Anglo American and Codelco to Implement Joint Mine Plan for Chilean Copper Mines

SEATTLE (Scrap Monster): Anglo American Sur S.A. (AAS) – a subsidiary of Anglo American plc. and Codelco have entered into a definitive agreement to implement a joint mine plan for their  Los Bronces and Andina  copper operations in Chile. The memorandum of understanding (MoU) for the agreement was announced in February 2025.

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Over a 21-year period, the combined mine plan seeks to unlock an additional 2.7 million tonnes of copper production. By combining some operations at Codelco's Andina mine with Anglo American's Los Bronces mine, the move will increase annual production by around 120,000 metric tons of copper while lowering expenses per ton by about 15%.

The combined output from Los Bronces and Andina would place among the top five copper mines worldwide with the expected increase in production under the joint mine plan. The two nearby mines' mining operations would be coordinated with the infrastructure and plant capacity now in place.

AAS and Codelco will share ownership and control of the new operating business. Both parties will receive an equal portion of the copper output and the financial gains made possible by the plan, as well as any related expenses and liabilities.