Strategy
Time outlook
Mining is a long-term business. Codelco defines its planning horizons as follows: short term covers thenext 12 months, medium term extends up to five years, and long term begins in the sixth year and beyond.
Learn moreOn Codelco’s business strategy
We aim to maximize our economic, environmental, and social value, as well as our contribution to the State in a sustainable manner, we have defined a strategy to project our leadership for the next 50 years. This is structured around six strategic objectives.
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On the strategic objective of sustainability
The socio-environmental goals represent these six aspirations for 2030, designedin alignment with the UN Sustainable Development Goals (SDGs) that Codelco signed onto in 2016, addressing society’s expectations for a new approach to mining.
Learn moreOur investment
and project plan
In our Business and Development Plan (BDP), we outline the most probable business scenario for the company, we define a portfolio of projects and project the investment expenditures for the next 25 years. We update this plan annually, based on the analysis of strategic alternatives.
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Sources of financing
Our long and respected track record in local and international markets has enabled us to access financial markets in North America, Asia, and Europe through bond issues and bilateral and syndicated loans.
Project portfolio by division
Chuquicamata Division
- Chuquicamata Subterránea: 73,5% progress
- Thickened Tailings of the Talabre Dam: 14% progress
- Stage IX of Tranque Talabre: 44% progress
Project portfolio by division
Radomiro Tomic Division
- Radomiro Tomic Sulfides II: studies stage.
- Desalination Plant for North Operations: 63% progress
- Secondary leaching of ripios, phase IX: 52% progress
Project portfolio by division
Andina Division
- Traspaso Andina project: began operations in April 2024
- North Overburden Deposit: 72% progress
- Replacement of Mine Maintenance Infrastructure at Elevation 4000, Stage 2: 87% progress
- Connectivity Works for Node 3500: 65% physical progress; this infrastructure is scheduled to start in 2025
Project portfolio by division
El Teniente Division
- El Teniente Project Portfolio: Andes Norte and Andesita are scheduled to start production in 2025
- Carén tailings deposit: 51% progress
