Codelco and Antofagasta Minerals sign collaboration agreement

This Codelco press release was published in English using an automatic translation system.

The CEOs of Codelco, Rubén Alvarado, and Antofagasta Minerals, Iván Arriagada, today signed a framework agreement to collaborate in the identification and future development of initiatives around some of the main challenges that both companies face, in areas such as extraction, metallurgical processes, tailings monitoring and management, digital transformation, open and operational innovation, and operational excellence.

Both companies seek to share best practices in more sustainable mining by working together on the main challenges facing the industry and its production processes, such as the growing demand for copper to enable the global energy transition.

This agreement establishes a framework with a steering committee and task forces made up of professionals from both companies, who will interact periodically to identify and agree on initiatives that can later be structured as joint projects.

In this regard, Rubén Alvarado, CEO of Codelco, stated that “this strategic collaboration agreement is excellent news. We are opening the doors to jointly promote the development and validation of innovations in different areas, ranging from the optimization of mining operations to the search for new solutions and disruptive technologies that allow sustainable mining with a vision for the future. Exchanging knowledge, experiences and the best practices of the industry strengthens our commitment as a pillar of the country's development to deliver to the planet the copper it so badly needs for the energy transition.”

For his part, Iván Arriagada, CEO of Antofagasta Minerals, said that “agreements like this are the basis for building the infrastructure that will support the energy transition that, as an industry and a country, we need to achieve as soon as possible. It allows us to collaborate in the development of tests that enable new technologies, in decarbonization and tailings, for example, sharing the development and implementation costs.”