Subsidiaries and Associated Companies
- Electricity
-
EnergÃa Minera S.A.
As at December 2010
Legal Status
RUT: 76.883.610-8
Incorporation: 15 June 2008.
Notary’s Office: Osvaldo Pereira González. Registered in the Santiago Registry of Commerce on page 25340 No.18444, under number 19324, in 2008.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$2,000, for 990 shares equivalent to a 99% interest.
Corporate Purpose
The purpose of the company is to develop, directly or through a related party, individually or jointly with others, within Chilean territory or abroad, the following activities: generate, supply, purchase and sell electricity; provide all kinds of energy services; obtain, transfer, purchase, rent, tax or operate in whatever way the relevant concessions and markets pursuant to the General Electric Services Law and other regulations that regulate energy services; request permits, authorisations and franchises to preserve, promote or develop the company’s business; purchase, sell, import, export, manufacture, produce, market, and distribute all kinds of goods or inputs, that are related to any kind of energy.
Directors
Waldo Fortin Cabezas, Presidente (*)
Mario Espinoza D. (*)
Juan Medel Fernández (*)
General Manager
Andrés Alonso (*)
Codelco’s Interest and Changes during 2010
As at 31 December 2010, Codelco had a 99% interest and Sociedad Inversiones Copperfield Ltda., 1%. No changes during this period.
Business Relations with Codelco
Does not have business relations with Codelco.
Contracts with Codelco
No contracts were entered into with Codelco..
Investment Ratio of Head Office Total
2010 Inversión en empresa coligada US$0 miles. 2009 Inversión en empresa coligada US$0 miles.
Investment Ratio of Head Office Total Assets
0%, 2010.
*Codelco directors or executive directors
Sociedad GNL Mejillones S.A.As at 31 december 2010
Legal Status
RUT: 76.775.710-7
Incorporation: 31 January 2007.
Notary’s Office: Osvaldo Pereira González. Santiago Registry of Commerce on page 6,625 No.4,909, in 2007.
Subscribed and Paid-In Capital
As at 31 December 2010, capital paid by Codelco Chile totalled US$ 37,000,000, equivalent to 37% interest.
Corporate Purpose
Production, storage, marketing, transport and distribution of all kinds of fuel; and the acquisition, construction, and operation of the facilities and infrastructure and other physical works required to transport, receive, process and store, both in Chile and overseas, by the company or in a third-party partnership.
Directors
Willem Van Twembeke, Chairman
Andrés Alonso (*)
Luis Valenzuela P.
Marcelo Tokman
Manlio Alessi Remedi
Juan ClaverÃa A.
Jean Louis Pairon
Alternate Directors
Jan Flachet
Francisca Castro F. (*)
Mario Espinoza D. (*)
Vacante
Valérie Barnich
Albert Verhoeven
Marleen Delvaux
General Manager
Frederik Janssens
Codelco’s Interest and Changes during 2010
As at 31 December 2010, Codelco’s interest in Sociedad GNL Mejillones S.A. was 37%. Prior to the last amendment to the articles of association of Sociedad GNL Mejillones S.A., agreed at the Extraordinary Shareholders’ Meeting on 5 November 2010, Codelco had 50% interest.
Business Relations with Codelco
Sociedad GNL Mejillones S.A. supplies Codelco Chile with regasified natural gas.
Contracts with Codelco
Sociedad GNL Mejillones S.A. has a regasified natural gas sales contract with Codelco, as per a take-or-pay agreement. It also has this sort of contract with SCM El Abra and ECL; Codelco has a stake in both companies. Between Sociedad GNL Mejillones S.A. and Codelco, there is an options contract which entitles to the future use of facilities with Codelco as client; and also other contracts with Complejo Portuario Mejillones, a subsidiary of Codelco. Option contract where Codelco has an option between: • Rights of use regarding the regasification terminal facilities for Codelco as a regasification service customer and other related services. • Acquire shares in Sociedad GNL Mejillones S.A., by subscribing and paying through a share capital increase. Tariff payment agreement for granting guarantees on the ISDA contracts entered into between Sociedad GNL Mejillones S.A. and Morgan Stanley Capital Group Inc, Koch Supply and Trading LP and Barclays Bank PLC. Contracts with Complejo Portuario Mejillones S.A., a Codelco subsidiary, associated with a land lease on the property were the GNL Mejillones facilities are operating.
Investment Ratio of Head Office Total
2010 Investment in associated company US$0 2009 Investment in associated company US$27,979,000
Investment Ratio of Head Office Total Assets
0%, 2010
*Codelco directors or executive directors
E – CL S.A.Al 31 diciembre 2010
Legal Status
RUT: 88.006.900-4
Incorporation: 30 September 1983.
Notary’s Office: Enrique Morgan Torres. Registered on page 467 number 244 of Santiago Registry of Commerce in 1983.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco was US$172,991,000, equivalent to a 16.46% interest.
Corporate Purpose
Generate, transport, distribute and supply electricity; purchase, sell and transport all kinds of fuel, either liquid, solid or gaseous fuels; provide consultancy services in all fields and specialties in engineering and business management; and provide maintenance and repair services for power systems.
Directors
Jan Flachet, Chairman
Manlio Alessi Remedi
Juan ClaverÃa A.
Willem van Twembeke
Jorge Bande B. (*)
Francisca Castro (*)
Cristián Eyzaguirre J.
Alternate Directors
Albert Verhoeven
Marc Debyser
Gabriel Marcuz
Frederik Janssens
Vacante
Waldo Fortin (*)
Mario Espinoza D. (*)
General Manager
Lodewijk Verdeyen
Codelco’s Interest and Changes during 2010
Codelco has a direct 16.35% interest and an indirect 23.65% through Inversiones Mejillones 2 S.A. and during there were no changes during the period under review. On 29 December 2009, the Extraordinary Shareholders’ Meeting of Edelnor (now E – CL S.A.) and Inversiones Tocopilla-1 S.A. agreed the merger of both companies by absorption of the latter by Edelnor; therefore Inversiones Tocopilla-1 S.A. was dissolved and all its assets and liabilities were transferred to Edelnor. Hence, Edelnor became the owner of all the shares it held in Electroandina S.A. (99.99%), Central Termoeléctrica Andina S.A. (99.99%), Inversiones Hornitos S.A. (60%), Gasoducto Norandino S.A. (78.91%) and Gasoducto Norandino Argentina S.A. (78.91%). In contrast to the above transfer of assets and liabilities, Edelnor gave 604,176, 440 own shares to Inversiones Tocopilla-1 S.A. shareholders on pro rata basis of their interest in the absorbed company, therefore, Suez Energy Andino S.A. and Corporación Nacional del Cobre de Chile (Codelco) obtained , 430,793,979 shares and 173,382,461 shares, respectively. Given the interest they both have in the company, through Inversiones Mejillones-1 S.A. and Inversiones Mejillones-2 S.A., the direct and indirect interest of Suez Energy Andino S.A., controller of Edelnor, is 52.40%, while the direct and indirect interest of Codelco is 40%. The remaining 7.6% is still held by minority shareholders.
Business Relations with Codelco
Electroandina S.A. as a 99.99% subsidiary of E.CL S.A. has a contract in effect until 2024: Electricity Supply Contract with Codelco Chile, Codelco Norte Division. Distrinor S.A. as a 99.99% subsidiary of Electroandina S. has a contract in effect until 2013 Natural Gas Supply Contract with Codelco Chile, Codelco Norte Division. Finally, Distrinor provided gas transport services to Codelco during the second half of 2010 (for gas directly purchased by Codelco from GNLM).
Contracts with Codelco
No commercial contracts with Codelco in 2010.
Investment Ratio of Head Office Total
2010 Investment in associated company US$672,409,000. 2009 Investment in associated company US$258,011,000.
Investment Ratio of Head Office Total Assets
3,316%, 2010
*Codelco directors or executive directors
Inversiones Tocopilla 2B S.A.Â
Al 31 diciembre 2010
Legal Status
RUT: 76.082.774-6 Incorporation: 20 November 2009.
Notary’s Office: Iván Torrealba Acevedo, registered on page 51,502, no. 43,055 in the Santiago Registry of Commerce, 2009
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco was US$174,642,000, equivalent to a 99.99% interest.
Corporate Purpose
Its purpose is to buy and sell any securities held as shares, and rights in other companies whose business activity is in electricity in any of its forms, especially in the electricity sector and investments in companies that develop such business activities; manage such investments and receive returns; and participate in any other business or activity directly or indirectly related, associated and/or complementary to the corporate business.
Directors
Jorge Bande, Chairman (*)
Cristián Eyzaguirre J.
Vacante
General Manager
Victor Janer (*)
Codelco’s Interest and Changes during 2010
Codelco directly holds a 99.99% interest and there were no changes during the period under review.
Business Relations with Codelco
No business relations between companies in 2010.
Contracts with Codelco
No business contracts with Codelco in 2010.
Investment Ratio of Head Office Total
2009 Investment in associated company US$119,274,000.
*Codelco directors or executive directors
Geotérmica del Norte S.A.As at December 2010
Legal Status
RUT: 96.971.330-6 Incorporation: 29 December 2000.
Notary’s Office: José Musalem Saffie Series No.13.010/2000. Santiago Registry of Commerce of the Property Registrar, on page 2 No. 2, 2001.
Subscribed and Paid-In Capital
Capital subscribed and paid by Codelco, as at 31 December 2010, $ 255,009,346, representing 0.89%.
Corporate Purpose
Research, exploration and operation of geothermal resources, located in northern Chile (1st, 2nd and 3rd Region); marketing in whatever way all its products, by-products, raw materials, whether manufactured, semi-manufactured or not, directly or indirectly result from the activities stated in the above number. Furthermore, the company may also carry out any other activity related, directly or indirectly with those listed above, to efficiently use the social organisation.
Board of Directors
Rafael Sotil Bidart, Chairman
Rodrigo Bloomfield
Valerio Cecchi
Giuseppe Turchiarelli
General Manager
Guido Cappetti
Codelco’s Interest and Changes during 2010
La participación de Codelco al 31 de diciembre de 2010 corresponde a un 0.89% del capital social. Con fecha 1 de diciembre de 2010 se aumentó el capital social que fue suscrito por Enap y Enel solamente. El resto de la participación se distribuye entre las empresas Enap (48.59%) y Enel (51%).
