What codelco-cl does

Codelco (Corporación Nacional del Cobre) is the state-owned copper mining enterprise of Chile, established in 1976 and wholly owned by the Government of Chile. The company operates eight major divisions across Chile spanning the Antofagasta Region in the north to the Valparaíso and O'Higgins Regions in central Chile: Radomiro Tomic, Chuquicamata, Ministro Hales, Gabriela Mistral, Salvador, Andina, Ventanas, and El Teniente. El Teniente, located in Machalí and in continuous operation since 1905, is described as the world's largest underground copper mine with over 4,500 km of underground galleries; Chuquicamata, north of Calama, is described as the largest open-pit mine of its kind. Operations combine open-pit and underground methods and produce copper cathodes, concentrates, and calcine, alongside by-products including gold and silver, at elevations from sea level (Ventanas refinery) to over 3,000 meters (Radomiro Tomic, Andina).

The underlying technology stack combines conventional open-pit and underground mining with a deployed Autonomous Haulage System (AHS) at Gabriela Mistral, where extraction trucks run at 100% autonomous operation. The company has explicit technology partnerships (notably with SQM on lithium and copper operations announced May 13, 2025, and with Los Bronces announced February 2025) and is in the middle of a major transformation process at Chuquicamata. Codelco monetizes its output through direct global commodity sales of copper and by-products to industrial buyers at prevailing market prices and does not publicly disclose product pricing. EBITDA was US$ 6,670 million in 2025 and US$ 2,143 million in Q1 2026, with US$ 1,778 million in fiscal contributions (Aportes al Fisco) to the Chilean State in 2025; the Government of Chile is both sole shareholder and primary fiscal beneficiary of the enterprise.

Name

codelco-cl

Legal name

Corporación Nacional del Cobre, Chile

Website

https://codelco.cl

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Codelco is Chile's state-owned copper mining corporation operating eight divisions across Chile that produce copper cathodes, concentrates, calcine, and by-products (gold, silver) for global industrial commodity markets and generates fiscal revenue for the Government of Chile.

Ownership category

akta.pro rank

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Distribution channels1 record

Marketing channels6 records

Core offering

Codelco (Corporación Nacional del Cobre) is a state-owned Chilean mining corporation that explores, mines, and processes copper and related by-products (gold, silver) through eight operating divisions across Chile. Operations span open-pit and underground mines producing copper cathodes, concentrates, and calcines, plus a refinery at Ventanas, all sold to global commodity markets.

Product overview

CODELCO (Corporación Nacional del Cobre, Chile) is a state-owned copper mining company operating a portfolio of mining divisions and one refinery. The company manages eight major mining operations: Radomiro Tomic, Chuquicamata, Ministro Hales, Gabriela Mistral, Salvador, Andina, Ventanas, and El Teniente. These operations include both open-pit and underground mines producing copper in various forms (cathodes, concentrate, calcine) along with co-products including gold and silver. The portfolio spans multiple regions of Chile from Atacama to Valparaíso, operating at elevations ranging from sea level (Ventanas) to over 3,000 meters (Radomiro Tomic, Andina).

Differentiator

Problem solved

Functional benefit

Brands

• CODELCO: Primary commercial brand name for Corporación Nacional del Cobre

Products and services

• Radomiro Tomic Open-pit copper mine located in the commune of Calama at 3,000 meters above sea level, extracting oxidized minerals, with sulfide reserves of 1,390 million tonnes at an average grade of 0.5%.
• Chuquicamata Open-pit copper and gold mine located 15 km north of Calama in the Antofagasta Region, considered the largest open-pit mine of its kind in the world and currently undergoing a major transformation process.
• Ministro Hales Open-pit mine located at 2,600 meters elevation approximately 10 km north of Calama, operating since 2010 and producing copper calcine, copper concentrate, and silver.
• Gabriela Mistral Mining division located in Sierra Gorda, Antofagasta Region at 2,660 meters above sea level, featuring 100% autonomous truck operations, a 20% female workforce, and 8% indigenous personnel.
• Salvador Mining complex in Diego de Almagro, Atacama Region, comprising the underground Inca mine and the open-pit Campamento Antiguo and Damiana Norte mines, with operations dating back to 1959.
• Andina Division located above 3,000 meters in the Valparaíso Region combining open-pit and underground operations, currently exploiting the Río Blanco underground mine and the Sur Sur open-pit mine.
• Ventanas Refinery located in Puchuncaví, Valparaíso Region coastal area, that processes copper to produce cathodes.
• El Teniente World's largest underground copper mine, located in Machalí, Libertador General Bernardo O'Higgins Region, 50 km from Rancagua, in operation since 1905 with over 4,500 km of underground galleries.

Quantifiable outcome

• 272 mil toneladas métricas finas de cobre (Q1 2026)
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• SQMcoreStrategic or Co-development Partner · 13 May 2025Strategic alliance agreement between Codelco and SQM for joint lithium and copper operations. The partnership was officially announced through the acuerdo-codelco-sqm.cl website and represents a major collaboration in Chile's mining sector.
• Los BroncescoreStrategic or Co-development PartnerAlliance between Codelco and Los Bronces mining operations, announced in February 2025. The partnership-banner is featured prominently on the Codelco homepage, indicating a significant strategic collaboration.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Market position

Weaknesses5 records

Competitive moat4 records

Customer concentration

• Xx.com/codelcochile
• YouTubeyoutube.com/user/ChileCodelco
• Facebookfacebook.com/CODELCO
• LinkedInlinkedin.com/company/codelco/?viewAsMember=true
• Instagraminstagram.com/codelco_chile
• TikToktiktok.com/@codelco

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

Funding overview

Funding rounds7 records

Investors8 records

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

M&A

Investments1 record

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

Frequently asked questions about codelco-cl