Press release

On July 8, 2024, Hot Chili Ltd. (“HC”) made an announcement regarding the incorporation of a new company “Aguas para el Huasco SpA” (“Huasco Water”). With respect to this announcement, Compañía Minera del Pacífico (“CMP”) clarifies that this new company was formed as part of a corporate restructuring process, whose sole purpose was to rationalize its assets by separating the mining and water assets of “Sociedad Minera El Águila SpA” (“SMEA”), a company of HC and CMP in a proportion of 80% and 20% respectively. The restructuring process consisted of the creation of this new spin-off entity, Huasco Water, to which certain water assets were assigned, while SMEA retained the mining assets.

In relation to the above, CMP clarifies that there is no current business plan involving any of its own operations and the newly created Huasco Water vehicle.

CMP and Japan Bank for International Cooperation Sign Memorandum of Understanding to Strengthen Cooperation in the Field of Carbon Neutral Growth

The memorandum of understanding (MoU) between Chile’s largest iron ore supplier, Compañía Minera del Pacífico (CMP) and the Japan Bank for International Cooperation (JBIC) will strengthen their relationship and promote the structuring of projects to increase the resilience of high-quality iron ore supply chains, which contribute to the transition to carbon neutrality in steel production processes.

We are the first mining company to promote an executive committee with gender parity

Compañía Minera del Pacífico (CMP) announced the appointment of three new managers to its executive committee, which as of March 1, 2023 will be made up of five women and five men. In this way, the company became the first mining company to achieve gender parity in executive positions, increasing the participation of women in these roles from 40% to 50%.

Incahuasi, Cachiyuyo and Domeyko organizations close CMP Culture Fund projects

Various groups from three localities of the commune of Vallenar met in Incahuasi to conclude the 2023 Culture Fund promoted Compañía Minera del Pacífico (CMP), where they exhibited their creations and elaborations, including embroidery, handicrafts, handicrafts and fabrics, all accompanied by a sample of local gastronomy.

STEM: robotics workshop held for 7th and 8th grade girls

With the aim of promoting education as a key tool for the development of the territories, Compañía Minera del Pacífico (CMP), in collaboration with the company Finning, launched the Educational Robotics Workshop aimed at 7th and 8th grade girls from different schools in the provinces of Huasco and Elqui, in the regions of Atacama and Coquimbo, respectively.

Successful Triathlon held in Huasco

On Saturday, May 27, a great sports festival was held in the port community, where more than 55 athletes from various parts of the country gathered to give life to the ‘Huasco Triathlon 2023’, successfully organized the Guacolda Sports and Cultural Club of Compañía Minera del Pacífico (CMP).

Jaime Charles Scholarship: we continue to promote the education of young people in the region

Compañía Minera del Pacífico announced the award of 69 new scholarships to promote education for students in the Atacama and Coquimbo regions, specifically in the Copiapó, Huasco and Elqui valleys. This benefit bears the name of Jaime Charles, in honor of the former general manager of Grupo CAP, of which CMP is a subsidiary, who dedicated a large part of his life to promoting educational development in the communities neighboring the company’s operations.

We support the UCN Coquimbo’s Social Pre-University program.

Since 2017, the Catholic University of the North, Coquimbo branch, has been carrying out its Social Pre-university, through its Pastoral and Christian Culture department, a project born from the students of the house of studies so that young people in fourth grade and graduates can opt for a free pre-university in order to prepare for the Access to Higher Education Test (PAES).

Pellet Plant celebrates its 45th anniversary, outlining new challenges

March 15, 1978 was a historic day for the port town of Huasco and its people. On that Wednesday, Compañía Minera del Pacífico’s (CMP) Guacolda II Pellet Plant and Port was officially inaugurated, becoming the main source of jobs and economic growth in the area.

Trials advance on project to cover DRF with native flora species

In the search for a sustainable solution for the disposal of tailings from the Pellet Plant in Huasco, Compañía Minera del Pacífico (CMP) launched an ecological restoration project that will cover the material resulting from the production of iron from the site with species of flora native to the area.

We participated in the campaign “Atacama Helps the South”.

