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Codelco (Corporación Nacional del Cobre)

Codelco (Corporación Nacional del Cobre)

State-owned mining company

Appears in 1 story

Stories

Chile reverses state-led mining strategy as Kast takes office

Rule Changes

Facing governance review under new administration

Chile produces roughly a quarter of the world's copper and holds the largest lithium reserves on Earth. President Kast took office March 11, 2026, to reverse his predecessor's approach by scrapping plans for a national lithium company, opening the sector to broader private investment, and unlocking $105 billion in stalled mining projects.

Updated May 30