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Business Relations with Codelco
No business relations between the companies in 2010.
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Contracts with Codelco
No new contracts in 2010
*Codelco directors or executive directors
- Health
-
Isapre Fusat Limitada.
As at 31 diciembre 2010
Legal Status
RUT: 76.334.370-7
Trade Name: Isapre Fusat Ltda.
Sociedad de Responsabilidad Limitada.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Fusat totalled $ 1.37 billion.
Corporate Purpose
Finance health services and benefits and related or complementary activities, as provided in Law 18,933 and its subsequent amendments.
Directors
MarÃa Elena Etcheverry C., Presidente.
Gustavo Sánchez M.
Diego Ruidiaz G. (*)
Ricardo Ãlvarez F. (*)
Ãlvaro Covarrubias R.
General Manager
Francisco de La Fuente
Codelco’s Interest and Changes during 2010
Codelco does not have direct shareholding. Isapre Fusat Ltda. shareholding is distributed as follows:
- Fusat: 99.7%
- Inmobiliaria e Inv. RÃo Cipreses Ltda.: 0.3%
Business Relations with Codelco
Isapre Fusat Ltda. Finances healthcare services through medical care services targeting all Codelco employee members of this Isapre, and their family members and all members who are former employees of Codelco. The amount of the services paid on a monthly basis (allowance value), by Codelco to Isapre Fusat.
Contracts with Codelco
The agreements currently entered into and in effect with Codelco El Teniente Division are:
- Administration & Payment Agreement Number B (05.01.2009)
- Pension Payment & Administration Agreement (01.08.2009)
FusatAl 31 diciembre 2010
Legal Status
RUT : 70.905.700-6
Trade Name: Fundación de Salud El Teniente
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Fusat totalled $ 101,000,000.
Corporate Purpose
Provide healthcare service under the terms and conditions provided by Law 18,933 and subsequent amendments. Establish free healthcare service for low-income people.
Maintain and/or increase coverage and quality of healthcare initiatives, in keeping with the Codelco-Chile and Supreme Government health plans. Maintain and/or increase health research plans, especially occupational health.
Direct initiatives based on prevention standards, without postponing recovery and rehabilitation initiatives. Increase education initiatives in health, training and teaching, related to regional and nationwide plans.
Sign agreements and/or contracts with other similar entities to achieve its objective.
Optimise resource management to be more efficient, in order to maintain or increase the infrastructure and specific
Directors
MarÃa Elena Etcheberry C., Presidente.
Gustavo Sánchez M.
Ricardo Ãlvarez F. (*)
Ãlvaro Covarrubias R.
Diego RuidÃaz G. (*)
Executive Director
Jorge Quevedo S.
*Codelco directors or executive directors
San Lorenzo Isapre Ltda. (Filial de ClÃÂnica San Lorenzo Ltda.)As at December 2010
Legal Status
Incorporation: 17 April 2006.
Notary’s Office: Patricio ZaldÃvar Mackenna, and through an Exempt Resolution IF/No. 383 on 26 May 2006 (notice was given on 5 June 2006) of the
Superintendency of Health, authorised for the Isapre to be registered as a legal successor, keeping the same number of the Code Registry, No. 62 of the Head Office.
Corporate Purpose
Its purpose is to provide funds for health services and benefits and related or complementary activities, under the terms set out in Law No. 18.933.
Directors
Sergio Flores Varas, Presidente (*)
Juan Carlos Joannon
Mauricio Márquez
Carlos Wulff (*)
General Manager
Carlos BastÃas Gädicke
ClÃnica San Lorenzo Ltda. Interest and Changes during 2010.
ClÃnica San Lorenzo Ltda. holds a 99.0% interest in San Lorenzo Isapre Ltda.
Codelco Chile is majority partner of ClÃnica San Lorenzo Ltda. (99.99%).
There were no shareholding structure changes during the period under review.
Business Relations with Codelco
Salvador Division has been required through collective contracts and/or agreements with its employees, to fund employee and legally recognised family members, healthcare services when the Work Contract is signed with the Division and complete the payment of the legal health contribution to San Lorenzo Isapre Ltda.
The Division funds the healthcare services not included in the Isapre health plan, but which are included in the collective agreements of the Division with employees.
Contracts with Codelco
This Isapre has to date the following contracts with related companies:
- Medical services provision contract with Codelco (Salvador Division), for 2009 – 2010;
- Administrative services provision contract with ClÃnica San Lorenzo Ltda.
Isapre RÃÂo Blanco Ltda.As at December 2010
Legal Status
RUT: 89.441.300-K
Closely held company.
Trade Name: ClÃnica RÃo Blanco S.A.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$1,058,000, representing a 99.99% interest
Corporate Purpose
Health Insurance Institution (Isapre).
Directores titulares
MarÃa Elena Etcheberry Court, Presidente
Armando OlavarrÃa C. (*)
Héctor Cáceres Vicencio (*)
Marcos Vergara Iturriaga
ÃÂlvaro Covarrubias Risopatrón
Directores suplentes
Leonardo Whittle Ferrer (*)
Manuel Opazo Mortola (*)
General Manager
Jaime Del Solar Zorzano
Codelco’s Interest and Changes during 2010
Codelco Chile: 99.99%. Isapre San Lorenzo Ltda.: 0.01%.
Business Relations with Codelco
Andina Division is required under the contracts and/or collective agreements signed with its employees, to fund its employees and their legally recognised family members, healthcare services when the employee signs a Work Contract with the Division and to pay the legal health insurance payment to Isapre RÃo Blanco. Likewise, the Division is required to provide healthcare to its former employees who opted for the early retirement plan, so they may have, and their legally recognised family members, the medical, pharmaceutical and dental care included in the health regulation for the period of time set out in the corresponding early retirement plan. The Division’s contribution is complementary to the mandatory health payment for each employee to the amount required to complete.
Asimismo, se ha obligado a entregar prestaciones de salud a los ex-trabajadores acogidos a planes de egreso, con el fin de que obtengan para ellos y sus cargas familiares legalmente reconocidas las atenciones médicas, farmacéuticas y dentales contempladas en los reglamentos de salud por el plazo que establece el respectivo plan de egreso.
El aporte de la División, viene en complementar la cotización de salud que es obligatoria para cada trabajador en aquella parte que faltare para completar el precio del respectivo plan de salud de la Isapre.
Contracts with Codelco
Contract No. 4600008778, for medical services provided to employees, former employees and their family members. Andina Division entrusts Isapre RÃo Blanco Ltda., to fund the preceding services, based on the terms and conditions of the Isapre’s health plan.
Contract No. 4600008777 Health Benefit Administration Agreement, Andina Division entrusts Isapre the health benefit administration provided in their collective agreements and contracts when the benefits are not covered by the health plan. This is maintained so that the company complies with the work commitments concerning health issues, takes out healthcare services and pays on behalf of the principal, all the health service expenses associated with the health benefit for employees, former employees and their family members, even if they exceed the amount set out in the relevant Healthcare Group Plan, amounts that the company refunds the Isapre in conformity with the terms and conditions provided in the contract.
Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$2,300,000.
2009 Investment in subsidiary
company US$1,807,000.
Investment Ratio of Head Office Total Assets
0,011%, 2010.
*Codelco directors or executive directors
Isapre Chuquicamata Ltda.As at December 2010
Legal Status
RUT: 79.566.720-2
Trade Name: Isapre Chuquicamata Ltda. Limited Liability Company.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled $ 764,895, representing a 93.3% interest.
Corporate Purpose
Provision of health services and benefits, either directly or through funding, pursuant to the regulations set forth in D.F.L. No. 3 issued by the Ministry of Health. In order to meet its objective, the company may perform and enter into any kind of contract, even create and form part of other companies.
Â
Representante Legal
Julio Aranis Vargas (*)
General Manager
Militza Saguas González
Codelco’s Interest and Changes during 2010
Codelco has a 98.3% interest. Fusat has 1.7% interest there were no changes in Codelco’s interest during the period under reviews.
Business Relations with Codelco
As requested by Codelco, it manages group health plans for its employees, former employees, their family members and beneficiaries.
Contracts with Codelco
- Medical care contract (01.06.82)
- Medical equipment and instrument rental contract (30. 09.98)
- Services provision contract between Isapre Chuquicamata and Medical Service of Codelco Norte Division. (22.07.03)
- Service Provision contract (01.06.98), cancelled 20.12.06
- Amendment to Healthcare Service contract (1.10.09)
Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$4,034,000.2009 Investment in subsidiary
company US$3,207,000.Investment Ratio of Head Office Total Assets
0,020%, 2010.
*Codelco directors or executive directors
Ejecutora Proyecto Hospital del Cobre Calama S.A.As at December 2010
Legal Status
Trade Name: Ejecutora Proyecto
Hospital del Cobre-Calama S.A.
Sociedad Anónima Cerrada.Subscribed and Paid-In Capital
Its shareholders are: Codelco Chile has Letter from the Chairman of the Board 99.9% interest; and Isapre San Lorenzo has 0.01%.
Capital subscribed and paid by Codelco as at 31 December 2010, totalled US$ 455,000.
Corporate Purpose
Its purposes is to plan and construct, the company or a third party, a building to be used as a hospital in the city of Calama; rent or sublet hospital facilities; take out insurance and carry out repairs, maintenance and improvements to hospital facilities that are rented or sublet.
Directorio
Ricardo Landeta P., Presidente (*)
MarÃa Rosa MartÃnez Núñez, (*)
VÃctor Janer P. (*)
General Manager
Héctor Cerda Ortiz (*)
Codelco’s Interest and Changes during 2010
Codelco-Chile: 99,99%.
Prestadora de Servicios San Lorenzo Limitada: 0,01%.
Business Relations with Codelco
Framework agreement entered into by:
Codelco-Chile, Ejecutora Proyecto Hospital del Cobre-Calama S.A. and Las Américas Administradora Fondos de Inversión S.A. It is the regulatory framework governing the relationship between the abovementioned parties, for a 20-year period (until 31 March 2021).Sublet the Hospital del Cobre Dr. Salvador Allende G., until March 2021, as per the Framework Agreement.
