• Short Name: Codelco

• Other Name: State copper company Codelco

• Address: Huérfanos #1270, Comuna Santiago

• Phone: 56-2-6903000

• Fax: 56-2-6903059

• City: Santiago

• State: Región Metropolitana

• PO Box: 150-D

• Country: Chile

• Website: http://www.codelco.cl

• General Email: comunica@codelco.cl

• Regional Presence: Chile

Description:

Chile's state-owned Codelco is the world's largest copper producer. It explores for copper, develops and operates mines, refines and sells copper, and its by-products such as molybdenum, gold dore and sulfuric acid, worldwide. It has four mining and mineral processing divisions (Codelco Norte, Salvador, Andina, El Teniente) plus the Talleres workshops and Ventanas refinery/smelter.

Last Update: Friday, November 14, 2008

Research by: Erin Ahmed

Related News & Research:

Related News

• Codelco lowering China copper premium to US$72/t only in special cases Met 05/Jan/09 - Chile, Regional
• Codelco aims to use RFID technology for exports in 1H09 MIN 31/Dec/08 - Chile
• Federation: Mining sector job losses in the thousands MIN 31/Dec/08 - Chile
• Codelco, Minmetals looking to do business together in 2009 Met 30/Dec/08 - Chile
• Codelco sells 49% stake in Pecobre to Peñoles for US$5mn MIN 30/Dec/08 - Chile, Mexico
• Codelco to post bidding information on company website MIN 24/Dec/08 - Chile
• Codelco sees many synergies in Los Bronces-Andina mines working together MIN 22/Dec/08 - Chile
• Enami transfers option for 49% of Los Bronces to Codelco MIN 19/Dec/08 - Chile
• Codelco to spend US$68mn on infrastructure to expand El Teniente MIN 16/Dec/08 - Chile
• Codelco urges contractors to work together to raise productivity MIN 15/Dec/08 - Chile

