Sernageomin, Chile’s mining regulator, and Codelco, state copper producer, have set stricter conditions for bringing shuttered zones of the El Teniente mine back online after a July 31 collapse that killed six workers. The regulator now requires a mine-wide follow-up and monitoring plan to assure stability and safety across underground deposits that remain closed. Codelco—having...
READ MORECodelco, Chile’s state copper producer, and Chile’s labor inspectorate have authorized a phased restart at El Teniente in areas unaffected by the July 31 tunnel collapse that killed six workers, while sections including Recursos Norte and Andesita remain idled pending further inspections and engineering reviews. The return of units such as Pilar Norte, Panel Esmeralda,...
READ MORECodelco, Chile’s state copper miner, and Sernageomin, the national mining regulator, have signalled that the July 31 collapse at El Teniente likely stemmed from stresses created by ongoing extraction rather than a natural quake, as the company seeks permission to reopen parts of the world’s largest underground copper operation following six deaths and nine injuries....
READ MORECodelco, Chile’s state copper producer, and Sernageomin, the national mining regulator, have suspended underground operations at El Teniente after six workers died in a tunnel collapse triggered by a 4.2-magnitude tremor; the company will convene an international panel to determine causes and remedial actions amid concerns over near-term copper supply from one of the world’s...
READ MORECodelco, the world’s largest copper producer, has partnered with engineering platform ennomotive to launch a global innovation challenge aimed at eliminating mineral dust emissions during transport. The initiative seeks practical, scalable solutions for agglomerating fine mineral dust generated during mining and handling, with the goal of achieving emissions-free transport and enabling the reuse of dust...
READ MORERio Tinto and Chile’s state-owned Codelco have signed a binding agreement to form a joint venture aimed at developing and operating a major lithium project at the Salar de Maricunga in northern Chile. Under the terms of the agreement, Rio Tinto will acquire a 49.99% stake in Salar de Maricunga SpA, the entity holding the...
READ MOREGlobal copper production overview The global copper industry continues to expand, driven by accelerating demand from energy transition technologies, electric vehicles, and infrastructure projects. In 2024, global copper production reached approximately 22.8 million metric tons, with significant contributions from Chile, Peru, China, and the Democratic Republic of Congo. Chile remains the leading producer, accounting for...
READ MOREChile’s state-owned copper producer Codelco increased its copper output by 22% in April 2025 compared to the same month last year, reaching an estimated 105,000 metric tons. Chairman Maximo Pacheco announced the figures at the company’s annual shareholders meeting, noting that the world’s largest copper miner is recovering from a 25-year production low and is...
READ MOREChile’s state-owned copper producer, Codelco, reported an increase in copper production during the first quarter of 2025, slightly exceeding output from the same period last year. This growth comes despite challenges such as a nationwide power outage in February that temporarily disrupted operations. The company remains on track to meet its annual production target of...
READ MOREChile’s state-owned Codelco, the world’s largest copper producer, has announced it will begin supplying copper concentrates this year to India’s Adani Group for its $1.2 billion Kutch Copper smelter in Gujarat. The smelter, recognized as the world’s largest single-location facility of its kind, began operations in 2024. The agreement was finalized during a meeting between...
READ MOREChile’s state-owned copper producer, Codelco, has announced it will begin supplying copper concentrates to India’s Adani Group for its $1.2 billion Kutch Copper smelter in Gujarat. The smelter, recognized as the world’s largest single-location facility of its type, will receive shipments starting this year. The agreement follows a meeting between Codelco chairman Máximo Pacheco and...
READ MOREAnglo American and Chilean state-owned Codelco have signed a memorandum of understanding (MoU) to jointly develop adjacent copper mining projects in Chile. The partnership will establish a new entity to coordinate operations at the Los Bronces and Andina mines. The combined copper reserves from both sites account for 2% of global copper deposits, totaling 60...
READ MOREAnglo American has announced the signing of a memorandum of understanding (MoU) between its 50.1% owned subsidiary, Anglo American Sur SA (AAS), and Chilean state-owned mining company Codelco. The agreement outlines a framework for a joint mine plan for their adjacent copper mines, Los Bronces and Andina, aiming to increase copper production with minimal additional...
READ MORECodelco plans to produce 1.391 million metric tons of copper in 2025, supported by an investment budget of $4.73 billion, according to an unpublished government decree cited by Reuters. The investment will be directed toward projects aimed at overhauling key mines to counteract declining ore grades. In 2024, Codelco produced 1.328 million metric tons of...
READ MORECodelco, the world’s largest copper producer, managed to lift its annual copper output in 2024 to 1.328 million metric tons, narrowly escaping a 25-year low. However, concerns from union workers and analysts cast doubt on whether the company’s methods are sustainable as it targets an ambitious annual output of 1.7 million metric tons by the...
READ MOREChile’s state-owned copper producer Codelco has applied for an environmental permit to extend the life of its Gabriela Mistral mine by more than 25 years. The proposed $800 million project would push the current closure date from 2028 to at least 2055, ensuring continued production at the Antofagasta region mine, which has been operational since...
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