Accounting and billing services provided to the company Ejecutora by Codelco, until 31 March 2021.
Detailed and Basic Engineering Services by Codelco applied to the expansion of the Primary Healthcare Centre, CAP, terminated in 2004.
Various contracts started in 2005, related to the same CAP Primary Healthcare Centre Expansion Project.
Contracts with Codelco
No new contracts were entered into in
2010.Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$0.
2009 Investment in subsidiary
company US$0.
Investment Ratio of Head Office Total Assets
0%, 2010.
*Codelco directors or executive directors
ClÃÂnica RÃo Blanco S.A.Al 31 de diciembre de 2010
Legal Status
RUT: 99.573.600-4
Closely held company.
Trade Name: ClÃnica RÃo Blanco S.A.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed
and paid by Codelco totalled
$5,307,000, representing a 99% interest.Â
Corporate Purpose
Provide health services and benefits,
directly and providing all kinds of
medical services and care, for which it
can create, maintain and manage clinics
and other healthcare establishments,
provide outpatient and emergency
healthcare services, and paramedics;
carry out lab tests, pharmacology,
analyses, radiology tests and, in general,
any medical and nursing activity.Directores titulares
Armando OlavarrÃa C. (*)
Héctor Cáceres Vicencio (*)
Daniel Michea C.
Juan Carlos Joannon
Desiderio Astorga Leyton
Pablo Fernández.
Fernando Condell M.
Directores suplentes
Leonardo Whittle Ferrer (*)
Manuel Opazo Mortola (*)
Carlos Arroyo L. (*)
Luis Galdames C. (*)
Juan Carlos OlguÃn P.
Juan Montecinos R.
Christian Muñoz T.
General Manager
Enrique Fernández Astullido
Codelco’s Interest and Changes during 2010
Codelco Chile: 99%.
Isapre RÃo Blanco Ltda.: 1%.
No changes during the period under
review.Business Relations with Codelco
Provision of medical, health, ambulatory
and emergency services, paramedics,
lab tests, pharmacology, radiology
and, in general, the provision of medical
and nursing care to workers at
Codelco’s Andina Division.Contracts with Codelco
Occupational health contract with
Occupational Health and Industrial
Department: Contract No. 4500982103,
“Service Provision Contract, Law 16,744.â€
Occupational Health Unit administration
contract at ClÃnica RÃo Blanco:
Contract No. 4500981031, “CRB
Operation and Administration Service
Contract.â€.HR Management Contract: Contract
No. 4500875625, “Additional Medical
Care Services.â€Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$1.274.
2009 Investment in subsidiary
company US$1.083.
Investment Ratio of Head Office Total Assets
0,006%, 2010.
*Codelco directors or executive directors
Centro de Especialidades Médicas RÃÂo Blanco Ltda.As at December 2010
Legal Status
RUT: 76.064.682-2
Trade Name:
Centro de Especialidades Médicas RÃo
Blanco Ltda.Incorporation:
30 June 2009.Notary’s Office:
Nancy de la Fuente Hernández. It was
published in the Official Gazette no.
39,410 on 13 July 2009. Registered on
page 148 No. 142, in the Santiago
Registry of Commerce in 2009.Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed
and paid by Codelco totalled
$560,000, representing a 99% interest.Corporate Purpose
Implement all kinds services and provide
outpatient medical care and provide
management services for the
health benefits of the contributors and
members of Isapre RÃo Blanco Ltda.Directores titulares
Armando OlavarrÃa Couchot, Presidente (*)
Juan Carlos Joannon
Héctor Cáceres (*)
Leonardo Whittle F. (*)
Daniel Michea
Socio administrador
Enrique Miguel Fernández Astudillo
Codelco’s Interest and Changes during 2010
Codelco Chile: 99%.
Isapre RÃo Blanco Ltda.: 1%
No changes during the period under
review.Business Relations with Codelco
Provide outpatient medical services
and manage health benefits for workers
at Codelco’s Andina Division.Contracts with Codelco
Industrial area emergency centre
administration and operation contract:
Contract No. 4500980649: “Industrial
Area Emergency Service Contractâ€..Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$832 .
2009 Investment in subsidiary
company US$619.
Investment Ratio of Head Office Total Assets
0,004%, 2010.
*Codelco directors or executive directors
Asociación Garantizadora de PensionesAs at December 2010
Legal Status
A Mutual-Pension Fund Company under
Private Law. It is a non-profit, private,
mutual and pension fund, with legal
capacity under Decree No. 1625 dated 18
June 1927, incorporated to guarantee,
replacing the associated companies,
pension payments under Occupational
Accident Law No. 4,055. It is a non-profit
company and, therefore, is exempt from
income tax law regulations.Corporate Purpose
Exclusively for the purpose of paying
pension funds pursuant to
Occupational Accident Law No. 4,055.Directors
MarÃa Carolina Vargas V, Presidente (*)
José Antonio Alvarez L. (*)
Gonzalo Zamorano (*)
Victor Janer P. (*)MarÃa de los Ãngeles Pérez (*)
Alternate Directors
MarÃa Elena Brahm (*)
Gloria Parada (*)
Rodolfo Reyes (*)
Manager
Elly GarcÃa Inostroza
Codelco’s Interest and Changes during 2010
It has a 96.69% interest, and there
were no changes during the year.Business Relations with Codelco
The company did not have any business
relations in 2010.Contracts with Codelco
No contracts were entered into in 2010.
Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$712.
2009 Investment in subsidiary
company US$589.
Investment Ratio of Head Office Total Assets
0,004%, 2010.
*Codelco directors or executive directors
- Investment
-
Comotech S.A.
As at December 2010
Legal Status
RUT: 76.009.778-0
Incorporation.
Notary’s Office:
Iván Torrealba A.
Started Activities: 7 February 2008.
Associated company of Innovaciones en Cobre S.A. (a Codelco subsidiary).Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Innovaciones en Cobre S.A. (a Codelco Chile subsidiary) corresponds to 1,700 shares, totalling de US$196,666.67.
Corporate Purpose
Research and development to increase molybdenum demand through new and enhanced applications, uses and/or markets, for which the company may, in general, implement any kind of act and enter into any contract, which includes forming and taking part in other companies or entities, directly or indirectly related to achieving the corporate purposes or with management, investment, provision of corporate assets.
Directores titulares
Victor Pérez Vallejos, Presidente (*)
Fernando Alliende C.
Jorge Allende R.
Directores suplentes
Carmen Tardito (*)
General Manager
David Villaseca
Codelco’s Interest and Changes during 2010
Codelco has indirect interest in the company, through its subsidiary Innovaciones en Cobre S.A., with 33.3%.
The remaining partners’ interest is as follows:- Universidad de Chile holds  33.3% interest.
- Molymet holds a 33.3% interest.
Business Relations with Codelco
Does not have business relations with Codelco this 2010
Contracts with Codelco
CoMoTech S.A does not have contracts
with Codelco.*Codelco directors or executive directors.
ECOSEA Farming S.A.Al 31 de diciembre de 2010
Legal Status
RUT: 76.024.442.2
Incorporation:
Series No. 8881.
Notary’s Office:
Nancy de la Fuente. Deed series where articles of association are amended: 11,018. Started activities: 17 July 2008.
Started de actividades: 17 de julio
de 2008.Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Innovaciones en Cobre S.A. corresponds to 559 shares, totalling $614,900,000, which represents a 47.4% interest.
Corporate Purpose
Its purpose is to: a) Transfer, adapt, research, investigate and develop farming technologies and auxiliary services, based on copper and copper alloys for aquaculture and other related areas; b) Produce and market any kind of product and/or services resulting from the above activities; c) Perform all acts and enter into contracts and agreements that directly and indirectly lead to achieving its goal.
Directores titulares
VÃctor Pérez V., Presidente (*)
Alan Farcas
Eduardo Foix I. (*)
Miguel Riquelme A.
Luis Pichott
Gabriel Yany
Marcelo Molina
Directores suplentes
Carmen Tardito S. (*)
Jürgen Leibbrandt (*)
Vacante
General Manager
Rodrigo Sánchez
Codelco’s Interest and Changes during 2010
Chile has indirect ownership in EcoSea Farming S.A., through its subsidiary Innovaciones en Cobre S.A., with a 47.4% interest.
The remaining partners’ interest is as
follows:- International Copper Association:Â 20.8%.
- Sitecna: 2.1%.
- Universidad de Concepción: 17.7%.
- Pontificia Universidad Católica de ValparaÃso: 6%.
- Fundación Chile: 6%.
Business Relations with Codelco
EcoSea Farming S.A. does not have
business relations with Codelco.Contracts with Codelco
EcoSea Farming S.A. does not have any
contracts with Codelco.*Codelco directors or executive directors
Innovaciones en Cobre S.A.As at December 2010
Legal Status
RUT: 76.043.396-9
Incorporation:
Series No. 20536/2008.
Notary’s Office:
Santiago Eighteenth Notary’s Office.
Started activities: 30 December 2008.Subscribed and Paid-In Capital
Capital subscribed and paid by Codelco
as at 31 December 2010 accounted for 1
share, totalling US$2,074 and the capital
subscribed and paid by Inversiones
Copperfield corresponds to 999 shares,
totalling US$1,571,926.Corporate Purpose
Its purpose is to:
a) Analyse, research, invent, create,
develop and implement new applications,
benefits and uses for copper and
molybdenum;b) Promote, spread, distribute
 and market products that are
manufactured incorporating new
applications, benefits and uses for
copper and/or molybdenum;c)Â Represent companies and individuals
or entities, national o foreign; and d)
Perform all kinds of activities that are
directly and indirectly related to the
above and any other activity the partners
by common consent specify. All
the activities that form part of the corporate
purpose may be performed by
the company or another company,
either directly or by a third party.Directores titulares
Jurgen Leibbrandt, Presidente (*)
Nicolás Saric R. (*)
Alan Farcas G.
