“The agreement is based on the joint search for actions and work plans that provide sustainability to the mining business in the medium and long term,” Codelco said in a statement, but it did not specify the financial details of the contract.

The 36-month agreement, which will come into effect at the end of May, includes 193 members

Ministro Hales suffered a pit wall collapse at the end of 2021, a situation that’s still impacting the mine’s operations.

As of the third quarter of 2023, the deposit reached a production of 81,000 metric tons of copper, compared to 109,000 tons in the same period of the previous year.