Codelco Builds More Sustainable and Responsible Copper Supply Chains

Beyond innovations in AI, automation and electric technology, International Copper Association member Codelco is leading efforts to achieve new levels of transparency within the copper industry. The miner has teamed with Nexans, a Paris-based leader in advanced cabling and connectivity, to make advancements in sustainability. The two companies signed a Memorandum of Understanding (MOU) on 12 January 2018 to strengthen the existing commercial relationship between Nexans and Codelco. The primary aim of the MOU is to develop and implement environmental, community friendly and ethical processes in the copper industry that promote sustainable practices.

The two companies have created procedures to ensure and document the sustainable production of copper along the entire supply chain. They trace the origins of the copper from its extraction at Codelco’s mining sites, through its delivery to and processing at Nexans-owned facilities, and end with its sale on the market. This partnership produced the first “carbon-neutral” shipment of copper cathodes in 2018.

Both Nexans and Codelco are directly and strongly linked within the copper value chain and understand how critical it is for all industry sectors to ensure sustainable and responsible supply chains.”

– Pascal Portevin, Senior Corporate Executive Vice President, International and Operations, Nexans

Copper is one of the planet’s most prized resources. This combined initiative with Codelco reinforces Nexans’ ongoing commitment to Corporate Social Responsibility (CSR) and sustainable development. From start to finish, Codelco yields an excellent track record of sustainability and efficiency in extracting the red metal so critical to today’s world.

About Codelco

Based in Santiago and established in 1976, Codelco (Corporación Nacional del Cobre de Chile or the National Copper Corporation of Chile) is a Chilean state-owned firm and the world’s largest copper miner with 19 percent of global red metal reserves. Codelco is also one of the largest molybdenum producers anywhere with 24,000 tonnes produced in 2018.

About Nexans

Based in Paris, Nexans S.A. is a global firm and one of the largest manufacturers of cable while specializing in the fiber optic sector. Founded in 2000, with a presence in 40 countries Nexans has 26,000 employees and is active in four main business areas: power transmission and distribution, energy resources, transportation and buildings.

About the Copper Alliance®

The Copper Alliance® is a network of regional copper centers and their industry-leading members. It is responsible for guiding policy and strategy and for funding international initiatives and promotional activities. Headquartered in Washington, D.C., the organization has offices in three primary regions: Europe, Asia and North America. The Copper Alliance has partnerships and programs in more than 100 countries.

29 February 2020

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