General Manager
Victor Pérez Vallejos (*)
Codelco’s Interest and Changes during 2010
Codelco Chile directly has 0.1% interest
in Innovaciones en Cobre S.A. and
Sociedad Inversiones Copperfield
Limitada (a Codelco Chile subsidiary)
has the remaining 99.9% interest.Business Relations with Codelco
Company related to Codelco in order to
invest in business and projects related
to new copper and molybdenum applications.Contracts with Codelco
Innovaciones en Cobre S.A. has no contracts
with Codelco.*Codelco directors or executive directors
Sociedad de Inversiones Copperfield LimitadaAs at December 2010
Legal Status
RUT: 77.773.260-9
Limited Liability Company incorporated
by public deed on 12 December 2001.
Notary’s Office:
Ãlvaro Bianchi Rosas. Registered in the
Registry of Commerce on page 32430
No. 26478, on 14 December 2001.Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled MUS$6,390 pesos, representing a 99.99% interest.
Corporate Purpose
Exploration and operation of mineral resources and processing plants; purchase, build and operate property, deposits and mining rights; and participate in any kind of company, taking up, directly or indirectly, rights and ownership.
Apoderados en representación de los socios
Mario Espinoza Durán (*)
Waldo Fortin Cabezas (*)
Francisca Castro Fones (*)
Codelco’s Interest and Changes during 2010
Originally, after statutory amendments in 2008, Codelco had 99.985198753% interest and Santiago de RÃo Grande S.A. 0.014801247% interest. After Codelco International Limited, a Codelco Chile subsidiary, purchased Santiago del RÃo Grande’s stake on 23 December 2009, the ownership interest of Sociedad de Inversiones Copperfield Ltda.Â
Business Relations with Codelco
At present, Inversiones Copperfield Ltda. does not have business relations with Codelco, except as minority shareholder in the following companies: Exploraciones Mineras Andinas S.A (0.1%), Minera Gaby S.A. (0.1%), Termoeléctrica Farellones S.A.(1.0% until 15 December 2009) and EnergÃa Minera S.A.(1.0%); and CompañÃa Minera Picacho SCM (0.01%); majority shareholder in Innovaciones en Cobre S.A. (99.9%).Â
Contracts with Codelco
During this period under review no contracts were entered into with Codelco.
Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$14.179.
2009 Investment in subsidiary
company US$15.385.
Investment Ratio of Head Office Total Assets
0,070%, 2010.
*Codelco directors or executive directors
Elaboradora de Cobre Chilena Limitada en LiquidaciónAs at December 2010
Legal Status
Trade Name: Elaboradora de Cobre
Chilena Limitada.
Incorporation:
18 December 1985.
Notary’s Office:
MarÃa Gloria Acharán Toledo.
Registered on page 20,932, No. 10,784 in
Santiago Registry of Commerce in 1985.
Based on the last amendment of its
articles of association, this company
expires on 31 December 2009.Subscribed and Paid-In Capital
As at December 2010, it totalled
US$1,137,000.Corporate Purpose
Originally incorporated in 1985 by
Codelco and Madeco S.A. as a limited
liability company, in order to study and
develop projects and investments on
producing and marketing non-ferrous
metal manufactured and semi-manufactured
products, either directly or in
partnership with a third party. By public
deed, on 17 April 1998 the company
changed its shareholder structure.Through an amendment Sociedad,
Madeco S.A. withdrew as shareholder
and Codelco-Chile held 99% interest and
Minera Picacho held 1%. On 26
November 2009, the shareholders
agreed on the dissolution and liquidation
of Sociedad Elaboradora de Cobre
Chilena Limitada, since it currently does
not fulfil the objectives for which it was
created and keeping it open implies
unnecessary expenses for the partners.
On 27 January 2011, the majority shareholder,
Codelco, agreed to the dissolution
and liquidation of the company. At
present, the grounds for its creation are
no longer applicable.Codelco’s Interest and Changes during 2010
Until closure date, Codelco-Chile had a
99% interest and CompañÃa Minera
Picacho SCM, 1%.
There were no changes during 2010.Business Relations with Codelco
No business relations between the
companies.Contracts with Codelco
No new contracts between the companies
in 2010.Investment Ratio of Head Office Total
2009 Investment in associated
company US$1,390,000.*Codelco directors or executive directors
Quadrem International Holdings Limited (QIHL)As at December 2010
Legal Status
Company related to Codelco
International Limited. Incorporated: 26
June de 2000 and domiciled in
Bermuda (UK).Corporate Purpose
Marketplace mining company that
operates a global electronic market to
exchange mining goods and services
for the global business market; enables
companies that wish to take advantage
of its digitalisation across its supply
chain and order processes; provide
solutions and services to companies
offering products and services, including
but not limited to, connectivity,
content, electronic catalogues, shipping
services and strategic solutions.Directores
Alan J. Broome, Presidente
Andrew Hinkly
Juan Eduardo Herrera
Scott Singer
Dirk Van De Putte
Lionel Willaert
Joao Moraes
Charles Jackson
Partners’ Interest and Changes during 2010
Codelco International Limited has
80,280 shares corresponding to a
4.849% stake and there were no changes
during the period under review.Business Relations with Codelco
Provides Marketplace services to
Codelco Chile; therefore, Codelco Chile
has a double relationship with QIHL:
one as indirect shareholder (through
its subsidiary Codelco International
Limited) and another as a client.Contracts with Codelco
Codelco has the following service contracts
with Quadrem:4500805737Â E-business platform.
4500951915 Â Corporate services for
material coding and
description.4500839992 Â Issue and receipt of e-tax
documents electrónicos.
4500903505 Â Suplly agreement
management comprehensive services.
4500901464Â Implementation and
operation of SMAC
application.Codelco directors or executive directors.
Ecometales LimitedAs at December 2010
Legal Status
Subsidiary company of Codelco Technologies Limited (100%). RUT: 59.087.530-9 Incorporated on 22 August 2000 in Jersey (U.K.) (ACL). Registry number: 78014, on Jersey Island. Notary´s Office: Goeffrey St. Clair Cornwall. Started activities: 2001
Corporate Purpose
Develop activities for all kinds of ore treatment and smelting, especially impurity treatment and ore recovery. Also develop innovations to treat smelter dust and other smelter and refinery effluents, applying environmentally sustainable technologies.
Directors
José Robles B., Presidente (*)
Mario Espinoza D. (*)
Pedro Morales C. (*)
Hernán Sepúlveda Astorga (*)
Luis FarÃas Lasarte (*)
Partners’ Interest and Changes during 2010
Codelco Technologies Limited holds 100% interest, and no changes occurred during the period under review.
Business Relations with Codelco
Provides processing services to Codelco Chile, through a contract to provide copper recovery processing services contained in the copper concentrate smelter dust, dated 31 March 2007.
Contracts with Codelco
In November 2010 a commercial agreement was reached with Salvador Division to buy dust from Potrerillos smelter.
*Codelco directors or executive directors
Copper Partners Investment CompanyAs at December 2010
Legal Status
Associated company of Codelco International Limited (50%). Incorporated under the laws of Bermuda on 1 February 2006.
Corporate Purpose
Perform business transactions between Codelco Chile and Minmetals Non – Ferrous Metals Co. Ltd.
Directores
M. de los Ãngeles Pérez (*)
Mario Espinoza D. (*)
Rodrigo Toro (*)
Xu Jiqing
Jiao Jian
Wang Lixin
Partners’ Interest and Changes during 2010
Incorporated by Codelco International Limited (50%) and Ambum Enterprises Limited (50%), subsidiaries of Codelco and China Minmetals Non-Ferrous Metals Co. Ltd., respectively. No shareholding structure changes during the period under review.
Contracts with Codelco
The company has a contract with Codelco Chile until May 2021: its buys from Codelco 55,750 MT of copper per annum.
*Codelco directors or executive directors
Codelco Technologies LimitedAs at December 2010
Legal Status
Incorporation: Bermuda, 2000. Registration No. EC-28891.
Corporate Purpose
Manage and control Codelco’s interest in various international projects. It has investments in Ecometales Limited on Jersey-Channel Island, and its operating agency Ecometales Limited – Agency in Chile, to develop and mine biologically-based technologies applied to copper and molybdenum material and concentrate processing .and also in Codelco do Brasil Mineraçao Limitada, in Brazil, in order to develop exploration, extraction and market development projects.
Directorio
Mario Espinoza Durán, Office Set Director and Chairman (*)
Waldo Fortin Cabezas, Office Set Director and Deputy Chairman (*)
Juan Enrique Morales Jaramillo, Director (*)
Codelco International Limited Interest and Changes during 2010
Codelco International Limited has 100% interest and no changes occurred during the period under review.
Business Relations with Codelco
No business relations between the companies in 2010.
Contracts with Codelco
No direct acts or contracts between Codelco and Codelco Technologies Limited in 2010.
*Codelco directors or executive directors
Codelco do Brasil Mineraçao LimitadaAs at December 2010
Legal Status
Incorporation: Brazil, 14 September 2001. Series No. 33.2.0708361-1. Board of Trade R.J.
Corporate Purpose
Ownership interest in mining companies or ventures, of any kind in Brazil and/or overseas, is similar to managing own assets or third-parties assets. Carry out any activity related to mining, including but not limited to, research, exploration and extracting economic resources and/or ore deposits in Brazil. Carry out, in general, any other civil or commercial activity, directly or indirectly related to research, exploration, economic extraction, production or marketing mineral products or by-products.
Comité directivo
Mario Espinoza Durán (*)
Waldo Fortin Cabezas (*)
Nicolás Saric Rendic (*)
Juan Enrique Morales Jaramillo (*)
Carlos Huete Lira (*)
Codelco International Ltda and Codelco Technologies Ltda Interest and Changes during 2010
Codelco International Limited and Codelco Technologies Limited have 90% and 10% interest, respectively. There were no changes during the period under review.
Business Relations with Codelco
No business relations between the companies in 2010.
Contracts with Codelco
No contracts with Codelco in 2010.
*Codelco directors or executive directors
CODELCO International LimitedAs at December 2010
Legal Status
Incorporation: Bermuda 2000. Registration No. EC-28890.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$49,323,000, representing 100%.
