InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

Anglo American to inject US$1,413 million into Chilean subsidiary

InvestChile - March,30,2020

The operation should be completed within a year, implying that Anglo American Copper Finance will have US$2,114 million in the country.


At the beginning of March, British multinational Anglo American approved the injection of US$1,413 million into its subsidiary in Chile, Anglo American Copper Finance SpA, through a capital increase from its related companies in the country, Inversiones Minorco Chile and Anglo American Sur S.A.

According to information about the operation published in the Official Gazette, the capital injection should be completed within a year, meaning that Anglo American Copper Finance will have US$2,114 million in the country.

When asked to comment, Anglo American indicated that “this corresponds to regular financing activities for initiatives around the region and does not represent any change regarding  management of our business in Chile.”

Anglo American controls three operations in Chile of which the most important is the Los Bronces copper mine (50.1%), located in the Santiago Metropolitan Region. The others are the El Soldado mine and the Chagres smelter, both located in the Valparaíso Region. Together with Glencore, it also owns the Collahuasi mine (44%), located in the Tarapacá Region. The company also has operations in Peru, Colombia and Brazil.

In Chile, Anglo American has implemented a plan to reduce work at its operations in response to the coronavirus outbreak and has taken various measures to mitigate a shortage of water. However, as of last year, it planned to invest US$3,000 million in a new project close to Los Bronces to counteract a decline in its copper output.

To find out more about investment opportunities in mining in Chile, see this article.  

Source: La Segunda


Topics: Mining



We are the government agency responsible for promoting Chile in the global market as a destination for FDI.

Previous Post

UNCTAD forecasts drop of between 30% and 40% in FDI globally

Next Post

How is the Central Bank of Chile dealing with the coronavirus crisis?


Subscribe to our newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Our Newsletter

You can also subscribe here to our monthly Investment Review Newsletter

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More