Codelco is the main copper producer in the world. The Corporation also controls around 20% of the world reserves of this metal.

The Name Codelco represents the Corporación Nacional del Cobre de Chile, an autonomous company owned by the Chilean State which main business is the exploration, development and exploitation of copper mineral resources and byproducts, their processing to refined copper and its commercialization.

Codelco has more than US$ 16.039 billion in assets, and in 2009, its equity totalled US$ 5.309 billion. In 2009, Codelco produced 1.78 million metric tons of refined copper (including its interest in El Abra mine). This figure is equivalent to 11% of the world copper production. Its key commercial product is Grade A copper cathodes.

The Company develops its operations through four mining divisions plus the Ventanas Smelter and Refinery, owned by Codelco since May 2005. Its corporate strategy is coordinated from its Head Office in Santiago, Chile.

The Company also has ownership interest in several important mining companies, such as in Minera Gaby S.A., where it holds 100%, and El Abra, with a 49% stake; and other mining partnerships in geological operations both in Chile and abroad.

The Board of Directors is the highest authority in the Company which consists of nine members.