How we deliver our purpose
'Developing mining for a better future'
In order to deliver a better future we need a robust strategy. Our five strategic pillars are the key areas we focus on as a business, and these will drive us onwards to achieve our purpose.
Our vision is to be an international mining Company, focused on copper and its by-products, known for its operating efficiency, creation of sustainable value, high profitability and as a preferred partner in the global mining industry.
For whom we want to achieve our purpose:
- Planet
Our vision of a better future reflects the quest for a more sustainable planet, with copper playing a central role in global energy security, electrification, economic progress and improved livelihoods around the world. - Society
Our vision of a better future is one that is developed together with local communities, aiming for a society that recognises the economic and social value generated by mining - Organisation
To tackle the challenges that we face in our daily operations and growth, we need a robust organisation that consistently meets these challenges and is grounded in clear and unshakeable values and principles. Our vision of a better future therefore encompasses our ethical organisational behaviour and continuous pursuit of a sustainable culture of trust, inclusivity, collaboration, agility and willingness to embrace change and continuous learning.
- People
Our success relies on having the best people at the heart of everything we do. Our vision of a better future would be incomplete without the shared values of our workforce: a diverse and inclusive group of individuals open to learning and to enjoying personal and professional growth, who strive for excellence in their results.
How we will achieve our purpose through our five strategic pillars:
Our strategy is built around five pillars, each of which has defined long-term objectives with short- and medium-term goals.
Safety and sustainability
Emphasising safety and sustainability to enhance our current operations, and looking to the future.
Key initiatives:
- Advanced analytics for real-time safety monitoring.
- Engineering projects to manage occupational risks.
- Somos Choapa second cycle.
- Water efficiency programme.
2025 Performance:
- Zero fatal accidents in 2025 and more than 30% reduction in the Group’s lost time injury frequency rate since 2020.
- 37% decrease in total Mining Division emissions (Scope 1 and 2) since 2020 (market based).
- 100% renewable energy contracted (Mining Division).
People and culture
Investing in people and fostering a positive culture to cultivate the talent necessary for a better future.
Key initiatives:
- Leadership Academy.
- Excellence Academy.
- Digital Academy.
- Young Professionals Programme.
- Unified Recognition Platform.
- Mentoring Programme.
2025 Performance:
- 3,500+ employees trained via Leadership Academy.
- 2,500+ participants in Digital Academy.
- 3,400+ formal recognitions registered.
- Advanced certification under Chilean Norm N°3262.
Competitiveness
Our competitiveness is key to us achieving excellence and creating long-term value.
Key initiatives:
- Competitiveness Programme.
- Operational Excellence Management System (SGE).
- Time on Tools methodology.
- Integrated Remote Operating Centres (IROCs).
- Predictive Maintenance (PdM).
2025 Performance:
- 653,700 tonnes of copper produced at a net cash cost of $1.19/lb (2024: 664,000 tonnes at net cash cost of $1.64/lb).
- EBITDA margin remains strong at 60% (2024: 52%).
- Competitiveness Programme delivered benefits of $115 million, surpassing target of $100 million.
Innovation
Through innovation we are constantly committed to pushing back boundaries and exploring new ways of advancing.
Key initiatives:
- SIRO MINCO (Integrated System of Operational Recommendations Mine and Concentrator).
- ShovelSense enables real-time ore grade measurement.
- Cuprochlor-T® (primary sulphide leaching technology).
- Latin America’s first hydrogenpowered locomotive at FCAB.
2025 Performance:
- Expanded integration of the operating model for our Integrated Remote Operating Centres.
- Deployment of robotic maintenance, real‑time ore‑sensing and predictive blasting analytics.
- Workstream to commercially validate Cuprochlor-T® with third parties.
Growth
Growth to continue contributing to the development of a better future.
Key initiatives:
- Construction: Centinela Second Concentrator Project and Los Pelambres Growth Enabling Projects.
- EIA approved: Zaldívar Mine Life Extension and Water Transition Project.
- EIA submitted (2024) and review underway: Los Pelambres Development Options Project.
2025 Performance:
- Major construction projects remain on track and on budget.
- Centinela Second Concentrator Project reached more than 50% completion in Q4 2025.
- Los Pelambres Growth Enabling Projects reached more than 35% completion in Q4 2025.
Our strategic pillars are underpinned by our values.
Read more about our strategic pillars on pages 16-18 of the 2025 Annual Report.