Codelco announced its restructuring plan may be delayed until late 2026, potentially involving workforce reductions of 5% to 20%. The move impacts Chile's copper-dependent economy amid rising unemploy
Chile’s government will allow state-owned Codelco to retain all 2025 profits, totaling $2.42 billion, to ease its record debt burden and fund strategic investments. This policy shift aims to support t
Codelco suspended its Andes Norte expansion project at the El Teniente copper mine due to new seismic risks, though current production remains unaffected. The halt highlights operational challenges fo
Chile's government is considering introducing private capital into state-owned copper miner Codelco to manage debt and boost output, sparking political debate over partial privatization.
Chilean state-owned miner Codelco confronts debt and production crises amidst record copper demand driven by AI and energy transitions. Analysts warn of a global supply shortfall, sparking debate on r
SQM and Codelco plan a $3 billion expansion to boost their Novandino lithium joint venture output by over 70% to 470,000 metric tons annually. The project incorporates direct lithium extraction techno
Codelco’s Chuquicamata union vows to retain $14 million in bonuses after admitting copper output was overstated by 2% last year. The scandal intensifies governance scrutiny as the state miner faces le
Codelco dismissed an executive after an audit revealed it overstated 2025 copper output by 2%. The scandal has triggered government scrutiny and potential legal investigation despite no changes to aud
Chile's new government plans to overhaul Codelco's corporate governance to address debt and production declines. Finance Minister Jorge Quiroz seeks greater transparency and accountability within the
Chile's new administration must balance budget needs against state-owned miner Codelco's $25 billion debt load. Investors show confidence in Codelco bonds as the government weighs dividend policies ag
Chile's government prioritizes Codelco's operational turnaround over privatization amidst falling production and $25 billion debt. Chairman Pacheco admitted past errors but denied crisis status before
Chile has expanded Codelco's permit for the Maricunga project, authorizing increased lithium carbonate production.
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