role in decarbonisation
19th June 2026 By: Lynne Davies

As Chile targets net-zero carbon emissions by 2050, its continued production of copper and lithium are key elements of the country’s energy transition, with copper regarded as a longer-term... 


LITHIUM EXTRACTION: Chilean mining companies Codelco and SQM are budgeting $3-billion to deploy new extraction technologies at their lithium joint venture in the Atacama Desert. Bloomberg reports that the companies’ Novandino Litio partnership set its latest projection after wrapping up design work on a project to introduce more direct ways to recover lithium from brine under the Atacama salt flat in northern Chile. The venture plans to submit an environmental impact study to regulators in June. Photograph: Bloomberg
LITHIUM EXTRACTION:
5th June 2026

Chilean mining companies Codelco and SQM are budgeting $3-billion to deploy new extraction technologies at their lithium joint venture in the Atacama Desert. Bloomberg reports that the companies’... 


Codelco's El Teniente mine
Chile's Codelco copper giant names Jorge Gomez as new CEO
4th June 2026 By: Reuters

Chile's embattled State copper giant Codelco named Jorge Gomez as its new CEO on Wednesday as the company continues to deal with fallout following a scandal over inflated production figures. In a... 


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... 


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