Following the fires that occurred in the southern part of the country this summer, the Regional Government, the Presidential Delegation and the various departments and other agencies of the Atacama region joined in a campaign to support the disaster area. Together with them, CMP and other mining companies such as Candelaria, Caserones, Atacama Kozan and Pucobre, plus agricultural companies and public and private institutions, more than 100 tons of aid were collected and distributed in seven trucks sent to the commune of Quillón, in the Ñúble region.

We are recognized as having the lowest accident rate in the Chilean mining industry

Compañía Minera del Pacífico (CMP) was recognized with the “Explotación de Minas y Canteras” award for its 6 million hours worked without occupational accidents during the year 2021, positioning itself as the company with the lowest incident rate in the mining industry. This recognition is granted the Chilean National Safety Council to companies, industries and institutions that have achieved the lowest frequency rate in occupational accident risks, injuries and occupational diseases.

Artisanal fishing women meet and organize to consolidate their leadership in Atacama

Compañía Minera del Pacífico (CMP), in direct line with its purpose, seeks to promote gender equity, highlight the role of women and contribute to their sustainable development in the territory. In this sense, the company has joined the initiative Mesa de la Mujer de la Pesca Artesanal y Actividades Conexas de Atacama, which seeks to consolidate its leadership in the region and provide opportunities to promote their work. All this in conjunction with the regional government and the respective communal governments.

With 950 passengers, the magic of the Christmas Train returns to the Valley

The magic of Christmas, the emotion of experiencing a unique trip and the memories of yesteryear were the protagonists in the return of the Christmas Train, a day organized Compañía Minera del Pacífico (CMP) and Ferronor in which more than 950 people participated: neighbors of the communities, workers of the aforementioned companies and their families.

More than 80 thousand people visited the Dinosaur Expo

In order to strengthen the enhancement of local heritage as a strategy for the integral development of the territory, Compañía Minera del Pacífico (CMP) and the Corporación de Investigación y Avance de la Paleontología e Historia Natural (CIAHN-Atacama) generated an alliance to bring to the territory the exhibition “Dinosaurs, beyond extinction”, from the National Museum of Natural History (MNHN).

Guayacán neighbors learn masonry and plumbing trades

During the last few months, a total of 16 residents of the town of Guayacán deepened their knowledge of ceramic tile and floating floor installation techniques, masonry, as well as the application of paint on different surfaces, in compliance with safety, quality and environmental standards, all thanks to an initiative between Compañía Minera del Pacífico (CMP) and INACAP.

 

From Vallenar to the world: EDUFEST captivates Huasco students

On October 4 and 5, Vallenar was the epicenter of the second version of the International Educational Theater Festival: EDUFEST, which featured in-person performances at the Algarrobo Sports Club of CMP, where schools of the Local Public Education Service (SLEP) – Huasco were part of six plays from Chile and Argentina that, at the same time, were transmitted via streaming to 61 Spanish-speaking countries.

Successful literacy support program expands in the territory

In 2020, Compañía Minera del Pacífico (CMP) and the Sara Raier de Rassmuss Foundation joined forces to bring the Alfadeca program, which promotes literacy skills in elementary school children, to the territory.

Launch of the second version of the Culture Fund in the Elqui Valley

Together with the residents of the Covico and Fedeco sectors of Coquimbo, Compañía Minería del Pacífico launched the second version of its Culture Fund for the year 2022, in an emotional and unprecedented event that made those present sing, dance and cry.

Children from Guayacán share with Chocolo the dog and his friends.

A thousand people arrived this Wednesday, August 31, at the esplanade of the Guayacán church to celebrate the closing of the month of children, an activity organized Compañía Minera del Pacífico (CMP) to provide an unforgettable afternoon of recreation and entertainment for the family.

Sonami distinguishes the sustainable development of the Magnetite Plant

As part of the commemoration of the Day of the Miner and the Mining Company, the National Mining Society (Sonami) and the Tierra Amarilla Mining Association presented the ‘San Lorenzo’ award to Compañía Minera del Pacífico (CMP) for its commitment to the creation of sustainable mining in the Atacama region.

