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Codelco replaces top executives at El Teniente mine after investigation

Codelco replaced top executives at El Teniente today after an audit found hidden data regarding a 2023 collapse. New leaders will now manage the flagship mine.

Insights:
State-owned Codelco announced on February 13, 2026, that it is replacing several top executives at its El Teniente mine following an internal audit that uncovered inconsistencies and the concealment of reported technical aspects. The investigation was initiated after a deadly collapse on July 31 and also reviewed a prior 2023 rock explosion. The findings indicated that certain technical elements were handled improperly, leading to the decision to overhaul leadership at the company's flagship operation in Chile CLCL.
A helmet bearing the names of miners trapped in the El Teniente mine complex, operated by Codelco, is displayed during a candlelight vigil in Rancagua, Chile, on August 2, 2025, as rescue efforts continue following a tremor at the Andesita unit. REUTERS/Pablo Sanhueza
A helmet bearing the names of miners trapped in the El Teniente mine complex, operated by Codelco, is displayed during a candlelight vigil in Rancagua, Chile, on August 2, 2025, as rescue efforts continue following a tremor at the Andesita unit. REUTERS/Pablo Sanhueza
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