Related News & Research

Related News

• Codelco lowering China copper premium to US$72/t only in special cases Met 05/Jan/09 - Chile, Regional
• Codelco aims to use RFID technology for exports in 1H09 MIN 31/Dec/08 - Chile
• Federation: Mining sector job losses in the thousands MIN 31/Dec/08 - Chile
• Codelco, Minmetals looking to do business together in 2009 Met 30/Dec/08 - Chile
• Codelco sells 49% stake in Pecobre to Peñoles for US$5mn MIN 30/Dec/08 - Chile, Mexico
• Codelco to post bidding information on company website MIN 24/Dec/08 - Chile
• Codelco sees many synergies in Los Bronces-Andina mines working together MIN 22/Dec/08 - Chile
• Enami transfers option for 49% of Los Bronces to Codelco MIN 19/Dec/08 - Chile
• Codelco to spend US$68mn on infrastructure to expand El Teniente MIN 16/Dec/08 - Chile
• Codelco urges contractors to work together to raise productivity MIN 15/Dec/08 - Chile
• Codelco Andina CEO resigns MIN 15/Dec/08 - Chile
• Codelco executive: Company will break even in 2009 with US$1.65/lb copper MIN 15/Dec/08 - Chile
• Corfo's mining investments total US$373mn MIN 11/Dec/08 - Chile
• Sonami: US$10bn in mining investments could disappear MIN 11/Dec/08 - Chile
• Minister: Codelco earnings in 2009 to shrink to US$1bn MIN 10/Dec/08 - Chile
• Codelco officially inaugurates 150,000t/y Gaby mine MIN 09/Dec/08 - Chile
• Codelco approves 2009 capex budget of roughly US$2bn MIN 28/Nov/08 - Chile
• Cochilco: Global mine output to rise 2.1% in 2008 MIN 24/Nov/08 - Regional
• FCX could decide this week fate of El Abra expansion MIN 24/Nov/08 - Chile
• Tin, copper prices dive on weaker Chinese demand Met 20/Nov/08 - Regional
• Fitch affirms A rating, stable outlook for Codelco MIN 18/Nov/08 - Chile
• Mining minister visits Far East to assess copper market MIN 14/Nov/08 - Chile
• Codelco official returns from Asian search for new suppliers MIN 13/Nov/08 - Chile
• Amerigo takes US$10.4mn net loss in Q3 Met 07/Nov/08 - Chile
• ICA ups 2009 budget to US$95mn Met 06/Nov/08 - Regional
• Codelco's Gaby reaches full output, starts expansion MIN 06/Nov/08 - Chile
• Codelco output down 7.83% in January-September, profits suffer MIN 30/Oct/08 - Chile
• Codelco Norte expects 10% output decline in 2008 MIN 28/Oct/08 - Chile
• Codelco president: Company not taking losses with US$1.808/lb copper MIN 23/Oct/08 - Chile
• FCX to cut US$2bn from budget, including Cerro Verde, El Abra expansions MIN 21/Oct/08 - Chile, Peru
• FCX Q3 profits plummet 32.5% MIN 21/Oct/08 - Chile, Peru
• Codelco teams up with university to design closure plan for Salvador MIN 21/Oct/08 - Chile
• FCX mulls changes to projects, cost structure due to falling copper prices MIN 14/Oct/08 - Chile, Peru
• Codelco to process, sell acid from Potrerillos smelter Met 14/Oct/08 - Chile
• Candelaria to build US$33mn aqueduct in region III MIN 12/Sep/08 - Chile
• Codelco mulls JVs abroad MIN 10/Sep/08 - Chile, Ecuador
• Commission: Codelco's midterm output projections too low MIN 18/Aug/08 - Chile
• Cochilco: Codelco must improve transparency MIN 18/Aug/08 - Chile
• Codelco H1 pre-tax profits sink 12% on low grades, disruptions, costs MIN 08/Aug/08 - Chile
• Codelco adds 400Mt grading 0.6% copper to resources with new deposits MIN 07/Aug/08 - Chile
• Anglo American hints Enami buyback of Los Bronces would be expensive MIN 31/Jul/08 - Chile
• Cochilco forecasts 3% rise in global copper mine output in 2008 MIN 31/Jul/08 - Regional
• Mining council calls for royalties to be put to good use MIN 14/Jul/08 - Chile
• El Abra approves plan to extend life until 2020 MIN 08/Jul/08 - Chile
• Mining minister asks Codelco to mull buying 49% of Los Bronces MIN 24/Jun/08 - Chile
• Most large copper miners avoid direct impact of trucker strike MIN 06/Jun/08 - Chile
• Cochilco forecasts 6-year copper deficit to end in 2009 Met 04/Jun/08 - Chile, Regional
• Minister heads up mining cluster council MIN 29/May/08 - Chile
• Lawmakers, economists make joint proposal for Codelco partial float MIN 26/May/08 - Chile
• Codelco: Copper miners top Econsult EVA ranking MIN 19/May/08 - Chile
• Cu price stable as high stocks quash supply fears Met 09/May/08 - Chile, Regional
• Cu price levels off Friday at US$3.901/lb Met 25/Apr/08 - Chile, Regional
• Exploration future lies in small, midsize segment, but with many obstacles MIN 16/Apr/08 - Chile
• Govts sign mining co-op agreement MIN 11/Mar/08 - Ecuador
• Third of nation's Cu output threatened by power cuts MIN 10/Mar/08 - Chile
• Cochilco: Mining investments to hit US$22bn in 2007-2011 MIN 25/Jan/08 - Chile
• Experts urge Codelco to see Vale as privatization model MIN 15/Jan/08 - Brazil, Chile
• Minister: Investment to top US$17bn over 7yrs MIN 31/Dec/07 - Chile
• Los Pelambres already hired 38 outsourced workers MIN 20/Dec/07 - Chile
• Govt releases first outsourcing study, miners up in arms MIN 03/Dec/07 - Chile

Related Research Reports

• Standard & Poor's: Republic of Chile Rating Raised One Notch To 'A+'; Outlook Stable
• Fitch Chile: Corporación Nacional del Cobre de Chile (Codelco-Chile)
• LatAm Mining, 2007 Year in Review & Outlook for 2008
• Cochilco: Abastecimiento Eléctrico para la Minería del Cobre (Julio 2008)
• 5th BNamericas EIC: "Planificación y Respuestas a las Necesidades Eléctricas en Chile"
• Cochilco: Situación Actual de Abastecimiento Eléctrico para la Minería del Cobre (Julio 2008)
• Cochilco: Desafíos Estratégicos de la Política Minera
• Fitch Revises Outlook for ENAP and Codelco's IDR to Stable; Affirms Ratings
• 5th BNamericas EIC: "Energía en Chile, Desafíos y Política"

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