Anglo 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1.391 million metric tons of copper in 2025, supported by an investment budget of $4.73 billion, according to an unpublished government decree cited by Reuters.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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