Codelco

  • December 20, 2024

    Codelco Completes $520 Million Acquisition of Quebrada Blanca Stake

    BY Sophia Schmitz
    Chilean state-owned companies Codelco and Enami have finalized the sale of a 10% stake in the Quebrada Blanca mining property, with Codelco acquiring Enami’s share for $520 million. This transaction solidifies Codelco’s position in one of Chile’s most significant copper deposits. The deal, which follows the completion of a due diligence process, included a $338...
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  • November 1, 2024

    Codelco Reports Copper Production Decline but Shows Signs of Recovery

    BY Sophia Schmitz
    Chilean state-owned company Codelco reported a production output of 918 thousand tonnes of copper from January to September this year, reflecting a 4.9% decrease compared to the same period last year. Despite the overall decline, the third-quarter production reached 338 thousand tonnes, representing a 2% increase compared to last year’s third-quarter output. Codelco, the world’s...
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