Escondida
Escondida
Critical Minerals Investment Escondida
World's largest copper mine
Escondida is the largest copper mine in the world by production. The first shipment of copper concentrate from Escondida took place in 1990. Following subsequent expansion phases, Escondida produces over 1.0 million tons per annum of copper concentrate and copper cathode. In addition to being the largest copper mine by production, the size of Escondida's copper reserve and its cost competitiveness make it one of the world's prime mines.
Critical Minerals Investment
The Critical Minerals Division oversees a portfolio of assets and projects that encompass copper, aluminum, nickel, and lithium, operating across diverse regions such as the Americas and Australia. Our strategic focus lies in investing in and fostering the development of these projects to bolster the stable supply of critical minerals. This objective aligns with the projected surge in demand over the mid to long term, driven by the accelerating trends of electrification including electric vehicle (EV) deployment.
By leveraging our capabilities with those of the Mineral Resources Trading Division and other key business units, our overarching goal is to adeptly cater to the evolving needs of customers worldwide, ensuring that we remain at the forefront of meeting the growing demand for critical minerals.
