Deals and financing (6)

1. 2025-09-16 · Joint venture · signed

   Codelco → Anglo American · Andina-Los Bronces joint mining plan

   Codelco and Anglo American signed the definitive agreement for a joint mining plan across Andina and Los Bronces, run by a jointly owned operating company, expected to add about 120,000 t/y of copper over 21 years from around 2030.

   official release

2. 2025-05-19 · Joint venture · signed · US$900 m

   Rio Tinto → Codelco · Salar de Maricunga

   Rio Tinto signed binding agreements to take a 49.99% stake in Codelco's Salar de Maricunga lithium company, committing USD 350 million for studies, USD 500 million at FID and USD 50 million if first lithium is achieved by end-2030.

   official release

3. 2025-03-28 · Government loan · signed · US$666 m

   Japan Bank for International Cooperation (JBIC) and a private co-lender → Corporación Nacional del Cobre de Chile (CODELCO) · Copper concentrate supply to Japanese smelters

   JBIC signed a loan of up to USD 466 million to Codelco, co-financed to USD 666 million, tied to the stable import of Codelco copper concentrates by Japanese manufacturers.

   official release

4. 2024-05-31 · Joint venture · completed

   Codelco → SQM · Salar de Atacama (NovaAndino Litio)

   Codelco and SQM signed a partnership agreement to jointly develop lithium and potassium production on Corfo's Salar de Atacama properties for 2025-2060, with Codelco holding 50% plus one share; the JV, NovaAndino Litio, became effective in December 2025.

   official release

5. 2023-11-08 · Joint venture · completed · US$45 m

   Rio Tinto → Codelco · Nuevo Cobre / Agua de la Falda (Atacama)

   Rio Tinto completed its USD 45 million purchase of Pan American Silver's 57.74% operating stake in Agua de la Falda and formed the Nuevo Cobre exploration joint venture with Codelco in Chile's Atacama region.

   official release

6. 2023-10-17 · Acquisition · completed · US$244 m

   Codelco → Lithium Power International Limited · Proyecto Blanco, Salar de Maricunga

   Codelco agreed to acquire all shares of ASX-listed Lithium Power International, owner of the Proyecto Blanco lithium project in the Salar de Maricunga, at AUD 0.57 a share, valuing it at AUD 385 million (about USD 244 million).

   official release