CEMIN Holding Minero

What CEMIN Holding Minero does

CEMIN Holding Minero is a privately held Chilean mid-tier mining company founded in 1982 that extracts and processes copper and gold. It operates three distinct mining complexes: the Catemu operation in the Valparaíso Region (comprising the Mina Uva underground copper mine and the Planta Amalia leaching and electrowinning plant producing copper cathodes), Minera Pullalli in the Valparaíso Region (an underground gold mine with a dedicated processing plant using heap leaching), and Dos Amigos in the Atacama Region (leaching piles and an electrowinning plant that processes ore from both company-owned and third-party mines in the Domeyko zone). The company employs 501-1000 people and is headquartered in Catemu, with a corporate office in Santiago.

The business model is direct B2B sales of commodity copper cathodes and gold to industrial and commodity buyers, augmented by toll-processing services for small and artisanal miners at the Dos Amigos facility. CEMIN's go-to-market is sales-led and concentrated in Chile (Valparaíso and Atacama regions). Revenue mechanics are driven by global copper and gold prices set on commodity markets, with no publicly disclosed pricing model. The company has invested in operational technology (teleoperated underground mining at Mina Uva, the first-in-Chile SPECTRAL laser processing technology at Planta Catemu) and in environmental infrastructure (100% renewable energy at Pullalli via ENGIE, regasification at Planta Amalia reducing carbon footprint 38%, advanced water recirculation).

CEMIN's strategic positioning centers on ESG differentiation within the Chilean mid-tier mining segment: it is the first mid-tier miner in Chile to transition fully to renewable energy and has accumulated multiple HuellaChile, I-REC, Green Energy, and ACHS safety certifications. It is led by President Ejecutivo Juan Andrés Morel and a management team of operations, sustainability, and risk-prevention executives. In September 2023, Minera Cemin-Pullalli SpA signed a US$15 million ESG-linked financing facility with Banco Santander Chile, and the company's website signals an active M&A and exploration agenda.

Name

CEMIN Holding Minero

Legal name

CEMIN Holding Minero

Website

https://cemin.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

251–500 employees

Short description

CEMIN Holding Minero is a privately held Chilean mid-tier mining company founded in 1982 that extracts and processes copper cathodes and gold through three operating complexes in the Valparaíso and Atacama regions, selling directly to industrial and commodity buyers.

Ownership category

akta.pro rank

Product category

Copper and Gold Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220), Metal Ore Mining (2122)

SIC

Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330), Gold And Silver Ores (1040)

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

akta.pro secondary industries

Copper Anode/Cathode Production & Handling (IMAKADAG), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), ESG, Traceability & Certification Services (Responsible Sourcing) (IMAKAFAN)

Keywords

• Copper mining
• Gold mining
• Mineral processing
• Copper cathodes
• Underground mining

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Copper Cathode Sales: CEMIN produces and sells copper cathodes through leaching and electrowinning processes at its Catemu and Dos Amigos plants. The company also processes minerals from third-party mines.
2. Gold Production and Sales: Minera Pullalli operates underground gold mining and processing facilities producing gold.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

CEMIN Holding Minero is a Chilean mid-tier mining company that extracts and processes copper and gold minerals. It operates three mining complexes: Catemu (underground copper mine with leaching/electrowinning plant), Minera Pullalli (underground gold mine with processing plant), and Dos Amigos (copper cathode production from own and third-party mine minerals).

Product overview

CEMIN Holding Minero is a medium-sized mining company focused on copper and gold extraction and processing in Chile. The company operates three distinct mining complexes: Catemu (copper production via underground mining and leaching/electrowinning), Minera Pullalli (gold mining and processing), and Dos Amigos (copper processing from multiple sources). The operations span the Valparaíso and Atacama regions, with a focus on responsible mining practices, environmental management, and community engagement.

Differentiator

Problem solved

Functional benefit

Products and services

• Catemu Operation (Mina UVA + Planta Amalia) Underground copper mine and processing plant in the Valparaiso Region that produces copper cathodes through leaching and electrowinning processes for industrial buyers.
• Minera Pullalli Underground gold mine and processing plant in La Ligua, Petorca Province, producing gold for industrial buyers and precious metals markets.
• Dos Amigos Copper cathode production operation in Domeyko that processes minerals from company-owned and third-party mines in the region via leaching and electrowinning, located in the Atacama Region.
• Batuco Operation Mining operation referenced as part of CEMIN's portfolio of wholly-owned mining subsidiaries in Chile, contributing to the company's copper and gold production footprint.

