Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chilean copper producer Codelco plans to cut carbon emissions by 70pc, recycling 65pc of its industrial waste and reducing water consumption by 60pc by 2030.


In a statement on Dec 14, Codelco noted that it will reduce its emissions by creating what it calls a 100pc clean energy matrix by replacing all underground production equipment with electric vehicles and venture into the use of green hydrogen.


The miner has also committed to decreasing its water footprint by installing a desalination plant in its mining division Distrito Norte, which is expected to start in 2022. The miner will also recycle 100pc of tires used and increase recycling of solid industrial waste such as steels, woods, packaging materials, organic waste, and other scrap metal.


Codelco produced 159,000mt in October, up from 3.5pc from the prior year. The company’s copper output also rose in January to October by 2.9pc from the prior period.



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