Subsidiaries and Associated Companies, in Which We Are Majority Or Minority Shareholders
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Contents / Organizational chart / Milestones Companies Subsidiaries and associates We have a network of 46 subsidiaries and associated companies, in which we are majority or minority shareholders. During 2016, the molybdenum processing plant and the metal recovery plant, located in Mejillones, began operations. Codelco participates in companies and societies of several types, such as mining, developers of new uses of copper, research and technology, mineral processing plants, electric power, ports and healthcare entities. In addition are permanently, we seeking business opportunities in partnership with third parties, such as creating partnerships, acquisitions, mergers and sales. In 2016, Codelco made capital contributions to subsidiaries and associated companies for a total of US$ 150 million. In addition, the profits received by subsidiaries and associated companies amounted to US$ 78 million. Among the most relevant milestones of 2016 are the following: Mining Mineras • In the last quarter of the year, Molybdenum Processing Plant, of Investment Companies Inversión subsidiary Molyb Ltda., located in Mejillones, began operations. Electrical Rooms Eléctricas • Also, began operations the plant of Recuperadora de Metales SpA Processing plants subsidiary, located in Mejillones. Plantas de procesamiento New uses of copper • Santiago de Río Grande S.A. and CM Picacho societies were absorbed andNuevos molybdenum usos de cobre y molibdeno • Biosigma S.A. subsidiary changed its name to Codelco Tech SpA and Research &Investigación Technology absorbed IM2 S.A. y tecnología Trading companies • Codelco Canadá was created. Comercializadoras Port companies • 50% ownership in Copper Partners Ltda. was sold Portuarias Health and PensionsSalud y pensiones Companies 117 CODELCO 2016 ANNUAL REPORT Companies subsidiaries and associates Contents / Organizational chart / Milestones Agua de la Falda S.A. Anglo American Sur S.A. As of December 31, 2016 As of December 31, 2016 Legal status Legal status Public Limited Company. Public Limited Company. RUT: 96.801.450-1 RUT: 77.762.940-9 Trade Name: Agua de la Falda S.A. Trade Name: Anglo American Sur S.A. Incorporation date: July 25, 1996. Incorporation date: July 31, 2007. Partners: Codelco 43.28% and Minera Meridian Limitada Partners: Inversiones Anglo American Sur S.A. 50.05992%; 56.72%. Clarent SÀRL 0.00008%; Inversiones Mineras Becrux SpA 29.5%, and MC Resource Development Ltd. 20.44%. Subscribed and paid-up capital by Codelco Subscribed and paid-up capital US$ 17,795,000. US$ 248,147,000. Company purpose Company purpose Prospecting, exploration and production of mining properties containing Carry out exploration, extraction, mining, production, processing and gold, precious metals and other metals; and any marketing related to these marketing of minerals, concentrates, precipitates, copper bars and any metals. other metallic or non-metallic mineral substances, and in general, any fossil substance and gaseous or liquid hydrocarbon, in any naturally occurring Directors Substitute directors form, including exploration, mining and use of any natural energy source Roberto Alarcón Bittner, Chairman Sergio Orrego Flory susceptible for industrial use and products or by-products obtain therefrom Charles Bruce Main Andrés Guzmán Bosque and, in general, it also carries out any other related and complementary Gerardo Fernández Tobar Nibaldo Rojas Angel activities approved by its Shareholders. Enrique Tarifeño Urquieta (*) Óscar Castañeda Calderón (*) Diego Brieba Vial (*) María Esperanza Letelier Urcelay (*) Directors Substitute directors Duncan Wanblad, Chairman Alejandro Mena Frau General Manager Hennie Faul Richard Leclerc Felipe Núñez Cordero Juan Carlos Román Felipe Purcell Douds Shinsuke Takahashi Hideyuki Takemura Ownership interest and changes during the reporting period José Pesce Rosenthal (*) Alejandro Rivera Stambuk (*) Codelco directly holds a 43.28% ownership interest. During the reporting period increased the capital stock of the society of US$39,400 to General Manager US$41,117 fully subscribed and paid-up by the shareholders. Juan Carlos Román Contracts with Codelco Ownership interest and changes during the reporting period The company maintains contracts for the following services: fresh water, Codelco indirectly holds a 20% ownership interest. industrial water and electricity supply, and a lease contract. There were no changes during the reporting period. Contracts with Codelco Sales contracts for anodes, cathodes and concentrate through Inversiones Mineras Nueva Acrux SpA. (*)Directors or executives of Codelco. 