| Codelco: Chile's state-owned copper mining company, the world's largest copper producer. |
Codelco is 100% owned by the Chilean state and operates seven mining divisions (Chuquicamata, Radomiro Tomic, Ministro Hales, Salvador, Andina, El Teniente, and Gabriela Mistral) and the Ventanas refinery. It is a key player in the global copper market. |
Codelco acquired a 10% stake in Quebrada Blanca in September 2024. The company is investing in structural projects to deal with lower-grade ores and revamp key mines. Codelco faced production declines in previous years but saw a slight increase in 2024. |
Total copper production (including JVs) of 1.442 million tonnes in 2024. Own copper production was 1.328 million tonnes in 2024. Target production of 1.391 million tonnes in 2025. |
US$17.0 billion in 2024. US$12,315 million in the first nine months of 2024. Expected operating revenue of US$22.23 billion in 2025. |
| BHP: A leading global resources company with significant copper operations in Chile. |
BHP is an Anglo-Australian multinational mining company. Its primary operations in Chile include Minera Escondida (57.5% ownership) and the Pampa Norte business unit, which includes the Spence and Cerro Colorado mines. Escondida is the world's largest copper mine. |
BHP is recognized for its strong corporate reputation in Chile's mining sector. The company has implemented practices focused on gender inclusion and technological innovation, such as autonomous trucks at the Spence mine. Escondida saw significant production growth in 2024. |
Escondida copper production of 1.278 million tonnes in 2024. Production at Spence increased in 2024. |
Global revenue of US$59 billion for the year ending June 30, 2024. (Note: This is global revenue, not specific to Chilean operations). |
| Anglo American: A global mining company with a substantial presence in Chile's copper and other mineral sectors. |
Anglo American operates several mines in Chile, including Los Bronces, El Soldado, and Chagres, and holds a significant 44% stake in the Collahuasi copper mine. The company extracts copper and other minerals in the region. |
Anglo American's copper production in Chile was impacted in 2024 by factors including lower grades at Los Bronces and the planned closure of a plant. The company is investing in expansions at key operations like Collahuasi. Water availability is a key consideration for their operations. |
Attributable copper production from Chile was 112,600 tonnes in the first nine months of 2024. Global copper production of 773,000 tonnes in 2024. |
Global copper revenue of US$7.57 billion in 2024. Total global revenue of US$28.6 billion in 2024. (Note: Revenue figures include operations outside Chile). |
| Collahuasi: A major copper mine in northern Chile, known for its significant production volume. |
Sociedad Contractual Minera Doña Inés de Collahuasi is a joint venture owned by Anglo American (44%), Glencore (44%), and Japan Collahuasi Resources BV (12%). It is one of the largest copper mines in the world. |
Collahuasi reported solid financial and operational results in 2024. The mine is investing in growth and efficiency projects, including the addition of a fifth ball mill and the Ujina Growth Project to increase processing capacity. Water supply remains a challenge. |
Fine copper production of 558,611 tonnes in 2024. |
US$4,818.7 million in revenue from concentrate sales in 2024. |
| Antofagasta Minerals: A Chilean-based international mining group with its activities primarily focused on copper production. |
Antofagasta Minerals is part of the Luksic Group. The company operates four mining operations in Chile: Los Pelambres, Centinela, Antucoya, and Zaldívar. |
Antofagasta Minerals reported strong financial performance in 2024, with increased revenue and cash flow. The company is focused on investing in profitable growth projects. They have completed the ramp-up of a desalination plant at Los Pelambres to address water concerns. |
Total copper production of 223,800 tonnes in 2024. Expected group copper production of 660,000 to 700,000 tonnes in 2025. |
US$6.6 billion in 2024. Revenue from the mining division was US$6,418.5 million in 2024. |
| Lundin Mining: A diversified base metals mining company with a significant presence in Chile. |
Lundin Mining is a Canadian company with operations in the copper and zinc sectors. In Chile, their key assets include the Candelaria district (Minera Candelaria and Minera Ojos del Salado operations) and the Caserones mine. They are noted for their expertise in mining low-grade deposits. |
Lundin Mining achieved record copper production globally in 2024. The company continues to invest in its operations and explore growth opportunities. |
Total copper production of 369,067 tonnes in 2024 (all operations). (Note: This is total company production, not solely from Chile). |
Annual revenue from all operations of US$4.1 billion in 2024. (Note: This is total company revenue, not solely from Chile). |
| Rio Tinto: A leading global mining group with a key investment in a major Chilean copper mine. |
Rio Tinto is a multinational mining company with diverse operations globally. In Chile, its primary asset is a 30% ownership stake in the world-renowned Escondida copper mine, operated by BHP. |
Rio Tinto's stake in Escondida contributes to its global copper production. The company focuses on copper extraction in the Latin America region through its Escondida interest. |
Mined copper production of 697,000 tonnes in 2024 (consolidated basis). (Note: This is total company production, includes operations outside Chile). |
Global sales revenue of US$53.66 billion in 2024. (Note: This is global revenue, not specific to Chilean operations). |
| Glencore: A major global diversified natural resource company with significant mining assets in Chile. |
Glencore has a substantial presence in the Chilean mining sector, notably through its 44% ownership in the Collahuasi copper mine (a joint venture with Anglo American and Japan Collahuasi Resources) and its operation of the Lomas Bayas copper mine. |
Glencore's operations in Chile contribute to its global portfolio of copper and other metals. |
Not specifically detailed for Chile in available sources for 2024. Collahuasi production (44% attributable to Glencore) was 558,611 tonnes in 2024. |
Not specifically detailed for Chile in available sources for 2024. (Glencore is a major global company with high revenues). |
| Freeport-McMoRan: A major international mining company with a focus on copper, gold, and molybdenum. |
Freeport-McMoRan is a U.S.-based company that has been operating in Chile since 1996. Their main asset in the country is a 51% ownership stake in the Sociedad Contractual Minera El Abra copper operation located in the Antofagasta region. |
El Abra is a significant copper mining operation in Chile. Freeport-McMoRan's South American operations are a key part of their global business. |
El Abra copper production was 98,414 tonnes in 2023 (51% attributable). 2024 production data for El Abra not explicitly found in provided sources. |
Global EBITDA of US$8.293 billion in 2024. (Note: This is likely global EBITDA, not specific to Chilean operations). |
| CAP S.A.: A Chilean holding company with important interests in the mining sector, primarily focused on iron ore. |
CAP S.A. is a Chilean company with diversified industrial activities. Its mining interests are primarily managed through its subsidiary, Compañía Minera del Pacífico (CMP), which is Chile's main producer of iron ore. The company also has interests in steel and infrastructure. |
CAP S.A. is recognized as one of the top companies in the Chilean mining sector by Revenue Per Share in 2023. While primarily focused on iron ore, it's a significant Chilean mining entity. Specific 2024 total revenue for mining in Chile not readily available in provided sources. |
Specific 2024 production volumes for mining not explicitly detailed in provided sources. |
Listed with a Revenue Per Share of US$19.84 as of December 31, 2023. (Note: Total 2024 revenue for mining operations in Chile not explicitly available in provided sources). |