Outstanding security management in 2021

Two awards for commitment to the development of safe, sustainable and inclusive mining were granted to Compañía Minera del Pacífico (CMP) by the Regional Mining Safety Committee (Coresemin), one of the main institutions promoting prevention in the Atacama region.

Together with Finning, we promote STEM disciplines in Vallenar and Huasco.

The event, held on Saturday, August 27 at the Algarrobo sports center in Vallenar, was aimed at promoting, from an early age, skills and knowledge in STEM disciplines, i.e. science, technology, engineering and mathematics, in the hope of developing their cognitive evolution and influencing the vocational decisions of future local female talent.

We planted 350 olive trees with the community of Incahuasi

In a symbolic activity framed in the commitment to the environment, the community of Incahuasi and Compañía Minera del Pacífico (CMP) planted 350 ornamental olive trees. The planting is located on land donated by the company and will be irrigated by the new water treatment plant that operates on the same site.

Call for 100 women leaders in the Huasco Valley

Compañía Minera del Pacífico (CMP), committed to the sustainable development of the territory and its people, and as part of its Acción Emprende program, will reward the good ideas and efforts of 100 women leaders from the province of Huasco, who will have the opportunity to be part of an innovative business incubation program.

We delivered rescue equipment to Caldera’s firefighters.

The groundbreaking ceremony for the new fire station in the town of Caldera, which will house the 2nd company of the port town, was the setting chosen for Compañía Minera del Pacífico (CMP) to deliver rescue and emergency equipment to the town’s firefighters.

Fundación Hay Mujeres recognizes our commitment to inclusion and women’s leadership

The Hay Mujeres Foundation highlighted the new ambassadors who have made a commitment to carry out actions that promote the participation of women in decision-making and public debate. They are a group of 15 men, among whom the general manager of Compañía Minera del Pacífico (CMP), Francisco Carvajal, was selected, thanks to the work that the company has promoted to incorporate women into the organization.

New application process for entrepreneurship and sports funds in Huasco has begun.

Committed to the shared growth of the territories, and for the third consecutive year, Compañía Minera del Pacífico (CMP) invites entrepreneurs, micro-entrepreneurs and athletes from the province of Huasco to apply for its ‘Emprende’, ‘Reactiva’ and ‘Vive el Deporte en Huasco’ funds, respectively, which have a financing amount of up to 1 million pesos.

FondoproOlivo delivers salt and ponds to olive growers in the province of Huasco

In the town of El Pino, a new benefit delivery ceremony was held for olive growers enrolled in the ProOlivo Fund. Specifically, 170 thousand kilos of salt and 33 storage ponds were granted, which are essential to maintain and ferment the harvested olives in optimal conditions, achieving a high quality product.

Environmental and health indicators improved in Huasco

Con una inversión global de más de US$382 millones, CMP ha venido implementando una serie de medidas que buscan promover operaciones sostenibles en la comuna de Huasco, en línea con su propósito de impulsar una minería diferente que crece junto a los territorios y sus habitantes. 

Young people from Huasco explore Industry 4.0 at mining fair organized together with ANDRITZ Chile

A group of outstanding students from the province of Huasco were the guests of honor at the Mining Technology Fair organized by CMP and ANDRITZ Chile at the Algarrobo Sports Club in Vallenar. The activity, which brought together students from Colegio Ambrosio O’Higgins and Liceo José Santos Ossa de Vallenar; Liceo Bicentenario General Ramón Freire de Freirina, Liceo Bicentenario de Alto del Carmen and Liceo Japón de Huasco, seeks to contribute to their professional growth.

We started the Dual Education Program for students from the Copiapó Valley.

In a ceremony marking the milestone of the start of the Dual 2022 Program, Compañía Minera del Pacífico (CMP) welcomed the students participating in this period, who will carry out internships at the Mina Cerro Negro Norte mine in Copiapó and the Magnetite Plant in Tierra Amarilla.

We delivered construction materials to the Association of Pirquineros de Inca de Oro

With the delivery of construction materials to repair damage to homes in Inca de Oro, after the floods that affected the town last March, CMP was present in the mining commune to support the families, the majority of whom belong to the Association of Pirquineros of the commune. This contribution was managed through the Mining Commitment Network, who appealed to mining companies in the III Region.

