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Codelco and I-Pulse sign agreement to explore advanced mining technologies
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Release time：2025-05-15
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This agreement marks the establishment of a strategic partnership between the two parties, committed to promoting the development and implementation of innovative and sustainable solutions for the mining industry.
Chilean state-owned mining company Codelco and I-Pulse have signed a Letter of Intent (LOI) to jointly explore disruptive pulsed power solutions for the mining industry. This agreement marks the beginning of a strategic partnership aimed at fostering innovation and the development and implementation of sustainable solutions in mining. The collaboration will explore the application of pulsed power in areas such as rock fragmentation and precision drilling to address challenges faced by large-scale mining operations. These challenges include processing older deposits, lower ore grades, and growing global demand in the context of energy transition.
Codelco's Chairman of the Board, Máximo Pacheco, stated: "This alliance reflects our commitment to innovation, the driving force behind more efficient and responsible mining." The potential integration of technologies like I-Pulse's could revolutionize key processes such as rock fragmentation, fully aligned with our vision for Codelco's future and our goal of being a pillar of sustainable development in Chile and the world." In related developments, Codelco announced an exploration agreement with BHP for its Anillo asset in the Antofagasta region. This collaboration is subject to Law No. 19,137, which regulates Codelco's partnerships in non-operating or non-expansion mining projects.
Additionally, Codelco announced a new collaboration with Rio Tinto to develop the area surrounding Nuevo Cobre in Chile's Atacama region. Nuevo Cobre is a joint venture between Rio Tinto and Codelco, with Rio Tinto holding 57.74% and Codelco holding 42.26%. The agreement between Rio Tinto and Codelco includes the formation of a joint committee and equal funding for initial conceptual studies over the first 12 months, with the possibility of extension.
Last month, Codelco signed an agreement to supply copper concentrate to Adani Group's US$1.2 billion (₹102.47 billion) refinery in Gujarat, India (known as Kutch Copper).
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