Corporate Purpose
Its purpose is to manage and control Codelco’s interest in the various international projects. Through its subsidiary Codelco Technologies Limited it has investments Ecometales Limited, a firm in Jersey-Channel Island, and its operating agency Ecometales Limited –Agency in Chile, to develop and mine biologically– based technologies applied to copper and molybdenum materials and concentrates. Codelco International Limited and Codelco Technologies Limited have incorporated Codelco do Brasil Mineraçao Limitada, in Brazil in order to develop exploration, mining and market development projects. The firm has a 6% stake in Quadrem International Holdings Limited, a world company formed by companies related to mining, to operate in the electronic market to purchase and transfer goods exploand services. In partnership with the Chinese company Album Enterprises Limited (China Minmetals subsidiary) created in Bermuda (UK), the trading company Copper Partners Investment Ltd, each holding 50%. Codelco International Limited, in December 2009 acquired the stake Santiago del RÃo Grande had in Sociedad de Inversiones Copperfield Ltda. and now has the latter’s 0.01% interest.
Directorio
Mario Espinoza Durán, Office Set Director and Chairman (*)
Waldo Fortin Cabezas, Office Set Director and Deputy Chairman (*)
Nicolás Saric Rendic, Director (*)
Codelco’s Interest and Changes during 2010
Codelco has a 100% interest.
Business Relations with Codelco
Copper Partners Investment Company Ltda. and Ecometales Limited have commercial contracts with Codelco.
Contracts with Codelco
No new contracts between Codelco and Codelco International Limited in 2010.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$19,799,000. 2009 Investment in subsidiary company US$96,294,000.
Investment Ratio of Head Office Total Assets
0,098%, 2010.
*Codelco directors or executive directors
- Mining
-
Inversiones Mejillones 2 S.A.
Al 31 diciembre 2010
Legal Status
RUT: 76.082.158-6 Incorporation: 13 November 2009.
Notary’s Office: Iván Torrealba Acevedo. Registered on page 59,192, number 41,277, of the Registry of Commerce, in 2009.
Subscribed and Paid-In Capital
Capital subscribed and paid by Codelco is US$18,558,000, equivalent to 34.8% interest. Indirectly holds 65.2% through its subsidiary Inversiones Tocopilla 2 B S.A.
Corporate Purpose
The purpose of this company is to buy and sell securities held as shares, bonds and other instruments issued by Empresa Eléctrica del Norte Grande S.A. Exercise all the rights and perform all the obligations as shareholder and holder of such securities, pursuant to the law and articles of association and, in general, buy, sell, invest in all kinds of intangible property, such as company bonds, shares, deposits, mutual fund payments, share certificates, bills of credit, securities, etc.; manage such investments and receive returns; and participate in any other business or activity directly or indirectly related, associated and/or complementary to the corporate business.
Directors
Jorge Bande, Chairman (*)
Cristián Eyzaguirre J.
Vacante
General Manager
VÃctor Janer (*)
Codelco’s Interest and Changes during 2010
Codelco directly holds a 34.8% interest, and indirectly, 65.2% through its subsidiary Inversiones Tocopilla 2 B S.A. there were no change during the period under review.
Business Relations with Codelco
No business relations between companies in 2010.
Contracts with Codelco
No contracts with Codelco in 2010.
Investment Ratio of Head Office Total
2009 Investment in associated company US$ 129,921,000
*Codelco directors or executive directors
Santiago de RÃÂo Grande S.A.As at December 2010
Legal Status
RUT: 96.876.140-4 Incorporation: 2 October 1998.
Notary’s Office: Gloria Cortez Escaida
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$24,000, representing 99.99%.
Corporate Purpose
Its purpose is to obtain water rights and mining resources exploration.
Directorio
Carlos Huete Lira, Chairman (*)
Hernán Sepúlveda A. (*)
Nicolás Saric Rendic (*)
Gerente general
Mirtha Solari Espinoza (*)
Codelco’s Interest and Changes during 2010
Codelco directly holds 99.99 % and indirectly 0.01% interest.
Business Relations with Codelco
At present Santiago de RÃo Grande does not have any business relations with Codelco.
Contracts with Codelco
On 26 November 2010 a contract was entered into with Codelco to explore for water and obtain water use rights as titleholder.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$0 2009 Investment in subsidiary company US$0.
Investment Ratio of Head Office Total Assets
0%, 2010.
*Codelco directors or executive directors
Sociedad Contractual Minera PurénAs at December 2010
Legal Status
RUT: 76.028.880-2
Trade Name: Sociedad Contractual Minera Purén.
Incorporation: 23 September 2003.
Registration: Property Register on page 121, no.31 in 2003,
and Shareholders’ Register on page 185, no.207 in 2003,
both at the Santiago Mining Registrar. Notary’s Office: Fernando Opazo LarraÃn
Subscribed and Paid-In Capital
Codelco holds 35% interest; CompañÃa Minera Mantos de Oro, 65%. Capital subscribed and paid by Mantos de Oro: US$18,410,000. Capital subscribed and paid by Codelco: US$9,913,000.
Corporate Purpose
The purpose of the company is to explore, search, prospect, research, develop and operate mining deposits, in order to extract, produce and process ores, concentrates and other mineral products. Additionally to install and operate ore concentrator and treatment plants; claim and purchase mining rights of any kind; sell, transport, export and market mineral substances and products. Also perform any action and enter into any contract and agreements that indirectly or directly result in achieving its business object.
Directores titulares
Andrés Verdugo, Chairman
Alejandro Gómez Arenal (*)
Nicolás Saric (*)
Luis Parra Falcón
Rolando Cubillos Basaure
Alternate Directors
Marcos Ãlvarez Silva
Carlos Huete Lira (*)
Eduardo Foix I. (*)
John Robert Pritting
Miguel Baeza GuÃñez
General Manager
Guillermo Olivares Ardiles
Codelco’s Interest and Changes during 2010
Codelco has a 35% interest with 350 shares subscribed from a total of 1,000. There were no changes during the period under review.
Business Relations with Codelco
No goods or services were sold or purchased between the company and Codelco.
Contracts with Codelco
There are no contracts that have significant influence on Codelco’s operations and results.
Investment Ratio of Head Office Total
2010 Investment in associated company US$5,407,000. 2009 Investment in associated company US$7,810,000.
Investment Ratio of Head Office Total Assets
0,027%, 2010.
*Codelco directors or executive directors
Sociedad Contractual Minera El AbraAs at December 2010
Legal Status
RUT: 96.701.340-4 Incorporated by public deed on 28 June 1994.
Notary’s Office: VÃctor Manuel Correa Valenzuela. Registered in the Santiago Registry of Commerce on page 149, No.40 in 1994.
Shareholder Register no. 9054 page 20, 1994. Trade Name: Sociedad Contractual Minera El Abra (SCM El Abra).
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid totalled US$647,059,000 divided into 100,000 shares. Shareholders: Cyprus El Abra Corporation holds 51,000 shares, and Corporación Nacional del Cobre de Chile holds 49,000 shares.
Corporate Purpose
Prospecting, exploring and mining the El Abra ore deposit, located in the 2nd Region of Antofagasta, including its extension, and also the adjacent or nearby areas. Also extracting, processing and treating ore mined at the deposit and surrounding areas; and transporting and trading products and by-products obtained from processing ore and other mining activities at the deposit.
Directores titulares
Jorge Riquelme, Chairman
Luis FarÃas Lasarte (*)
Harry M. Conger
Juan Enrique Morales (*)
Francisco Costabal
Alternate Directors
Steve I. Tanner
Germán Morales (*)
Kathleen Quirk
Mario Espinoza Durán (*)
Joshua Olmsted
Executives
Joshua Olmsted, General Manager
Codelco’s Interest and Changes during 2010
Codelco has a 49% interest, which has not changed since the company was incorporated.
Business Relations with Codelco
Main business between the two companies: El Abra sells copper cathodes to Codelco. Codelco sells sulphuric acid to SCM El Abra. The amount and price is negotiated on a yearly basis.
Contracts with Codelco
The copper sales agreement is under a Marketing Agreement, signed on 15 June 1995, between SCM El Abra and Codelco Services Ltd. This agreement sets forth the termination date as 1 January 2012 and it can be automatically renewed on a year-to-year basis. Sulphuric acid sales contracts have been extended until 31 December 2016.
Investment Ratio of Head Office Total
2010 Investment in associated company US$542,625,000. 2009 Investment in associated company US$448,014,000.
Investment Ratio of Head Office Total Assets
2,676%, 2010.
*Codelco directors or executive directors
Minera Gaby S.A.Codelco has a 99.9% interest in subscribed and paid-up shares. There were no changes during the period under review.As at December 2010
Legal Status
RUT: 76.685.790-6 Trade Name: Minera Gaby S.A. Closely Held Company, incorporated: 22 September 2006.
Subscribed and Paid-In Capital
As at 31 December 2010, shareholders had subscribed and paid 1,000 registered common, non-par-value shares, all in the same series. Capital authorised, subscribed and paid totalled US$20,000,000. Shareholders: Corporación Nacional del Cobre de Chile holds a 99.9% interest, and Sociedad Inversiones Copperfield Limitada holds a 0.1% interest.
Corporate Purpose
Mine, explore, prospect, research, develop and operate ore deposits in order to extract, produce and process minerals, concentrates and other mineral products, and for this purpose install and operate ore processing and treatment plants.
Directorio
Diego Hernández C., Chairman (*)
Juan Enrique Morales (*)
Thomas Keller Lippold (*)
Waldo Fortin Cabezas (*)
Luis FarÃas Lasarte (*)
General Manager
Eliseo Pérez Delard
Codelco’s Interest and Changes during 2010
Business Relations with Codelco
Entre Minera Gaby S.A. (MGSA) y Codelco existen relaciones comerciales y contratos relacionados con la explotación de la mina Gabriela Mistral y plantas de beneficios, bajo un Contrato General de Prestación de Servicios.
Otras relaciones se desarrollan mediante contratos de Mandatos con representación, Gestión de actividades inversionales de proyectos, Servicios de tecnologÃas de la información y comunicaciones, entre otros.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$33,577,000. 2009 Investment in subsidiary company US$24,867,000.
Investment Ratio of Head Office Total Assets
0,166%, 2010.
*Codelco directors or executive directors
Inca de Oro S.A.As at December 2010
Legal Status
RUT: 76.063.022-5 Incorporation: 11 June 2009.
Notary’s Office: Osvaldo Pereira Gonzales, under Series No. 7.565.09,
Abstract page 30101 N1 20730 in the Registry of Commerce of the Santiago Property Registrar.
