Codelco Signs Agreement With I-Pulse to Explore Advanced Mining Technologies

Codelco, Chile’s state-owned mining company, has signed a letter of intent with I-Pulse to explore pulsed power technologies for mining, focusing on sustainable solutions like rock fragmentation and precision drilling. This partnership addresses challenges such as older deposits, lower ore grades, and growing mineral demand for the energy transition.

The partnership is set to explore the use of pulsed power for applications such as rock fragmentation and precision drilling.

Máximo Pacheco, Codelco’s chairman, said: “This alliance reflects our commitment to innovation as a driver of more efficient and responsible mining. The possibility of incorporating capabilities like those of I-Pulse, which can revolutionise key processes such as rock fragmentation, is fully aligned with our vision for the future of Codelco and our goal of being a pillar of sustainable development in Chile and the world.”

Codelco also agreed with BHP to explore the Anillo property in Antofagasta, adhering to Law 19,137 for non-operational projects. Additionally, a joint venture with Rio Tinto, holding 57.74% to Codelco’s 42.26%, will study the Nuevo Cobre district in Atacama, with equal funding for 12-month preliminary studies, extendable.

In April 2025, Codelco committed to supplying copper concentrates to Adani Group’s $1.2 billion Kutch Copper smelter in Gujarat, India, supporting global markets. These initiatives highlight Codelco’s focus on innovation and sustainable mining.