Codelco

Codelco temporarily suspended the Andes Norte project at its El Teniente mine in central Chile due to an emerging deep-seismicity risk. The state miner cited the phenomenon as behaving differently from historically managed risks.

Chile lithium stocks SQM and the LIT ETF declined as concerns over Chile's Codelco handover impacted market confidence. SQM dropped 2.00% to US$67.06, while the LIT ETF fell 0.85% to US$69.22.

Novandino Litio, a joint venture between Codelco and SQM, has submitted a US$3 billion plan to extend lithium production at Chile’s Salar de Atacama until 2060. The Salar Futuro project entered Chile’s environmental review system and involves advanced technology for water management.

Chilean presidential candidate Johannes Kaiser proposed partly privatizing state copper company Codelco and providing each citizen with a one-time payment of up to 2 million pesos. The plan equates to approximately US$2,150 per person.

Codelco's board appointed Jorge Gómez as the new CEO, effective July 13, following the resignation of Rubén Alvarado, who led the company since September 2023. The leadership change occurs amid a scandal involving inflated 2025 output figures.

Codelco's minority stakes in other mining ventures are valued at $6.443 billion, with 86% concentrated in two entities: the NovaAndino lithium venture with SQM and a 29.5% stake in Anglo American Sur. The article suggests potential reasons for Codelco to sell some of these stakes.

Codelco Union threatens protests amid fallout from misreporting. Copper prices decline as industrial metals markets sour ahead of new US tariffs under Donald Trump.

Codelco, Chile's state-owned copper mining company, has fired an executive for overstating copper output figures. The incident represents a significant compliance and governance issue at one of the world's largest copper producers. The action reflects Codelco's effort to maintain transparency and accountability in reporting.

Codelco aims to gain $2 billion from unifying copper mines in Chile. The move comes amid labor disruptions, including protests at the Chuquicamata copper mine and potential strikes at BHP Billiton Ltd.'s Escondida mine. This unified effort may impact the copper mining industry.

Chile is overhauling Codelco's governance amid debt concerns, copper prices have retreated from a nine-month high due to souring sentiment in industrial metals markets ahead of new US tariffs. The retreat comes as US President Donald Trump announces new tariffs. Chile's Codelco is a major player in the copper industry.

Codelco, Chile's state-owned copper company, aims to increase production by 2027 to regain its position as the world's top copper producer. The company is preparing shipments of copper anodes from its El Olivar facility as part of this strategy.