Subscribed and Paid-In Capital
As at December 2010, capital subscribed and paid by Codelco was US$6,100,000, representing 79.74 %.
Corporate Purpose
Exploration and mining resources, exploration and concentrator plants. Incorporate or form part of other partnerships in similar, related or complementary activities; or acquire or transfer rights or shares in them. Acquisition, incorporation and sale of properties, ore deposits, concessions and mining rights in general, immovable or movable assets, and also securities and any other kind of financial instrument. Provide services in Chile and overseas for the mining industry.
Directorio hasta fecha de cierre
Luis FarÃas Lasarte, Chairman (*)
Germán Morales G. (*)
Nicolás Saric R. (*)
General Manager
Nicolás Saric R. (*)
Codelco’s Interest and Changes during 2010 hasta fecha de cierre
During the period under review, Codelco Chile held a 74% interest and CompañÃa Contractual Minera Los Andes held the remaining: 20.26%.
Business Relations with Codelco
The company did not perform any business activities during 2010 with its owner Codelco.
Contracts with Codelco
The company did not have contracts. However, it has a contract with a Codelco subsidiary, Exploraciones Mineras Andinas S.A., to provide exploration services that considers 4,500 metres of drilling, with additional support services, including geology, mapping, chemical analysis and operational support from August 2009 to February 2010. The contract was completed on 1 April 2010.
Investment Ratio of Head Office Total hasta fecha de cierre
2010 Investment in subsidiary company US$2,959,000. 2009 Investment in subsidiary company US$4,574,000.
Investment Ratio of Head Office Total Assets
0,015%, 2010.
*Codelco directors or executive directors.
Exploraciones Mineras Andinas S.A.As at December 2010
Legal Status
RUT: 99.569.520-0
Exploraciones Mineras Andinas S.A.
Incorporation:
29 July 2004.
Partners:
Corporación Nacional del Cobre de
Chile, 99.99%; and Sociedad de
Inversiones Copperfield Ltda., 0.1%
interestSubscribed and Paid-In Capital
As at 31 December 2010, capital subscribed
and paid by Codelco totalled
US$236,000, representing 99.9%.Corporate Purpose
Provide planning, management and
implementation services for mining
exploration and water resources exploration
programmes, providing services
in: drilling, chemical analysis, sampling,
lab analysis, geological and
geophysical mapping, physical property
measurement, material characterisation,
support and other services
required to implement such programmes;
consulting services in geology
and related fields; staff training in
areas related to mining exploration;
seminars, workshops and courses;
publications.Directorio
Carlos Huete Lira, (Chairman) (*)
Edmundo Tulcanaza (*)
Alejandro Gómez Arenal (*)
Ejecutivo
Sergio Rivera Cabello, General Manager
Codelco’s Interest and Changes during 2010
As at 31 December 2010, Codelco directly
holds a 99.9% interest and indirectly 0.1
% under its subsidiary Soc. de
Inversiones Copperfield Ltda. There
were no changes during the period
under review.Business Relations with Codelco
The company provides geological
exploration services to Codelco and
Codelco subsidiaries.Contracts with Codelco
Mining Exploration Services Contract.
Since 15 October 2004, the company
has entered into several contracts with
Codelco in order to implement and
execute Codelco’s exploration programmes
in Chile. The contract currently in
force is “Integral Mining Exploration
Services for 2010-2011 Programmesâ€.
Geological Prospecting Services Contract (Contract between EM S.A.
and IDO S.A.).
The Company entered into a service
contract with Inca de Oro S.A., a
Codelco subsidiary, on 1 August 2009,
to carry out geological prospecting to
demarcate, estimate and classify
during the first seven years of exploration
at Inca de Oro deposit. Contract
end date: 1 April 2010.Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$1,058,000.
2009 Investment in subsidiary
company US$760,000.Investment Ratio of Head Office Total Assets
0,005%, 2010.
*Codelco directors or executive directors
CompañÃa Minera Picacho SCMAs at 31 december 2010
Legal Status
RUT: 78.712.170-5 Trade Name: CompañÃa Minera Picacho SCM. Incoporated on 26 September 1994. Notary’s Office: Andrés Rubio Flores, under Series No. 6552/94.
Subscribed and Paid-In Capital
Capital subscribed and paid by Codelco (9,999 shares) and Sociedad de Inversiones Copperfield Limitada (1 share) totalled US$1,213,000.
Corporate Purpose
It was originally incorporated in 1994 by Codelco and Sociedad Minera Mount ISA Chile S.A. to carry out geological exploration on property owned by Codelco and Mount ISA. In 1997, Codelco bought Mount ISA’s shares and expanded the company’s business activities in order to apply for water exploration permits and obtain water use rights, recently becoming its main business activity.
Directorio
Carlos Huete Lira (*), Chairman Nicolás Saric Rendic (*) Hernán Sepúlveda Astorga (*)
General Manager
Ãlvaro Puig Godoy (*)
Codelco’s Interest and Changes during 2010
Codelco directly and indirectly holds 100% interest.
Business Relations with Codelco
No business relations in 2010.
Contracts with Codelco
Mandate to Codelco that authorises exploration activities in areas where Picacho has exploration requests approved and/or undergoing approval effective until December 2010.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$127,000. 2009 Investment in subsidiary company US$135,000.
Investment Ratio of Head Office Total Assets
0,001%, 2010.
*Codelco directors or executive directors
CompañÃa Contractual Minera Los Andes, CCMLAAs at 31 december 2010
Legal Status
RUT: 78.860.780-6
Trade Name: CompañÃa Contractual Minera Los Andes (CCMLA)
Incorporation: 16 May 1996, Series No. 273. Notary: M. Gloria Acharán Toledo.
Registered on page 117, in 1996, in the Property Registry and on page 9550, in the Shareholders’ Book of the Santiago Mining Registrar.
Subscribed and Paid-In Capital
Capital subscribed and paid by partners, equivalent to 15,220,454 shares, Codelco paid 99.969% and Minera Picacho 0.031%, totalling US$17,655,000
Corporate Purpose
Geological and other explorations to find and survey ore bodies in Chile or overseas.
Directorio
Waldo Fortin Cabezas, Chairman (*)
Francisca Castro Fones (*)
Juan Enrique Morales Jaramillo (*)
Carlos Huete Lira (*)
Nicolás Saric Rendic (*)
General Manager
Nicolás Saric Rendic (*)
Codelco’s Interest and Changes during 2010
Codelco holds a 99.969% interest. There were no changes during the period under review.
Business Relations with Codelco
Its exploration activities are temporarily at a standstill. Its Exploradora and Esteli properties are being explored by Rio Tinto Mining and Exploration Limited/Agency in Chile; and Los Lobos property by Hot Chili (Australia), under options contract that in the future may become public limited companies. During the year, Codelco paid, on behalf of the company, for mine maintenance work, expenses that are recognised under accounts payable. In March 2009, CCM Los Andes received a capital contribution from its principal shareholder, Codelco, to exercise the share option on the Porteñas mining property, subsequently contributed to create Inca de Oro, S.A
Contracts with Codelco
No new contracts were entered into during 2010.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$303,000. 2009 Investment in subsidiary company US$1,696,000.
Investment Ratio of Head Office Total Assets
0,001%, 2010.
*Codelco directors or executive directors
Agua de la Falda S.A.As at December 2010
Legal Status
RUT: 96.801.450-1
Incorporation:
25 July 1996.
Partners:
Codelco 43.28% and Minera Meridian Limitada 56.72%.
Subscribed and Paid-In Capital
Capital subscribed and paid by Codelco: US$17,052,000, representing a 43.28% interest.
Corporate Purpose
Prospecting, exploring and extracting from mining properties that contain gold, precious metals and other metals, and subsequent marketing activities.
Directors
Roberto Alarcón Bittner,
Chairman Ricardo Palma
Charles Bruce Main
Nicolás Saric Rendic (*)
Edmundo Tulcanaza Navarro (*)
Alternate Directors
Sergio Orrego Flory
Alejandro Gordon Farfán
Jacqueline Francois Fuentes
Eduardo Foix Iñiguez (*)
Carlos Huete Lira (*)
General Manager
Felipe Núñez Cordero
Codelco’s Interest and Changes during 2010
Codelco holds a 43.28% interest and there were no changes in shareholding structure during the period under review.
Business Relations with Codelco
The company has the following service contracts with Codelco: Freshwater, industrial water and power supply, and crushing plant lease contract.
Contracts with Codelco
No new contracts during 2010.
Investment Ratio of Head Office Total
2010 Investment in associated company US$5,810,000. 2009 Investment in associated company US$5,783,000.
Investment Ratio of Head Office Total Assets
0,029%, 2010.
* Codelco directors or executive directors.
- Port
-
Complejo Portuario Mejillones S.A.
As at December 2010
Legal Status
RUT: 96.819.040-7
Incorporation:
18 March 1997.Notary’s Office:
Hugo Leonardo Pérez Pousa
Registered in the Santiago Registry of
Commerce on page 7,188 No. 5.679.Subscribed and Paid-In Capital porCodelco
As at 31 December 2010, capital subscribed
and paid by Codelco totalled
US$32,592,000, representing a 99.99%
interest.Corporate Purpose
The purpose of the company is to project,
build and operate a port in the
Mejillones bay, 2nd Region of
Antofagasta. CPM developed the project
and awarded the construction and operation
of Terminal 1 through a 30-year
concession contract to CompañÃa
Portuaria Mejillones S.A., a private consortium
originally formed by Grupo
Ultramar, Inversiones y Construcciones
Belfi Ltda. and Inversiones Portuarias
Norte Grande S.A.Directores
Jorge Taboada, Presidente
Rodrigo Toro U. (*)
Waldo Fortin C. (*)
Mario Espinoza D. (*)
Teodoro Wigodski
General Manager
ÃÂlvaro Arroyo Albala
Codelco’s Interest and Changes during 2010
There were no changes during the
period under review.Business Relations with Codelco
Codelco Guarantee Contract: it is a guarantee
contract entered into by
Codelco, Complejo Portuario Mejillones
S.A. and CompañÃa Portuaria Mejillones
S.A., whereby Codelco guarantees to
CompañÃa Portuaria Mejillones S.A. the
payment of any and all sums payable
by CPM to the CompañÃa Portuaria
under the Contract to Build Port
Facilities and Provide Port Services at
Terminal 1, Mejillones (BOT Contract),
entered into by both companies, in the
event that CPM fails to comply.Contract whereby CPM rents out office
space to Codelco at Terminal 1 administration
building, October 2003.Contracts with Codelco
There were no new contracts with
Codelco in 2010.Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$25.990.2009 Investment in subsidiary
company US$32.777.Investment Ratio of Head Office Total Assets
0,128%, 2010.
