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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.
Codelco contractors block access to Ministro Hales mine near Calama
The subcontractors are protesting over bonuses that were not returned to them and over negotiations on the Acuerdo Marco (framework agreement), which governs their benefits at the state-owned mining company.
Codelco and BHP sign agreement to explore the Anillo project in Antofagasta
The Australian mining company may invest up to US$40 million in exploration campaigns to assess the copper potential of a district in northern Chile.
Antofagasta Environmental Assessment Commission approves Tovaku, a US$ 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.
Codelco and BHP sign agreement to begin exploration at the Anillo project
The Chilean state-owned company and the Australian mining company signed the contract in London authorizing exploration work in Antofagasta.
Large-scale mining faces 31 collective bargaining rounds in 2027, with Escondida shaping up as the toughest
Codelco will face 16 bargaining rounds involving more than 8,429 workers, and Escondida’s union already warns that a strike is highly likely.
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
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.