January 23, 2017 8:05 AM ET

Metals and Mining

Company Overview of Minera Escondida Limitada

Company Overview

Minera Escondida Limitada operates copper mines and extracts copper ores in Chile. It also extracts gold and silver ores. The company was founded in 1985 and is based in Santiago, Chile. It has an additional location in Antofagasta, Chile. Minera Escondida Limitada operates as a subsidiary of BHP Billiton Limited.

Avda Americo Vespucio Sur 100

Piso 9

Las Condes

Santiago,  7550148

Chile

Founded in 1985

Phone:

56 2 330 5000

Fax:

56 22 207 6520

Key Executives for Minera Escondida Limitada

Interim President
Vice President of Finance
Vice President of Operational Services
Vice President of Human Resources
Vice President of Projects
Compensation as of Fiscal Year 2016.

Minera Escondida Limitada Key Developments

Workers at Escondida Rejects Initial Offer as Collective Contract

Workers at Escondida have rejected the company's initial offer as collective contract talks start. Besides rejecting all workers' demands, Escondida's opening offer involved reducing some benefits, according to the union. Under Chile's rules on labour talks, the parties have until January 23 to negotiate an agreement, after which the company has to submit its final offer.

Minera Escondida Announces Earnings and Operating Results for First Half of 2016

Minera Escondida announced earnings and operating results for first half of 2016. For the period, the saw net profits drop 52% year-on-year to $527 million. Revenue totaled $2.74 billion, down 35%, which the company attributed to a drop in copper prices and lower production. Operating profits were 45% lower at $781 million. For the first half, the company’s production reached 539,824t, down 22% from January-June 2015, and comprised 369,704t of copper in concentrates and $,120t of cathodes.

Minera Escondida Announces Executive Changes

Minera Escondida announced that Hilmar Rode will step down as company president effective August 1, 2016 after serving in the post since September 2014. Marcelo Castillo, current general manager of Escondida's concentrates operations, has been appointed as interim president of the company.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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