Connect with us

Hi, what are you looking for?

Economy

Tragic Slide at El Teniente Deepens Safety Crisis for State Miner Codelco

A devastating landslide triggered by heavy rains has forced the closure of the open-pit section of Chile’s El Teniente copper mine, leaving two contract workers dead and another injured. The incident occurred shortly before 2:00 p.m. on Sunday as employees from Aura Ingeniería SA were carrying out routine inspections in the south pit. While rescue teams managed to extract one survivor and rush them to a nearby medical facility, they later recovered the bodies of two men, aged 34 and 53.

Codelco, the state-owned giant that operates the flagship site in the Andes Mountains, quickly moved to suspend activities in the affected area to ensure worker safety. However, this latest tragedy comes at a precarious time for the company, marking the second major disaster at El Teniente in just over a year. It follows a catastrophic rock burst in July 2025 that claimed six lives after a seismic event tore through underground tunnels, an accident that crippled production levels and sent shockwaves through Chile’s economy.

The recurring instability at El Teniente is part of a broader struggle for Codelco, which has seen production plunge nearly thirty percent earlier this year due to mounting geological risks. With additional deaths recently reported at the Radomiro Tomic and Escondida mines, critics are questioning whether safety protocols are keeping pace with increasingly volatile conditions. These internal struggles are now coinciding with external threats from El Niño weather patterns, which risk bringing even more torrential rain to South America’s vital copper belt.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.








    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    What began as a massive four billion dollar buyout attempt between Allied Gold and Zijin Gold International has ended in a strategic pivot after...

    Investing

    Washington officials marked a major milestone on Friday as the final structural beam was hoisted into place at Western State Hospital, signaling progress on...

    Economy

    In a strategic move to bolster copper production in South America, Japanese giant Sumitomo and Canadian engineering firm G Mining Group have teamed up...

    Stock

    Henrik Zeberg, a Danish economist and macro strategist at Swissblock, is issuing a stark warning that the United States is drifting toward a severe...

    Disclaimer: Smartmerchantknow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2026 smartmerchantknow.com