32 articles
Codelco dismissed eight employees following investigations into production reporting irregularities in 2024-2025. Audits revealed potential double-counting of copper output and improper recognition of
Codelco set a record $350-per-ton premium for European copper deliveries next year amid market tightness from US stock shifts. Competitor Aurubis similarly raised premiums as traders assess potential
Copper prices climbed amid interest rate optimism and a fatal avalanche at Codelco’s El Teniente mine in Chile, halting operations and tightening supply amidst rising global demand.
Codelco is racing to rescue workers following a mudslide at its El Teniente copper mine caused by severe weather. The accident exacerbates supply risks in Chile, the world's largest copper producer, a
Codelco is investigating potential double-counting of copper production at its Salvador and Ministro Hales mines for 2024 and 2025. The probe follows previous audit findings and raises concerns about
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
Codelco reported a fourfold rise in first-half pre-tax profit to $1.97 billion as copper prices surged, though production fell 11% due to mine disruptions. CEO Jorge Gomez prioritizes restoring produc
Codelco announced major management changes under new CEO Jorge Gómez to stabilize operations and finances at its flagship copper mines. The restructuring aims to reverse declining production and debt
Chile reduced its 2026 copper production outlook by 2.6% citing mine disruptions at major producers like Codelco. The commission simultaneously raised the 2026 price forecast to $5.95 per pound due to
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.
Codelco chairman Bernardo Fontaine confirmed the Chilean miner will miss pre-pandemic output targets due to operational challenges and rising costs. The company seeks private partnerships to address c
A severe storm in Chile killed at least 10 people and disrupted transport, impacting copper mining operations and agricultural harvests in key regions. Major miners including Codelco and Antofagasta a
Severe winter storms disrupted operations at key copper mines and ports in central Chile, affecting shipments from major producers like Codelco and Anglo American. Traders are monitoring the situation
Codelco expects copper production to stay flat near current levels through 2030 due to project delays and declining ore grades. Chairman Bernardo Fontaine identified the El Abra mine expansion as a ke
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
Chile is reassessing state miner Codelco's future amid soaring debt and production scandals despite a global copper demand boom. With a projected historic supply deficit by 2035, reforms are critical
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
Chilean state miner Codelco appointed Jorge Gomez as its new CEO effective July 13, replacing Ruben Alvarado. The move comes amid a scandal involving inflated production figures and follows government
Codelco and SQM plan to invest $3 billion in their Novandino joint venture to deploy direct lithium extraction technology in Chile's Atacama Desert. Construction aims to begin by the late 2020s pendin
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
Codelco plans to integrate three Chilean copper mines to secure $2 billion in gains by 2027, aiming to offset stagnating output and rising debt. The reorganization addresses inflationary pressures on
Chile has appointed Bernardo Fontaine as the new chairman of state-run copper producer Codelco, tasked with investigating production irregularities and addressing budget overruns under the new adminis
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
Codelco targets 1.5 million metric tons of copper output in 2027 to reclaim the top global producer spot from BHP Group. Management reforms aim to address declining ore grades and cost overruns to ach
Codelco and Anglo American will file separate environmental applications for their shared Andina-Los Bronces copper mine in Chile, aiming to add 120,000 metric tons of annual capacity by 2030 via an u
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