May 24, 2016 7:15 AM ET

Metals and Mining

Company Overview of Compañía Minera del Pacífico S.A.

Company Overview

Compañía Minera del Pacífico S.A. extracts and produces iron ores in the Atacama and Coquimbo regions of northern Chile. Its products include pellet feeds, iron ore pellets, and pellet chips, as well as Granzas, a granulated iron ore product; and Fino, an iron ore product. It also operates in Japan, China, Australia, Bahrein, the United States, Korea, and Indonesia. The company was founded in 1981 and is headquartered in La Serena, Chile. Compañía Minera del Pacífico S.A. is a subsidiary of CAP S.A.

Av. Pedro Pablo Muñoz Nº 675

La Serena,  


Founded in 1981


56 51 266 8000


56 51 266 8100

Key Executives for Compañía Minera del Pacífico S.A.

General Manager
Chief Financial Officer
President of Pacific Ores and Trading N V
President of Sociedad de Ingenieria y Movimientos de Tierra del Pacifico Ltda
Chief Commercial Officer
Compensation as of Fiscal Year 2015.

Compañía Minera del Pacífico S.A. Key Developments

Hot Chili and Compañía Minera del Pacífico S.A. Sign joint Venture Agreement on Second Copper Project

Hot Chili announced that it has taken another key step in its strategy to develop a copper production hub in South America, with a non-binding agreement to eventually form a joint venture with Compania Minera del Pacifico S.A. at its Frontera project. The non-binding LOI has set out some preliminary terms towards the establishment of JV agreement between, Sociedad Minera El Corazon Limitada ('El Corazon'- Hot Chili's 100% owned Chilean subsidiary), and Compania Minera del Pacifico S.A. (CMP) over the Frontera project located in the III Region, Chile. Hot Chili and CMP are now working together to negotiate formal agreements to the proposed JV at Frontera. The final agreements, once completed and mutually satisfactory, will be subject to Board approval by both companies. This is expected to be a significant starting point for the commencement of exploration and resource growth activities at Frontera in 2016.

Hot Chili Limited and CMP Execute Landmark Agreement to Form a Joint Venture to Develop the Productora Copper Project in Chile

Hot Chili Limited and Compania Minera del Pacifico S.A. have executed a Memorandum of Understanding to form a joint venture to develop the Productora copper project in Chile. Under the deal, CMP will emerge with a 17.5% stake in Productora in return for providing surface rights, easements and its remaining 35% interest in certain Productora leases. The CMP assets will enable Hot Chili to build the key infrastructure needed to underpin Productora. There is an option for CMP to acquire a further 32.6% of Productora for a minimum of USD 80 million. CMP will contribute surface rights, easements and its 35% interest in certain Productora tenements in return for the 17.5% stake in the project.

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