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Codelco lost US$ 1,780 million at smelters and refineries between 2022 and 2025
Only Caletones made a profit during the period, and Chinese overcapacity drove down the fees plants charge to process concentrate.
Minister Mas rules out selling Codelco and signals more partnerships with private companies
The government seeks fresh capital and new mines for the state-owned copper company, which will present its investment plan in November.
Antofagasta Environmental Assessment Commission approves Tovaku, a US$ 870 million project by Codelco and Pucobre
The Puntilla mine, in Tocopilla and María Elena, will produce 46,000 tonnes of copper cathodes annually and employ 984 people during construction.
Producción de cobre en Chile caería en 2026 a su nivel más bajo desde 2003In Spanish
Bajas leyes, mantenciones y El Niño frenan la minería, aunque el sector proyecta recuperar entre 300 y 400 mil toneladas en 2027.In Spanish
Government to increase mining safety budget after 13 deaths in 2026
Sernageomin aims to reach 13,000 inspections a year by the end of 2027, although the government has yet to announce how much funding it will add.
Quiroz raises projected mining decline this year to between 8% and 9%
The ministro de Hacienda (Finance Minister) blames the mining slump on low investment and estimates the sector will subtract one point from Chile's GDP.
Chile has 32,235 mining exploration concessions, but few become mines
The last new large-scale copper mine began operating in 2017, and 77 of the 235 prospects registered by the Chilean Copper Commission are stalled due to a lack of funding.