CODELCO is engaged in the mining of copper and its byproducts. It aims to maximize economic, environmental, and social value sustainably.

CODELCO

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Vice President Resources and Development

Patricio Vergara

Finance and Administration

Andrés Latorre Benavides

Operations

Denis Andrés Oliva Carrasco

Rolando Kukenshoner

Business Management

Sergio Videla

Legal

Alicia Undurraga Pellegrini

Alvaro Sureda

Program and Project Management

Gino Arenas

Javier Urrutia

Pablo Gandara

Marco Orellana

CIO Corporative

Amin Akhtar

Founder & CEO

Octavio Araneda

CEO & Vice President Operations

South America Companies (Top 10K)

South America Companies With More Than 100 Employees (Top 10K)

Latin America Companies With More Than $1M in Revenue (Top 10K)

Latin America Companies With More Than 50 Employees (Top 10K)

Codelco (Corporación Nacional del Cobre de Chile or, in English, the National Copper Corporation of Chile) is a Chilean state-owned copper mining company. It was formed in 1976 from foreign-owned copper companies that were nationalized in 1971.

The headquarters are in Santiago and the seven-man board of directors is appointed by the President of the Republic. It has the Minister of Mining as its president and six other members including the Minister of Finance and one representative each from the Copper Workers Federation and the National Association of Copper Supervisors.

It is currently the largest copper producing company in the world and produced 1.66 million tonnes of copper in 2007, 11% of the world total. It owns the world's largest known copper reserves and resources. At the end of 2007, it had a total of reserves and resources of 118 million tonnes of copper in its mining plan, sufficient for more than 70 years of operation at current production rates. It also has additional identified resources of 208 million tonnes of copper, though one cannot say how much of this may prove economic.

Codelco's principal product is cathode copper. It is also one of the world's largest molybdenum producers, producing 27,857 fine metric tons in 2007, and is a large producer of rhenium, of which Chile is the world's largest producer.[1][2] It also produces small amounts of gold and silver from refinery anode slimes, the residue from electro refining of copper.

Credit Agricole CIB

Debt Financing - CODELCO

Santiago

Region Metropolitana

Chile

South America

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Chile's Codelco secures US$532mn to meet its decarbonization goal

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United States

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Brazil

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