Codelco Cuts 2025 Output by 33,000 Tons to 316,000 Tons, Projects US$350 Million Loss After El Teniente Accident

Codelco, Chile's state-owned copper mining company, announced a downward revision of its 2025 production target following a fatal accident at its El Teniente mine. The company expects El Teniente's output to be 316,000 tons in 2025, reflecting a reduction of 33,000 tons due to the incident. The accident has also led Codelco to project losses of approximately $350 million resulting from the mine's operational halt. Separately, a mining company controlled by Martín Borda stated it is viable but requires restructuring to avoid bankruptcy.