FUNDICIÓN TALLERES S.A.
December 31st, 2006

Legal Status
Fundición Talleres S.A. is a limited company established August 11th 2003, notarized by Jose Musalem Saffie, Santiago.
RUT: 99.532.410-5

Capital subscribed and paid in
Capital subscribed and paid as of 31 December 2006, was US$9,494,000.

Purpose
The purpose of the company is to manufacture and sell scrap steel castings and in general carry out manufacturing and commercial activities in the field of metallurgy and metal-mechanics.

Board of Directors
Cirilo Elton González, President
Alejandro García-Huidobro Ochagavía
Felipe Izquierdo Íñiguez
José Robles Becerra (*)
Hernán Sepúlveda Astorga (*)

General Manager
Enrique Valdivieso Valdés

Commercial Relations with Codelco
Codelco holds 40% of the shares of the company, and the Talleres Rancagua smelter maintains a commercial relation as a supplier of strategic elements such as grinding pieces for milling, crushers, smelting and earth movement, among other applications. Additionally, the smelter, through its maintenance business unit, provides repair services to the crushers and smelting ladles.

Contracts with Codelco
• Corporate auction 2002-2006, elements of GAB DIMO 037/2002 scarp steel casting, supply of CFU-081-02, mill replacement parts, second SAG plant, El Teniente Division, framework contract Nº 5500001977.
Ladle repair contract, 2006-2009.
Crusher repair contract and various services, 2004-2007.
Primary crusher spare part supply contract, 2004-2006.
Cast steel elements supply contract, July-December 2006.

Investment as a percentage of total head office
2006 Investment in jointly held firm US$10,654,000.
2005 Investment in jointly held firm US$9,347,000.
Total investment as a percentage of head office assets: 0.083%, 2006.