Table 5.2
Large-Scale Private Copper Mining (GMP-10) Taxation and Contributions from State-Owned Mining Companies to Fiscal Revenues
Unit: Millions of current US$ · Cochilco, Anuario Cochilco 2025 · 2000 to 2025
| Series | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Taxes and Fiscal Contributions | ||||||||||||||||||||||||||
| Taxes Paid by GMP-10 Companies (1)(2) | 213.1 | 138 | 48.6 | 110.4 | 596.4 | 1,719.4 | 4,574.9 | 6,206.7 | 4,344.2 | 1,507.7 | 3,665.3 | 4,783.5 | 4,169.9 | 2,993.6 | 2,502.8 | 2,008.7 | 1.1 | 1,271.9 | 2,405.9 | 2,720.5 | 1,699.7 | 3,818.6 | 4,660 | 2,812.1 | 3,651.6 | 5,560.9 |
| Contributions from State-Owned Mining Companies (EME) | 696 | 364.7 | 304.4 | 643.3 | 2,894.6 | 4,386.7 | 8,278.7 | 7,871.4 | 6,749.1 | 2,977 | 6,030.4 | 5,989.4 | 4,136.8 | 2,868.8 | 2,234 | 1,120.8 | 950.8 | 1,369.8 | 1,815.8 | 1,004.3 | 1,293.4 | 5,564.3 | 2,300.6 | 1,418.2 | 1,536.2 | 1,790.2 |
| Codelco (3) | 695 | 362 | 303 | 642 | 2,893 | 4,385 | 8,278 | 7,858 | 6,741 | 2,966 | 5,992 | 5,952.4 | 4,096.6 | 2,861 | 2,229 | 1,114 | 942 | 1,367.1 | 1,806.3 | 999.4 | 1,292.6 | 5,561.9 | 2,296.8 | 1,418.2 | 1,536.2 | 1,790.2 |
| Enami (4) | 1 | 2.7 | 1.4 | 1.3 | 1.6 | 1.7 | 0.7 | 13.4 | 8.1 | 11 | 38.4 | 37 | 40.2 | 7.8 | 5 | 6.8 | 8.8 | 2.7 | 9.5 | 4.9 | 0.8 | 2.4 | 3.8 | 0 | 0 | 0 |
| GMP-10 Taxes Paid + EME Contributions | 909.1 | 502.7 | 353 | 753.7 | 3,491 | 6,106.1 | 12,853.6 | 14,078.1 | 11,093.3 | 4,484.7 | 9,695.7 | 10,772.9 | 8,306.7 | 5,862.4 | 4,736.8 | 3,129.5 | 951.9 | 2,641.6 | 4,221.8 | 3,724.8 | 2,993.1 | 9,382.8 | 6,960.7 | 4,230.2 | 5,187.8 | 7,351.2 |
| Total Fiscal Revenue (5) | 15,918 | 14,901 | 14,167 | 15,277 | 21,047 | 28,131 | 37,811 | 44,208 | 43,468 | 32,731 | 46,788 | 56,977.6 | 59,036.5 | 58,252.5 | 53,633 | 51,277.8 | 52,020.4 | 58,028.7 | 65,625.7 | 60,515.5 | 50,640.9 | 76,219.3 | 78,074.5 | 76,393.4 | 71,287.6 | 76,283.6 |
| Gross Specific Mining Tax (Mining Royalty) reported by GMP-10 Companies (6) | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 676 | 622 | 416 | 284 | 792 | 643 | 442 | 356 | 305 | 94 | 88 | 178 | 285 | 217 | 382 | 994 | 528 | 492 | 1,940 | 2,300 |
| Share of Total Fiscal Revenue | ||||||||||||||||||||||||||
| Taxes Paid by GMP-10 Companies (1)(2) | 0.0134 | 0.0093 | 0.0034 | 0.0072 | 0.0283 | 0.0611 | 0.121 | 0.1404 | 0.0999 | 0.0461 | 0.0783 | 0.084 | 0.0706 | 0.0514 | 0.0467 | 0.0392 | 0 | 0.0219 | 0.0367 | 0.045 | 0.0336 | 0.0501 | 0.0597 | 0.0368 | 0.0512 | 0.0729 |
| Contributions from State-Owned Mining Companies (EME) | 0.0437 | 0.0245 | 0.0215 | 0.0421 | 0.1375 | 0.1559 | 0.2189 | 0.1781 | 0.1553 | 0.091 | 0.1289 | 0.1051 | 0.0701 | 0.0492 | 0.0417 | 0.0219 | 0.0183 | 0.0236 | 0.0277 | 0.0166 | 0.0255 | 0.073 | 0.0295 | 0.0186 | 0.0215 | 0.0235 |
| Codelco (3) | 0.0437 | 0.0243 | 0.0214 | 0.042 | 0.1375 | 0.1559 | 0.2189 | 0.1778 | 0.1551 | 0.0906 | 0.1281 | 0.1045 | 0.0694 | 0.0491 | 0.0416 | 0.0217 | 0.0181 | 0.0236 | 0.0275 | 0.0165 | 0.0255 | 0.073 | 0.0294 | 0.0186 | 0.0215 | 0.0235 |
| Enami (4) | 0.0001 | 0.0002 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0 | 0.0003 | 0.0002 | 0.0003 | 0.0008 | 0.0006 | 0.0007 | 0.0001 | 0.0001 | 0.0001 | 0.0002 | 0 | 0.0001 | 0.0001 | 0 | 0 | 0 | 0 | 0 | 0 |
| GMP-10 Taxes Paid + EME Contributions | 0.0571 | 0.0337 | 0.0249 | 0.0493 | 0.1659 | 0.2171 | 0.3399 | 0.3185 | 0.2552 | 0.137 | 0.2072 | 0.1891 | 0.1407 | 0.1006 | 0.0883 | 0.061 | 0.0183 | 0.0455 | 0.0643 | 0.0616 | 0.0591 | 0.1231 | 0.0892 | 0.0554 | 0.0728 | 0.0964 |