Quantifiable outcome

• 488,585 tonnes of copper oxide purchased in 2023
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• SPECTRAL IndustriescoreTechnology or Integration · 19 November 2024Dutch company SPECTRAL Industries partnered with CEMIN to install pioneering laser technology at Planta Catemu for mineral processing optimization. This represents a first-in-Chile implementation of advanced laser systems in mining.
• Team Partner ConsultoresminorImplementation/ SI/ Consulting Partner · 27 October 2023Team Partner Consultores conducted mental health workshop for CEMIN workers focusing on co-responsibility and psychosocial risk factors including double presence.
• ALS GlobalminorImplementation/ SI/ Consulting Partner · 16 October 2023ALS Global served as Environmental Technical Verification Entity (ETFA) for groundwater monitoring campaigns at Catemu operations.
• AZAminorStrategic or Co-development Partner · 6 October 2023AZA, Chile's largest steel recycling company, supported waste management and recycling of over 2,100 kilos of industrial and domestic waste from Catemu operations.
• Cámara Chileno-Alemana de Comercio e Industria (AHK Chile)minorStrategic or Co-development Partner · 18 April 2023CEMIN joined Eco Mining Concepts, the Chilean-German network for sustainable mining, supported by Germany's Federal Ministry for Economic Affairs and Climate Protection (BMWK).
• Tripan, Biocys, Delta AgrominorStrategic or Co-development Partner · 25 February 2022Local suppliers including Delta Agro from Pullally area executed reforestation projects around Pullalli and Catemu operations with native species including xerophytic plants using recycled water.
• D&R Chile TrainingminorImplementation/ SI/ Consulting Partner · 23 September 2021D&R Chile Training provided emergency brigade training at Minera Catemu with first-level experts in the mining industry.
• ENGIE Energía ChilecoreStrategic or Co-development Partner · 31 March 2021CEMIN signed a 4-year agreement with ENGIE for 100% renewable energy supply to Pullalli operations (1.48 GWh annually), making CEMIN the first mid-tier mining company in Chile to transition to clean energy. Previously, ENGIE also implemented regasification at Planta Amalia, reducing carbon footprint by 38%.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Capstone Copper: Mid-tier copper producer with operating mines in Chile and Latin America producing copper cathodes and concentrates via SX-EW and concentration. Closely comparable to CEMIN in scale, commodity focus, and Chilean operating footprint.
• Sociedad Punta del Cobre (Pucobre): Chilean mid-tier copper mining company producing copper cathodes via heap leach/SX-EW from multiple underground and open-pit operations. Direct competitor to CEMIN in the Chilean mid-tier copper cathode segment.
• Las Cenizas Group: Chilean mid-tier mining group operating copper and small-scale mineral processing assets, including toll treatment of third-party ores similar to CEMIN's Dos Amigos operation. Comparable in scale, geography, and product mix.
• Mantos Copper: Mid-tier copper producer with Chilean operations (Mantos Blancos, Mantoverde) producing copper cathodes and concentrates. Comparable on commodity focus, Chilean footprint, and SX-EW/concentration process mix.

Broad incumbents

• Minera Centinela (Antofagasta plc): Large-scale Chilean copper miner producing copper cathodes and concentrates, with significant gold by-product output (similar to CEMIN's Pullalli gold line). Larger and more diversified than CEMIN, but operates the same Chilean process routes.
• Lundin Mining: Mid-to-large diversified base metals miner with copper-dominant operations in Chile (Candelaria) and elsewhere. Comparable in Chilean copper cathode/concentrate exposure but materially larger and more diversified.
• Sociedad Minera Cerro Verde: One of Peru's largest copper mines (Freeport-McMoRan majority-owned), producing copper concentrates and molybdenum. Comparable in copper process routes (concentration) and Latin American base-metal focus, though significantly larger and operating in Peru rather than Chile.

Emerging players

• Aura Minerals: Mid-tier gold and copper producer with Latin American operations (Brazil, Honduras, Mexico). Comparable as a multi-asset mid-tier precious/base-metals producer in the Americas, though more gold-weighted and geographically broader.
• Hot Chili Limited: Australian-listed copper-gold developer with the Costa Fuego project in Chile. Comparable as a Chilean-focused copper-gold junior, though earlier-stage (pre-production) relative to CEMIN's operating status.

Regional players

• Carola-Coeminne (Sociedad Contractual Minera Carola): Small-to-mid Chilean mining group with copper cathode and gold production from northern Chile. Smaller-scale but operates in the same Chilean mining zones with similar SX-EW cathode technology as CEMIN.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/CEMINholding
• LinkedInlinkedin.com/company/holding-cemin

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CEMIN Holding Minero