Codelco

Codelco (Corporación Nacional del Cobre de Chile) is a state‐owned mining company headquartered in Santiago, Chile, and is widely recognized as the largest copper producer in the world. Its core business encompasses exploring, developing, and extracting copper ore, processing it into refined copper and related by-products (including molybdenum, anode slime, sulphuric acid) and marketing those products globally.

Codelco operates through several major mining divisions, including Chuquicamata, Andina, El Teniente, Radomiro Tomic, Ministro Hales, Gabriela Mistral, and Salvador, as well as the Ventanas Refinery. The company is entirely owned by the Republic of Chile, and its governance structure is overseen by a board of directors appointed with governmental input.

With its vast copper reserves, Codelco plays a crucial role in Chile’s economy and in the global copper market. It commands a significant share of the world’s proven copper reserves, producing over a million tons of copper annually. The company is also increasingly focusing on sustainability, transparency, and responsible production, aligning with environmental, social, and governance (ESG) principles in its operations.