Notes of the table
- (1) GMP-10: Corresponde al grupo de las diez empresas de la Gran Minería Privada del Cobre en razón que al año 2001 tenían suscrito un contrato de inversión extranjera vía DL-600, y a esa fecha eran las principales productoras de cobre. Ellas 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 companies that had subscribed a Foreign Investment Contract under Decree Law 600 in 2001 and were the largest copper producers at that time. These companies accounted for 90% of private sector mining production and the bulk of mining taxation from this sector.
- (2) Las cifras de tributación de la minería privada (GMP-10) son informadas por DIPRES mediante el Informe de Finanzas Públicas del cuarto trimestre de 2025 / GMP-10 private mining tax figures are reported by DIPRES through the Public Finance Report for Q4 2025
- (3) Comprenden: Impuestos a la Renta (1a Categoría, Adicional 40% empresas públicas y específico a la minería o Royalty Minero), Impuesto asociado a la Ley N°13.196 y dividendos informados por Codelco; No se incluyen otros impuestos (Derechos de aduana y otros)./ Include: Income Taxes (corporate, 40% additional for State-owned companies, and specific mining tax or mining royalty), taxes payable under Law 13,196 and dividends reported by Codelco; not included other taxes (Customs and other duties).
- (4) Comprenden: Traspasos de excedentes al Fisco, Impuestos a la Renta, derechos de aduana, patentes y otros. Para 2009, en EE.FF. sólo se explicita cifra de impuesto a la renta pagado. / Includes profit transfers to Treasury, income taxes, Customs duties, patent and other fees. Financial Statements for 2009 note income taxes paid only.
- (5) Para los fines de esta tabla, las cifras de ingresos fiscales en moneda nacional se convirtieron a dólares utilizando el tipo de cambio observado promedio del período / Fiscal revenues in CLP$ converted to US$ at the observed exchange rate.
- (6) Cifra ajustada, para excluir participación de Codelco en El Abra (49%), Anglo American Sur (2012: 8,2% y 2013 en adelante 20%) y Quebrada Blanca (10%, desde septiembre de 2024). Los pagos efectivos de este impuesto están incluidos en los Impuestos de Empresas GMP-10 (Letra A). / Adjusted figure, to exclude Codelco's participation in El Abra (49%), Anglo American Sur (2012: 8.2% and since 2013 forgard 20%) and Quebrada Blanca (10% since September 2024). 2025 figure according to provisions in Financial Statements. Actual payments of this tax are included and part of the Business Tax GMP-10 (Letter A).
Source stated in the table
Dirección de Presupuestos (DIPRES), Informes de Evaluación de Gestión Financiera, Estadísticas de las Finanzas Públicas, Informes de Finanzas Públicas y Estado de Operaciones de Gobierno (Ejecución Presupuestaria) / Budget Office (DIPRES), Financial Management Evaluation Reports, Public Finance Statistics, Public Finance Reports and Statement of Government Operations (Budget Execution) Codelco y Enami, memorias anuales y estados financieros / Codelco and Enami, annual reports and financial statements Empresas de la Gran Minería Privada del Cobre (GMP-10), declaraciones de renta / Large-Scale Private Copper Mining Companies (GMP-10), income tax reports
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.