118 CODELCO 2016 ANNUAL REPORT Companies subsidiaries and associates Contents / Organizational chart / Milestones Cobrex Prospecçao Mineral S.A. Codelco Do Brasil Mineraçao Ltda. As of December 31, 2016 As of December 31, 2016 Legal status Legal status Public Limited Company (Brazil). Limited Liability Company (Brazil). Trade Name: Cobrex Prospecçao Mineral S.A. Incorporation date: Brazil, January 14, 2013. Registration No. Trade Name: Codelco do Brasil Mineraçao Limitada. 33.3.0030616-1 Board of Trade R.J. Incorporation date: Brazil, September 14, 2001. Registration No. Partners: Codelco do Brasil Mineração Ltda. 51% and Xstrata 33.2.0708361-1. Board of Trade R.J. do Brasil Exploração Mineral Ltda. 49%. Partners: Codelco International Limited 90% and Codelco Subscribed and paid-up capital Technologies Limited 10%. US$ 1.020 Subscribed and paid-up capital Company purpose US$ 54,097,000 i) Ownership interest in any kind of mining company or joint venture, in Brazil and/or abroad, and manage own or third-party assets. Company purpose i) Ownership interest in any kind of mining company or joint venture, in Brazil ii) Carry out any activity related to mining, including, but not limited to and/or abroad, and manage own or third-party assets. research, exploration and mining economic resources and/or ore deposits in Brazil. ii) Carry out any activity related to mining, including, but not limited to research, exploration and mining economic resources and/or ore deposits in iii) Carry out, in general, any other civil or commercial activity directly or Brazil. indirectly related to research, exploration, economic extraction, production or marketing mineral products or by-products. iii) Carry out, in general, any other civil or commercial activity directly or Directors indirectly related to research, exploration, economic extraction, production or Marcos André Gonçalves, Chairman (*) marketing mineral products or by-products. Humberto Eustáquio (*) Directors Substitute directors General Manager Francisco Fernández Jimenez (*) Roberto Fréraut (*) Marcos André Gonçalves (*) Nicolai Bakovic Hudig (*) Diego Brieba Vial (*) Paula Aguirre Tapia (*) Víctor Janer Pérez (*) Ownership interest and changes during the reporting period Codelco indirectly holds a 51% ownership interest. General Manager There were no changes during the reporting period. Marcos André Gonçalves Contracts with Codelco No contracts or activities that significantly influenced Codelco’s operations or Ownership interest and changes during the reporting period. results. Codelco indirectly holds a 100% ownership interest. There were no changes during the reporting period. Contracts with Codelco No contracts or activities that significantly influenced Codelco’s operations or results. (*)Directors or executives of Codelco. 119 CODELCO 2016 ANNUAL REPORT Companies subsidiaries and associates Contents / Organizational chart / Milestones Compañía Contractual Exploraciones Mineras Andinas S.A. (EMSA) Minera Los Andes, CCMLA As of December 31, 2016 As of December 31, 2016 Legal status Legal status Public Limited Company. Contract Mining Company. RUT: 99.569.520-0 RUT: 78.860.780-6 Trade Name: Exploraciones Mineras Andinas S.A. Trade Name: Compañía Contractual Minera Los Andes (CCMLA). Incorporation date: July 29, 2004. Incorporation date: May 16, 1996. Registration No. 273. Partners: Codelco 99.9% and Sociedad de Inversiones Notary’s Office: M. Gloria Acharán Toledo. Listed on Copperfield SpA. 0.1%. page 117 in 1996, in the Property Registry and on page 9550, in the Shareholders’ Book of the Subscribed and paid-up capital Santiago Mining Registrar. US$ 236,000,000 Partners: Codelco 99.97% and Sociedad de Inversiones Copperfield SpA 0.03%. Company purpose Provide planning, management and implementation services for mining Subscribed and paid-up capital exploration and water exploration projects, that involve services in: drilling, US$ 17,655,000. chemical analysis, sampling, lab analysis, geological and geophysical mapping, physical property measurement, material characterization, support and other Company purpose services required to implement such projects; consulting services in geology, Geological and other types of exploration to discover and survey ore bodies in geophysics, geostatistics, geotechnical, geochemical, geometallurgy, hydrology; Chile or in another country. improvement and staff training in areas related to mining exploration; seminars, workshops, courses and publications. Directors Roberto Fréraut Contreras, Chairman (*) Directors Hernan Sepúlveda Astorga (*) Patricio Zúñiga Rojas (*) Jaime Rivera Machado (*) Francisco Fernández Jiménez (*) Vacante (*) General Manager Jorge Skarmeta Magri (*) General Manager Guillermo Müller Masser Ownership interest and changes during the reporting period Codelco directly and indirectly holds 100% ownership interest. Change Ownership interest and changes during the reporting period