英美资源集团与Codelco签署50亿美元合作协议

Anglo American, Codelco sign $5 billion cooperation deal

英美资源集团和智利国家铜业公司Codelco已同意为其位于智利的相邻铜矿项目实施一项联合开采计划，称其为史无前例的举措。

Anglo American and Codelco have agreed to implement a joint mine plan for their neighbouring copper projects in Chile in what they call an unprecedented move.

根据谅解备忘录，两家矿商打算成立一家新公司，负责协调联合开采计划，优化利用两家公司的加工能力：Los Bronce和Andina。

Under an MOU, the miners intend to create a new company to coordinate a joint mine plan, which will optimise the use of the processing capacity of two operations: Los Bronce and Andina.

在英国上市的英美资源集团通过其子公司Anglo American Sur (AAS)经营并拥有Los Bronces矿50.1%的股份。日本企业集团三菱持有20.4%的股份，智利国有企业Codelco和日本企业三井物产通过合资企业持有剩余的29.5%。

UK-listed Anglo American operates and owns 50.1% of the Los Bronces mine through its subsidiary Anglo American Sur (AAS). Japanese conglomerate Mitsubishi has a 20.4% stake, while Chile’s state-owned Codelco and Japanese group Mitsui own the remaining 29.5% through a joint venture.

Kallanish（开阑商务信息咨询）获悉，Codelco还拥有并经营着附近的Andina矿。这两个项目合计约占全球铜储量的2%，含铜量6,000万吨。

Codelco also owns and operates the nearby Andina mine. Together, the two projects account for around 2% of global copper reserves, or 60 million tonnes of contained copper, Kallanish learns.

通过联手在2030年至2051年期间将铜产量提高270万吨，相当于每年12万吨，Codelco和AAS预计将带来“至少50亿美元”的净现值提升，这笔资金将平分。虽然联合开采计划的成本和责任也将分摊，但每家公司都将保留各自资产的全部所有权，并将继续单独开采其特许矿区。

By joining forces to boost copper production by 2.7m t between 2030 and 2051, equivalent to 120,000 t/y, Codelco and AAS estimate to deliver a net present value uplift of “at least $5 billion,” which will be shared equally. While costs and liabilities of the joint mine plan will also be shared, each company will retain full ownership rights of their respective assets and will continue to exploit their concessions separately.

计划在2025年下半年完成尽职调查，并最终确定最终协议。杰富瑞分析师指出，该战略可将现金成本降低15%。

The plan is to conclude due diligence and finalise definitive agreements in the second half of 2025. Analysts at Jefferies note the strategy could reduce cash costs by 15%.

英美资源集团首席执行官Duncan Wanblad说：“铜是我们发展目标的重中之重，我们已经明确了到2030年代初实现铜年产量超过100万吨、增长30%的目标。”

“Copper is at the forefront of our growth ambitions and we already have a clear pathway to more than 1m t of annual copper production by the early 2030s, a 30% increase,” says Duncan Wanblad, Anglo American’s ceo.

Codelco董事长Maximo Pacheco指出，两家公司“几十年来一直是好邻居”，结成联盟后，将“在不增加任何实质性投资的情况下”提高铜产量。

Codelco’s chairman Maximo Pacheco notes the companies have been “good neighbours for decades” and with an alliance they will increase copper production “without any material additional investments.”

如果交易顺利进行，Pacheco预计该矿区将成为智利三个最重要的矿区之一，全球第四。 他补充说：“这个项目代表了全球前所未有的公私合作模式……每家公司都将独立但协调地开展采矿业务。”

If the deal goes ahead, Pacheco forecasts the mining district will become one of the three most important in Chile and the fourth worldwide. “This project represents an unprecedented public-private collaboration model globally… Each company will conduct its mining operations independently but in a coordinated manner,” he adds.

周四，英美资源集团公布，由于De Beers钻石业务和英国钾肥项目的非现金支出，2024年亏损30亿美元，而前一年则盈利2.83亿美元。该矿商的总收入下降11%，降至272亿美元。

Also on Thursday, Anglo American posted a $3 billion loss in 2024, from a $283 million profit the year before, due to non-cash charges in the De Beers diamond business and a potash project in the UK. The miner saw its total revenue drop 11% to $27.2 billion.