*Codelco directors or executive directors
- Research & technology
-
Mining Industry Robotic Solutions S.A. (MIRS S.A.)
As at December 2010
Legal Status
RUT: 76.869.100-2
Incorporation: 11 April 2008.
Notary’s Office: René Benavent Cash. Registered on page 22,026 No. 16.060 in the Registry of Commerce of the Santiago Property Registrar in 2007.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$3,092,000, representing a 36% interest.
Corporate Purpose
Research, design, creation, invention, manufacture, installation, supply, maintenance and marketing in whatever form, all kinds of robotic products, robotic technology products or supplies required or complementary to market and maintain such products in the mining and metallurgical industry, and related services; produce under licensing, license, and market product licenses, robotic technology processes and services for the mining and metallurgical industry and, also form any kind of firm and become a partner or shareholder in any existing firm.
Directors
Hugo Salamanca Poblete, Presidente.
Eugenio Barhar Bortschenko
Juan Carlos Villegas
Luis Morán Tamayo
José Robles Becerra (*)
Pedro Sierra Bosch
Kenichi Murakami
General Manager
Edgar Happke A.
Codelco’s Interest and Changes during 2010
Codelco has 67,925 shares, equivalent to 36% and the remaining shares are distributed between Industrial Support Company Limitada, 53%, Nippon Mining & Metals Co. Ltd., 9% and Kuka Roboter GmbH, 2%.
Contracts with Codelco
At present, MIRS S.A. has a Framework Contract with Codelco to develop robotic solutions and implement operation and maintenance services for the technology’s life cycle, so as to facilitate the early incorporation of these solutions in Codelco’s processes.
Investment Ratio of Head Office Total
2010 Investment in associated company US$2,537,000. 2009 Investment in associated company US$2,238,000.
Investment Ratio of Head Office Total Assets
0,013%, 2010.
*Codelco directors or executive directors
Mining Information, Comunication and Monitoring S.A. (MICOMO S.A.)As at December 2010
Legal Status
RUT: 76.561.210-1
Trade Name: Mining Information, Communication and Monitoring S.A. (MICOMO S.A.)
Incorporation: 10 April 2006.
Notary’s Office: César Ricardo Sánchez GarcÃa. Registry of Commerce of the Santiago Property Registrar, on page 16,702, No.11,490, in 2006
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$1,980,000, representing a 66% interest.
Corporate Purpose
MICOMO S.A. was incorporated by Codelco jointly with NTT Advanced Technology Corporation (Japan) and NTT Leasing (USA), Inc. The purpose of the company is to provide, design and maintain ITC products (information technology and communications) and services related to Codelco; and extend the aforementioned business to mining companies in Chile and abroad.
Directors
Juan Enrique Morales Jaramillo, Presidente (*)
Pedro Antonio Morales Cerda (*)
Marco Orellana Silva (*)
Daniel BarrÃa Iroumé
Hiroshi Kotera
Yoshihisa Sakai
General Manager
Vacant
Codelco’s Interest and Changes during 2010
Codelco has 66% of subscribed and paid shares. There were no changes during the period under review.
Contracts with Codelco
Framework Contract No. 4600006468. NTT Technology Adaptation and Implementation Services. Service Framework Contract No. 4600009138. Micomo Services for development, validation, implementation and support during the technology’s life cycle.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$1,773,000. 2009 Investment in subsidiary company US$2,810,000.
Investment Ratio of Head Office Total Assets
0,009%, 2010.
*Codelco directors or executive directors
Kairos Mining S.A.As at December 2010
Legal Status
RUT: 76.781.030-K
Incorporation: 12 December 2006.
Notary’s Office: Eduardo Avello Concha. Registered in the Registry of Commerce on page 363, no.295 in 2008.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco Chile totalled US$40,000 (forty thousand US dollars) equivalent to 400 shares. The remaining 60% of shares is held by Honeywell Chile S.A.
Corporate Purpose
The purpose of this company is to provide automation and control services for industrial and mining activities, and also provide technology and software licenses.
Directors
Claudio Zamora Larreboure, Presidente
Luis Castelli Sandoval (*)
José Robles Becerra (*)
Frank Whitsura
David Sánchez
General Manager
Fernando Lorca Arancibia
Codelco’s Interest and Changes during 2010
Codelco Chile has a 40% interest in Kairos Mining S.A. There were no changes during the period under review.
Business Relations with Codelco
Kairos Mining S.A. has a long-term service framework agreement currently in force with Codelco Chile. Services Framework Agreement to develop an automation programme at Codelco concentrator plants, during a 5-year period (as of 3 April 2008); it can be extended for equal and successive 5-year periods.
Contracts with Codelco
10 September 2010, Amendment No. 1 to the Service Framework Agreements was signed, expressly incorporating the concentrator plants at Salvador and Ministro Hales Divisions, within the scope of the programme-initiative.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$105,000. 2009 Investment in subsidiary company US$94,000.
Investment Ratio of Head Office Total Assets
0,001%, 2010.
*Codelco directors or executive directors
Instituto de Innovación en MinerÃÂa y Metalurgia S.A.As at December 2010
Legal Status
RUT: 96.854.500-0 Instituto de Innovación en MinerÃa y Metalurgia S.A.
Incorporation: 24 September 1998 Series No. 3664/98 Santiago
Notary’s Office: Antonieta Mendoza Escala.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$3,296,000, representing 99.93%.
Corporate Purpose
Develop metallurgical and mining technological innovation.
Directors
Juan Enrique Morales Jaramillo, Chairman (*)
Pedro Morales Cerda (*)
Carlos Urzúa RamÃrez (*)
Ricardo Ãlvarez Fuentes (*)
Andrés Weintraub Pohorille
General Manager
Pedro Sierra Bosch
Codelco’s Interest and Changes during 2010
Codelco has 99.93% interest and there were no changes during the period under review.
Business Relations with Codelco
Business relations between IM2 and Codelco dates from 1998. At present the three-year Technological Innovation and Research Agreement is in effect for 2009-2011, whereby IM2 provides services for preparing, and implementing technological innovation and research programmes and projects.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$5,305,000. 2009 Investment in subsidiary company US$4,786,000.
Investment Ratio of Head Office Total Assets
0,026%, 2010.
*Codelco directors or executive directors
Biosigma S.A.As at December 2010
Legal Status
Legal Status RUT: 96.991.180-9
Incorporation: 31 May 2002.
Notary’s Office: Nancy de la Fuente Hernández. Santiago Registry of Commerce of Property Registrar, on page 14,849 No.12.239 in 2002, and it was rectified on page 17.663 No.14,532.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco totalled US$ 25,066,000, representing 66.67%.
Corporate Purpose
Develop processes and technology in the field of genomics, proteomics and bioinformatics for mining and, in general, apply the microorganism-based systems and other activities and businesses related to the above areas. The activities currently developed are technological validation and mineral bioleaching research at the pilot plants and commercial prototypes.
Directors
Juan Enrique Morales Jaramillo, Chairman (*)
Pedro Antonio Morales Cerda (*)
Mario Espinoza Durán (*)
Pedro Sierra Bosch (*)
Keiichi Sato
Kenichi Murakami
Alternate Directors
Luis Castelli Sandoval (*)
José Robles Becerra (*)
Gloria Parada Zamorano (*)
Juan González González (*)
Wataru Takahashi
Hirofumi Nakata
General Manager
Ricardo Badilla Ohlbaum
Codelco’s Interest and Changes during 2010
Incorporated by Codelco in association with the Japanese Nippon Mining and Metals Co. Ltd. As at 31 December 2010, Codelco had a 66.67% interest and there were no changes during the period under review.
Contracts with Codelco
To date, Biosigma S.A. has entered into the following contracts with Codelco: Contracts signed with Codelco in 2010. Merchant Account Contract dated 24 September 2010. Commodatum Contract dated 26 August 2010, for the delivery of material to BioSigma from the Experimental Pilot Platn CELTE, located in Huechún. Duration: 5 years. Addendum 3 dated 28 May 2010; it extends until 31 December 2010 the Technological Agreement between Codelco BioSigma originally until 23 December 2004. Letter of Intent dated 24 September 2010, to carry out an Industrial Trial of the Technology Applied to the RT Mixed Ore at Codelco Norte Division. Service Contract dated 12 March 2010, to carry out a study on the bioleaching microflora in at Codelco Andina. Service contract dated 1 January 2010, to carry out lab tests for the application of BioSigma technology on sulphide mineral samples from El Teniente and Salvador Divisions, and called Iron Ore Copper and Gold. Amendment 1 on 10 September to EPCM Service Contract, RT Mixed Ore Industrial Test Biomass Plant Project, that extends its implementation until 31 December 2010. Framework Contract dated 17 November 2010, to develop BioSigma’s Application of Bioleaching Technology project, to the mineral resources of Codelco Divisions by applying expert services, conducting lab research, pilot plants, industrial tests and engineering studies.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$2,046,000. 2009 Investment in subsidiary company US$2,263,000.
Investment Ratio of Head Office Total Assets
0,010%, 2010.
*Codelco directors or executive directors
- Trading
-
CK Metall Agentur GmbH
As at December 2010
Legal Status
Limited Liability Company incorporated in Germany on 7 July 1992. A subsidiary company of Codelco Küpferhandel GmbH.
General Manager
Heribert Heitling
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by the Codelco Chile subsidiary, Codelco Küpferhandel GmbH, totalled €30,000, as sole shareholder.
Codelco’s Interest and Changes during 2010
Codelco has indirect ownership through its subsidiary company Codelco Küpferhandel GmbH. Codelco Küpferhandel GmbH has a 40% interest. There were no changes during the period under review.
