Table 2.5
Chilean Copper Total Unit Cost Index for GMP-10 Companies and Codelco
Unit: Real base 2005 = 100 · Cochilco, Anuario Cochilco 2025 · 2005 to 2025
| Series | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Anglo American Sur | 100 | 111 | 113.6 | 133.1 | 142.5 | 154.6 | 187.1 | 172.6 | 175.2 | 182.8 | 206.2 | 230.8 | 206.5 | 180.8 | 208.4 | 226.3 | 191.2 | 236.2 | 301.8 | 299.6 | 362.1 |
| Candelaria | 100 | 95 | 106.9 | 116.9 | 155.5 | 149.1 | 136.7 | 158 | 116 | 138.1 | 137.3 | 149.7 | 139.6 | 204.5 | 207.5 | 255.1 | 221.8 | 183.6 | 179.3 | 173.7 | 214.1 |
| Cerro Colorado | 100 | 86.3 | 112.9 | 118.8 | 144.6 | 189.8 | 158.1 | 240.9 | 235.9 | 230.5 | 294.9 | 211.2 | 237 | 230.9 | 198.1 | 422.6 | 253.8 | 290 | 328.5 | n.a. | n.a. |
| Collahuasi | 100 | 112.9 | 102.9 | 137.9 | 116.1 | 113.6 | 143.6 | 221.7 | 157.4 | 157.9 | 162.1 | 137.3 | 132.4 | 124.2 | 122.3 | 107.7 | 95.1 | 113.7 | 130.3 | 138.7 | 201.5 |
| El Abra | 100 | 97.9 | 120.3 | 164.8 | 85 | 139.6 | 158.3 | 168.8 | 158.8 | 165.2 | 217 | 176.2 | 221.7 | 229.7 | 241.1 | 233.7 | 206.4 | 230.4 | 230.5 | 220.7 | 241.4 |
| Escondida | 100 | 124.5 | 131 | 232.5 | 269.8 | 258.4 | 340.9 | 278.4 | 274.7 | 275.7 | 341.2 | 300 | 354.5 | 293.4 | 334.4 | 261.6 | 275.1 | 236.8 | 269.7 | 255.6 | 237.3 |
| Los Pelambres | 100 | 112.6 | 139 | 166.4 | 181.4 | 192.7 | 181 | 196.1 | 225.8 | 200 | 219.1 | 203.9 | 217.9 | 220.4 | 209.2 | 221.8 | 226.9 | 229.4 | 242.8 | 314.5 | 371.1 |
| Mantos Copper (3) | 100 | 102.9 | 106 | 146.7 | 224.5 | 385.9 | 531.8 | 396.8 | 532 | 638.9 | 237.7 | 236.4 | 237.1 | 256.9 | n.d. | n.d. | n.d. | n.d. | 220.3 | 261.5 | 227.1 |
| Quebrada Blanca | 100 | 123 | 127.5 | 150.9 | 141.4 | 169.4 | 230.8 | 292.1 | 257.2 | 270.3 | 360.8 | 393.2 | 464.1 | 449.5 | 541.3 | 1,228.4 | 616.9 | 1,026.2 | 380.9 | 422.4 | 437.7 |
| Zaldívar (4) | 100 | 92.6 | 103 | 128.7 | 162.3 | 134.6 | 165.8 | 174.6 | 184.6 | 201.9 | 203.8 | 190.7 | 197.1 | 243.4 | 211.3 | 231 | 264.3 | 222.5 | 297 | 278.2 | 365.9 |
| GMP-10 (5) | 100 | 111.1 | 116.5 | 165.2 | 177.5 | 190.8 | 230 | 224 | 218.1 | 224.2 | 237.2 | 217.1 | 227.5 | 211.9 | 0 | 0 | 0 | 0 | 224.7 | 236.1 | 258.3 |
| Codelco | 100 | 117 | 136.5 | 167.3 | 166.5 | 209.7 | 207.5 | 228.1 | 210.3 | 194.7 | 208.6 | 203 | 207.5 | 228.5 | 233.3 | 238.1 | 235.7 | 230 | 293.6 | 289 | 305.1 |
| GMP-10 + Codelco | 100 | 113.1 | 122.9 | 163.8 | 173 | 199.6 | 222.4 | 226.7 | 213.4 | 211.1 | 225.1 | 212.5 | 221 | 219.1 | 0 | 0 | 0 | 0 | 250.6 | 252.4 | 273.9 |
Notes of the table
- (1) Costos y gastos totales asociados a la producción vendida, según estados de resultados individuales. Incluyen costos de explotación, gastos de administración y ventas, otros gastos operacionales, gastos financieros y otros gastos no operacionales. Los costos unitarios se calculan utilizando volúmenes de producción de cobre fino (no de venta). La canasta de productos (cátodos, concentrados, entre otros) difiere entre las empresas. / Total costs and expenses associated with production sold, according to individual financial statements. Includes operating costs, selling, general and administrative expenses, financial expenses, and other non-operating expenses. Unit costs are calculated using refined copper production volumes (rather than sales volumes). The product mix (cathodes, concentrates, among others) differs among companies.
- (2) Deflactor utilizado: Índice de Precios al Productor de Estados Unidos (Producer Price Index, PPI, All Commodities). / Deflator used: United States Producer Price Index (PPI, All Commodities) (Producer Price Index, PPI, All Commodities).
- (3) Sin información de estados financieros ni memoria anual para el período 2019-2022. / No information is available from financial statements or annual reports for the 2019-2022 period.
- (4) A contar de octubre de 2015, la continuadora de la operación es Cía. Minera Zaldívar SpA. Para fines comparativos, el indicador de 2015 incluye cifras de la sociedad anterior (Cía. Minera Zaldívar Ltda.). / Since October 2015, the continuing company of the operation is Cía. Minera Zaldívar SpA. For comparison purposes, the 2015 indicator includes figures from the previous company (Cía. Minera Zaldívar Ltda.).
- (5) GMP-10: Corresponde al grupo de las diez empresas de la Gran Minería Privada del Cobre que, al año 2001, tenían suscrito un contrato de inversión extranjera vía DL-600 y que, a esa fecha, eran las principales productoras de cobre. Estas empresas representaban el 90% de la producción de la minería privada y aportaban la mayor parte de la tributación minera de este sector. / GMP-10: Group of the ten large copper mining companies that had subscribed a foreign investment contract under Decree Law 600 in 2001 and were the main copper producers at that time. These companies accounted for 90% of private mining production and the largest share of mining taxation from this sector.
- n.d. Información no disponible. / Data not available.
Source stated in the table
Elaborado por la Comisión Chilena del Cobre (COCHILCO), sobre la base de memorias e informes anuales de las empresas y sus casas matrices. / Prepared by the Chilean Copper Commission (COCHILCO), based on annual reports from companies and their head offices.
Source: Chilean Copper Commission (Cochilco), Cochilco, Anuario Cochilco 2025 (XLSX), 2026. Read on Oct 6, 2026.
n.d.: no data · n.a.: not applicable · “< 1”: less than one unit.