Codelco
Coverage of Codelco in the Nexus archive.
- The World’s Top Copper Miner Changes Its Boss Mid-Crisis
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 $6.4 Billion in Side Bets, and Why It May Sell Some
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 as Misreporting Fallout Spreads
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 Fires Executive for Overstating Copper Output in Chile
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 Eyes $2 Billion Gain From Unifying Copper Mines in Chile
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 Signals Codelco Governance Overhaul Amid Debt Concerns
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 Targets Higher 2027 Output to Reclaim Top Copper Spot
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.