Headquarters
    Chile
    Stock Exchange Listings
    Not listed
    Workforce
    Employees: 18,036 (31/12/2018)
    Contract workers: 47,028 (31/12/2018)
    Total: 65,064 (31/12/2018)
    Geographic Footprint
    Producing countries: 1
    Known tax jurisdictions: 10
    Revenues (in BUSD)
    Total Revenue: 14.309 (31/12/2018)
    Net Income: 0.189 (31/12/2018)
    State Ownership
    Chile: 100
    2017 Fatalities
    Total worker fatalities: 2
    • Employees: 2
    • Contract workers: 0
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 4
    • Employees: 2
    • Contract workers: 2
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    While absolute results remain low overall, CODELCO shows one of the three stronger results in Working Conditions, in part as the company has a corporate system designed to address the health and safety needs of women workers, as well as guidelines on preventing sexual harassment of women workers. The company also shows evidence of systematic engagement with worker representatives in tracking the company’s performance on health and safety and designing and monitoring actions to improve health and safety.

    CODELCO ranks 12th among the 38 companies on its mine-site-level results, though with an average score of only 17% in the mine-site assessment.

    In the company-wide assessment, CODELCO shows relatively stronger results on the issue of emergency response planning. The company has a corporate standard designed to ensure its operations develop such plans and engage with local communities in the design and testing of these plans.

    In a sign of its continuous improvement efforts since the RMI Report 2018, CODELCO recently made a formal commitment to respect human rights, in line with the UN Guiding Principles.

    CODELCO is associated with several leading practices, including its corporate guidelines to prevent gender-based violence, harassment and discrimination, promote women workers’ careers, enable safe working conditions for women and promote healthy family life.

    On the other hand, CODELCO’s results are below the average across all 38 companies in two thematic areas: Economic Development and Community Wellbeing. And CODELCO’s overall results are limited by a lack of evidence of action on, for example, ensuring gender balance on its Board and in its senior management, supporting procurement from national suppliers, and tracking and reviewing its performance on progressive rehabilitation. In addition, the company has yet to show evidence of tracking its performance on managing human rights issues.

    Moreover, none of the six CODELCO mine sites assessed show any relevant evidence for four of the issues covered in the mine-site assessment: disclosure of numbers of local people employed, disclosure of local procurement spend, disclosure of water quality data, and an approach to emergency preparedness that informing affected communities about the emergency response plans and involving these communities in the testing of these plans.

    Overall results

    Economic Development

    1.14 / 6.002020
    1.80 / 6.002018

    Business Conduct

    1.95 / 6.002020
    1.81 / 6.002018

    Lifecycle Management

    2.21 / 6.002020
    0.75 / 6.002018

    Community Wellbeing

    0.84 / 6.002020
    0.44 / 6.002018

    Working Conditions

    2.60 / 6.002020
    2.48 / 6.002018

    Environmental Responsibility

    2.10 / 6.002020
    1.51 / 6.002018

    Average Mine-Site Score

    17.2%2020
    2020
    1.14
    score / 6
    2018
    1.80
    score / 6

    Economic Development

    2020
    1.95
    score / 6
    2018
    1.81
    score / 6

    Business Conduct

    2020
    2.21
    score / 6
    2018
    0.75
    score / 6

    Lifecycle Management

    2020
    0.84
    score / 6
    2018
    0.44
    score / 6

    Community Wellbeing

    2020
    2.60
    score / 6
    2018
    2.48
    score / 6

    Working Conditions

    2020
    2.10
    score / 6
    2018
    1.51
    score / 6

    Environmental Responsibility

    2020
    17.2
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    ChuquicamataEl AbraEl TenienteGabriela MistralRadomiro TomicSalvador
    Local Employment
    (score /3)
    0.00.00.00.00.00.0
    Local Procurement
    (score /3)
    0.00.00.00.00.00.0
    Post-Closure Plans
    (score /3)
    0.50.00.50.50.50.5
    Community Grievances
    (score /3)
    0.52.00.50.50.50.5
    Worker Grievances
    (score /3)
    1.50.51.51.51.51.5
    Air Quality
    (score /3)
    2.00.01.01.02.00.0
    Water Quality
    (score /3)
    0.00.00.00.00.00.0
    Water Quantity
    (score /3)
    1.01.01.01.01.01.0
    Tailings Management
    (score /3)
    1.0-1.0-0.01.0
    Emergency Preparedness
    (score /3)
    0.00.00.00.00.00.0
    Mine-site Score
    (%)
    21.713.018.316.718.315.0

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    AndinaRío BlancoChile100Molybdenum, Copper, SilverOpen-pit, Underground
    Chuquicamata-Chile100Molybdenum, Copper, Gold, SilverOpen-pit
    El Abra-Chile49CopperOpen-pit
    El TenienteLieutenant, Diablo Regimiento, Esmeralda, Pipa NorteChile100Molybdenum, Copper, Gold, SilverOpen-pit, Underground
    Gabriela MistralGabyChile100CopperOpen-pit
    Ministro Hales-Chile100Copper, SilverOpen-pit
    Radomiro TomicDamianaChile100Molybdenum, CopperOpen-pit
    Salvador-Chile100Molybdenum, Copper, Gold, SilverOpen-pit, Underground

    Shareholders (known)

    As of: 31/12/2018Shares (%)
    State of Chile100.00%

    Beneficial Owners (known)

    As of: 31/12/2018Shares (%)
    Republic of Chile100

    Subsidiaries (known)

    As of: 31/12/2018Country
    Agua de la Falda S.A.Chile
    Anglo American Sur S.A.Chile
    Asociación Garantizadora de PensionesChile
    Central Eléctrica Luz Minera SpAChile
    Centro de Especialidades Médicas Río Blanco Ltda.Chile
    Centro de Especialidades Médicas San Lorenzo Ltda.Chile
    Chile Copper LimitedUK
    Clinica Río Blanco S.A.Chile
    Clinica San Lorenzo LimitadaChile
    Cobrex Prospeccao MineralBrazil
    Codelco Canada LimitedCanada
    Codelco do Brasil MineracaoBrazil
    Codelco Group Inc.USA
    Codelco International LimitedBermuda
    Codelco Kupferhandel GmbHGermany

    Tax Jurisdictions (known)

    Bermuda

    Brazil

    Canada

    Chile

    China

    Ecuador

    Germany

    Jersey

    UK

    USA

    Investor / State Disputes
    (since 2014)

    No case