Codelco
Rancagua Court limits prosecutor requests in El Teniente case
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The Rancagua Guarantee Court accepted Codelco's request for guarantees and restricted the scope of the prosecutor's information requests in the investigation into the deaths of six workers in July 2025.
Senator Esteban Velásquez introduced a constitutional reform to enable the Comptroller General of the Republic to oversee state companies such as Codelco.
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Mining industry sources indicate that Rubén Alvarado's days as executive president of Codelco are numbered. A replacement would be announced in the coming weeks.
Chile's FNE and antitrust bodies from China, Brazil, and South Korea have approved the joint Andina-Los Bronces mining plan between Codelco and Anglo American. The deal, signed in February 2025, will enable 120,000 additional tonnes of fine copper per year from 2030 to 2051. Codelco board chairman Máximo Pacheco said it will unlock greater potential in the mining district.
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Alfredo Enrione, director of the Center for Corporate Governance and Society at ESE Business School, responds to César Barros's analysis of corporate accidents. He disagrees that the El Teniente case was less predictable than La Polar, arguing that risk signals were evident in seismic data and Sernageomin reports.