Codelco expects El Teniente copper output to remain low for five years

Production at the world's largest copper miner will face a five-year slump following a fatal accident. The mine targets 301,000 tons for the current year.

Codelco (SY:CODELCO) announced on February 10, 2026, that production at the El Teniente mine (SY:EL_TENIENTE_MINE) will remain depressed for approximately the next five years. This revised outlook extends the previously estimated three-year impact window following a fatal collapse at the site last year. The company, which is the world’s largest copper miner, expects to produce about 301,000 metric tons of copper from the facility this year.
The logo of Codelco, the world's largest copper producer, is seen at its headquarters in Santiago, Chile, March 29, 2018. REUTERS/Ivan Alvarado/File Photo
The logo of Codelco, the world's largest copper producer, is seen at its headquarters in Santiago, Chile, March 29, 2018. REUTERS/Ivan Alvarado/File Photo
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