Business Relations with Codelco
A commercial operations agent of Codelco Chile in Germany and Northern European countries. Specifically as Codelco Chile sales agent for copper products in Germany, Austria, the Netherlands and Denmark. As Codelco Chile sales agent for molybdenum and other by-products in Germany, Austria, the Netherlands, Czech Republic, Slovakia and Poland. It coordinates logistics and supports shipping and delivery operations to customers.
Contracts with Codelco
Cathode contracts.
Deutsche Giessdraht GmbHAs at December 2010
Legal Status
Incorporated in Germany on 9 April 1975. An associated company of Codelco Küpferhandel GmbH.
Corporate Purpose
Wire rod production plant.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by the Codelco Chile subsidiary, Codelco Küpferhandel GmbH, totalled €3.200.000, a 40% interest.
Directores titulares
Stefan Boel, Chairman
Raúl de la Piedra (*)
Heribert Heitling (*)
Jens Jacobsen
Björn Carsten Frenzel
Alternate Directors
Michael Landau
Fernando Eimbcke (*)
Wilhelm Happ (*)
General Manager
Jürgen Jestrabek
Codelco’s Interest and Changes during 2010
Codelco has indirect ownership through its subsidiary company Codelco Küpferhandel Gmbh. Codelco Küpferhandel GmbH has a 40% interest. There were no changes during the period under review.
Business Relations with Codelco
Codelco Küpferhandel GmbH (Codelco subsidiary) has a direct relationship with the wire rod production plant Deutsche Giessdraht GmbH, and is its supplier in cathode supply management, and it also trades the wire rods produced.
Contracts with Codelco
Cathode contract.
*Codelco directors or executive directors
Codelco Küpferhandel GmbHAs at December 2010
Legal Status
A limited liability company incorporated in Hamburg on 27 March 1981.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco Chile totalled €3.000.000, as the sole shareholder.
Corporate Purpose
Import, export, trade and transform metal in any form, especially copper; and trade equipment for the copper producing industry. This company’s objective is also to acquire and manage shareholding in metal manufacturing companies, especially copper, and also undertake research work to obtain and manufacture metals. It holds 100% interest in the subsidiary CK Metall Agentur GmbH and 40% in the wire rod production plant Deutsche Giessdraht GmbH; in the latter it manages the cathodes supply, and also markets the wire rods produced.
Directorio
Diego Hernández C., Chairman (*)
Rodrigo Toro U. (*)
MarÃa de los Ãngeles Pérez (*)
General Manager
Heribert Heitling
Codelco’s Interest and Changes during 2010
Codelco has 100% interest. There were no changes during the period under review.
Business Relations with Codelco
Through the subsidiary CK Metall Agentur, GmbH acts as the commercial operations agent for Codelco Chile in Northern European countries (Germany, Austria, the Netherlands and Denmark). Through its associated company in the UK, Codelco Services Ltd., it performs hedging and other brokerage activities for Codelco.
Contracts with Codelco
Cathode contract.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$0. 2009 Investment in subsidiary company US$1,085,000.
Investment Ratio of Head Office Total Assets
0%, 2010
*Codelco directors or executive directors
Codelco USA Inc.As at December 2010
Legal Status
Subsidiary company of Codelco Group (USA), Inc. Incorporated under the Laws in the State of York.
Corporate Purpose
Acts as sales agent and represents Codelco Chile copper products and byproducts in NAFTA markets, and also internally trades copper in NAFTA with the respective logistics procedure.
Directorio
Rodrigo Toro U., Presidente (*)
Waldo Fortin (*)
Conrado Venegas (*)
General Manager
Michael Galetzki
Codelco’s Interest and Changes during 2010
Codelco has indirect ownership through its subsidiary company Codelco Group USA Inc. Codelco Group USA Inc. has 100% interest. There were no changes during the period under review.
Business Relations with Codelco
It has business relations with Codelco, as Codelco’s sales agent and representative before international organisations. Specific examples of the business relationship: Acted as sales agent and representative of Codelco-Chile in markets, organisations and activities assigned. Codelco Chile sales agent for copper,
Contracts with Codelco
Agency contracts, copper purchase contracts.
*Codelco directors or executive directors
Codelco Group (USA) Inc.As at December 2010
Legal Status
Incorporated on 21 December 1992 as a corporation chartered in the State of Delaware, pursuant to section 108(c) under the General Corporation Law.
Subscribed and Paid-In Capital
As at 31 December 2010, capital subscribed and paid by Codelco Chile corresponds to 1,000 shares totalling US$1,000.
Corporate Purpose
Any action or activity permitted under the General Corporation Laws in the State of Delaware. As at 31 December 2010, under this company there are two subsidiaries: Codelco-USA Inc. and Codelco Metals Inc; their objective is to act, but not limited to, as sales agent and representative of Codelco Chile for copper products and by-products in NAFTA markets; trade copper internally in NAFTA markets applying the relevant logistics procedures.
Directorio
Rodrigo Toro U., Presidente (*)
Waldo Fortin (*)
Conrado Venegas (*)
General Manager
Michael Galetzki
Codelco’s Interest and Changes during 2010
Codelco has a 100% interest. There were no changes during the period under review.
Business Relations with Codelco
Business relations with Codelco are established through the subsidiary companies in Codelco Group Inc.; one as Codelco Sales Agent; another as a copper and molybdenum trading company.
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Contracts with Codelco
Agency contracts, contracts for the purchase of copper.
Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$0. 2009 Investment in subsidiary company US$0.
Investment Ratio of Head Office Total Assets
0%, 2010
*Codelco directors or executive directors
Codelco Services LimitedAs at December 2010
Legal Status
Limited liability company incorporated in England on 16 August 1988. A subsidiary company of Copper Limited and associated company of Codelco Kupferhandel GmbH.
Subscribed and Paid-In Capital
As at 31 December 2010, Capital subscribed and paid by its owners was £500,000 with 500,000 shares at £1 each. Chile Copper Limited owns 400,000 shares and Codelco Küpferhandel GmbH owns 100,000 shares.
Corporate Purpose
Its corporate purpose is extensive, and can be summarised as manufacturing, storage and trade of products and provide services to third parties. Its normal business is limited to trading copper and molybdenum products and copper futures trade, in order to provide services to Codelco Chile and Codelco Kupferhandel GmbH, and other companies in the Codelco Group that the Head Office deems appropriate.
Directorio
Rodrigo Toro U., Chairman (*)
MarÃa de los Ãngeles Pérez (*)
Conrado Venegas (*)
Gonzalo Cuadra
General Manager
Gonzalo Cuadra
Codelco’s Interest and Changes during 2010
Codelco has indirect ownership through its subsidiaries Chile Copper and Codelco Kupferhandel. They have an 80% and 20% interest, respectively. There were no changes during the period under review.
Business Relations with Codelco
Codelco Services Limited trades copper and molybdenum to meet Codelco Chile contracts; it also provides hedging services for Codelco Chile and the related company Codelco Kupferhandel GmbH.
*Codelco directors or executive directors
Chile Copper LimitedAl 31 de diciembre de 2010
Legal Status
Limited Liability Company created in
England on 29 March 1971.Subscribed and Paid-In Capital
As at 31 December 2010, Capital subscribed
and paid by Codelco Chile totalled
£ 1,000, subscribed in 1,000 shares.
Codelco Chile holds 998 shares.
Codelco Chile jointly with Gonzalo
Cuadra have 2 shares.Corporate Purpose
Codelco Chile Sales Agent and representative
for copper and molybdenum
products in the UK, Spain, Scandinavia,
Bulgaria, Turkey and other European
and Middle Eastern markets.
It owns 80% of the subsidiary Codelco
Services Ltd., the remaining 20% is
owned by Codelco Kupferhandel
GmbH.Directorio
Rodrigo Toro U., Presidente (*)
MarÃa de los Angeles Pérez L. (*)
Conrado Venegas (*)
General Manager
Gonzalo Cuadra
Codelco’s Interest and Changes during 2010
Codelco holds a 100% interest. There
were no changes during the period
under review.Business Relations with Codelco
Agent through its subsidiary company
Codelco Services Ltd. It trades copper
and molybdenum to meet Codelco
Chile contracts; and it also carries out
hedging operations for Codelco Chile
and its subsidiary Codelco
Kupferhandel GmbH.Contracts with Codelco
Copper sales agency contract.
Molybdenum sales agency contract.Investment Ratio of Head Office Total
2010 Investment in subsidiary
company US$2,323,000.
2009 Investment in subsidiary
company US$2,350.Investment Ratio of Head Office Total Assets
0,011%, 2010.
*Codelco directors or executive directors
Chile Copper LimitedLegal Status
Limited Liability Company created in England on 29 March 1971.
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Subscribed and Paid-In Capital
As at 31 December 2010, Capital subscribed and paid by Codelco Chile totalled £ 1,000, subscribed in 1,000 shares. Codelco Chile holds 998 shares. Codelco Chile jointly with Gonzalo Cuadra have 2 shares.
Corporate Purpose
Codelco Chile Sales Agent and representative for copper and molybdenum products in the UK, Spain, Scandinavia, Bulgaria, Turkey and other European and Middle Eastern markets. It owns 80% of the subsidiary Codelco Services Ltd., the remaining 20% is owned by Codelco Kupferhandel GmbH.
Directors
Rodrigo Toro U., Chairman (*)
MarÃa de los Angeles Pérez L. (*)
Conrado Venegas (*)
General Manager
Gonzalo Cuadra
Codelco’s Interest and Changes during 2010
Codelco holds a 100% interest. There were no changes during the period under review.
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Business Relations with Codelco
Agent through its subsidiary company Codelco Services Ltd. It trades copper and molybdenum to meet Codelco Chile contracts; and it also carries out hedging operations for Codelco Chile and its subsidiary Codelco Kupferhandel GmbH.
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Contracts with Codelco
Copper sales agency contract. Molybdenum sales agency contract.
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Investment Ratio of Head Office Total
2010 Investment in subsidiary company US$2,323,000. 2009 Investment in subsidiary company US$2,350.
Investment Ratio of Head Office Total Assets
0,011%, 2010.
Headquarters | huérfanos 1270 | santiago | chile | telephone 690 3000 P.O. Box 150 d