Earth Day: highlighting the progress of our sustainability projects

Compañía Minera del Pacífico (CMP), the country’s main iron ore producer, has been developing a comprehensive environmental improvement plan over the last few months, applicable to its three operating valleys, Copiapó, Huasco and Elqui. This effort, which takes on special relevance on Earth Day, is part of its commitment to create a different and sustainable mining industry, in line with the growth of the territory and its people.

CMP, the company with the best payment performance for SMEs

In the midst of an economic scenario that has mainly affected the country’s SMEs, this week was released the Ranking of Payers for the fourth quarter of 2021, developed by the Bolsa de Productos (BPC) and the Chilean Association of Entrepreneurs (Asech).

We will decarbonize the pellet plant, significantly reducing atmospheric emissions

Compañía Minera del Pacífico, CMP, concerned about global warming and the quality of life in the territory of which it has been a part for more than six decades, presents a new voluntary environmental improvement project that will significantly reduce emissions in the commune of Huasco, in the Atacama region.

Magnetite plant, the largest mining circular economy project in Chile

At the national level, mining has established itself as the industry with the greatest contribution to the country, contributing 12.5% of the Gross Domestic Product (GDP) in 2020, according to data from the Central Bank. In terms of employability, it generates approximately 3% of direct employment and 9% of indirect employment, with 70% of workers being unionized.

We signed a collaboration agreement to initiate marine surveys in Caleta Zenteno

In a ceremony headed the Seremi of Public Works, Alfredo Campbell Aguilar, the Sustainability Manager of Compañía Minera del Pacífico (CMP), Patrick Mc Nab and the Director of Port Works, Luis Verdugo Cerón, among other local authorities, the agreement was signed to begin the maritime drilling works, which will later allow the MOP Atacama to design and execute the port infrastructure for Caleta Zenteno in the municipality of Caldera.

We implemented our first electric buses in the Huasco Valley

As part of an important investment plan and environmental and social improvement projects, Compañía Minera del Pacífico (CMP) inaugurated the operation of two 100% electric buses for the daily transportation of workers from their homes to the Pellet Plant and Los Colorados Mine in Huasco.

We renovated the facilities of our Port of Guayacán in Coquimbo

During January 2022, Compañía Minera del Pacífico’s (CMP) Guayacán Port will stop operations for approximately one month. The purpose of this operational action is to carry out a series of important works in its facilities that will allow improving its production process and, at the same time, a better control of its emissions of particulate matter to the environment.

We will be part of UCN’s first External Advisory Council of Linking with the Environment

The constitution of the First External Advisory Council of the Universidad Católica del Norte, in which the General Manager of CMP Francisco Carvajal participated, is a sign of the co-responsibility and commitment of the UCN with the territories of which it is part, and will serve as a permanent feedback channel on the needs of the environment, in order to safeguard the relevance of teaching and research and, therefore, of the contribution that the University makes to the country.

35 young apprentices join our operations in the Huasco Valley

In order to enhance the value of its processes through new perspectives and contribute to the development of young local talent, Compañía Minera del Pacífico (CMP) held the entrance ceremonies for the Apprentices 2021 program, composed this time 35 applicants who will deploy their skills in the operations of Los Colorados Mine, Pellet Plant and Puerto Guacolda II, located in the commune of Huasco.

With an emphasis on sustainability, we began construction of the DRF

On Thursday, February 10, and in line with the obligations established in the environmental authorizations, workers of the Humeres company received training on paleontology and archeology, learning about what could be found in the area of influence of the DRF and the protocols to follow in case the aforementioned collaborating company is executing the Coastal Road project, which in addition to constituting the initial works of the Filtered Tailings Deposit (DRF) Pellet Plant, will facilitate the movement for the development of community, tourist and productive activities in the territory.

Entrepreneurship and sports funds awarded in the province of Huasco

For the second consecutive year, Compañía Minera del Pacífico called local athletes and entrepreneurs to apply for its ‘Vive el Deporte en Huasco’, ‘Emprende CMP’ and ‘Reactiva tu Negocio’ funds, each with an amount of up to one million pesos per initiative.