At CRU, we pride ourselves on delivering independent, expert intelligence to help our clients navigate complex global markets. This intelligence doesn’t just come from behind a desk but from being on the ground, seeing operations in person - at sites like Los Bronces Mine, engaging directly with industry players, and understanding the unique conditions shaping supply chains.
Last week, embodying this core principle, CRU analysts Nicolas Muñoz and William Tankard were among the delegates from our World Copper Conference to visit the Los Bronces copper-molybdenum mine in Chile, operated by Anglo American Sur (AAS). AAS is a joint venture of the Anglo American Group, the Mitsubishi Corporation and Becrux - a Codelco/Mitsui joint venture company.
During the visit, our team learned of the significant social initiatives underway to improve clean air and access to water in Chile’s Santiago Metropolitan Region. They also had the opportunity to see first-hand the production phases currently under development.
A key highlight was understanding the enormity of the "Ramsay project," - a potential partnership in the planning stage between Los Bronces mine and Codelco’s Andina mine. This strategic collaboration aims to access high-grade ore blocks located in the pitwall between the mines and it has the potential to unlock more than $5 billion in NPV for the two assets.
We are grateful to Anglo American Sur (AAS) for being such excellent hosts at the Los Bronces mine. Experiences like these are invaluable, allowing us to provide our clients with the most robust and well-informed market intelligence possible.
