Anglo American and Codelco Finalize Agreement to Integrate Chilean Copper Mine

Published: Jun 29, 2026 09:54

Save

Anglo American and Chile's state-owned miner Codelco have completed a definitive agreement to integrate the mine plans for the adjacent Los Bronces and Andina copper operations after receiving all required regulatory approvals. The joint mine plan is expected to deliver an additional 2.7 million tonnes of copper between 2030 and 2051, generating more than US$5 billion in pre-tax net present value, with benefits shared equally by both companies.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

57 mins ago

Approaching mid-year settlement, suppliers actively cut prices to sell; spot trades sluggish [SMM South China Spot Copper]

57 mins ago

1 hour ago

Ample Supply amid the Semi-Annual Report Period, Downstream Caution Flattens Spot Discounts [SMM North China Spot Copper]

Today, spot #1 copper cathode in North China against the front-month contract was quoted at an average discount of 170 yuan/mt to 110 yuan/mt, with the average discount at 140 yuan/mt, unchanged from the previous trading day. The transaction prices averaged 102,310 yuan/mt, an increase of 875 yuan/mt from the previous trading day.

1 hour ago

【SMM Flash】Russia Extends Industrial Sulphur Export Ban Through End-2026

Russia has officially extended its temporary sulphur export ban until December 31, 2026, according to Government Decree No. 785 signed on June 25, 2026. The ban was originally set to expire on June 30. The restriction continues to cover liquid, granular and lump sulphur. The Russian government stated that the move aims to prioritise domestic fertiliser production and safeguard national food security. Exemptions apply to exports destined for Eurasian Economic Union (EAEU) member states (including Belarus, Kazakhstan, etc.), as well as Abkhazia and South Ossetia. Sulphur shipments for humanitarian aid and international transit are also permitted under special licenses. The impact of the ban and broader market conditions has weighed on domestic output: Russia's industrial gaseous sulphur production fell 19% year-on-year to 1.75 million tonnes in January-May 2026.

1 hour ago