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Miscalculation in Production Shakes the World's Copper Giant

Summary by UPI
Codelco, Chile's state-owned mining company and the world's largest copper producer, is facing mounting scrutiny after discovering an overestimation.

10 Articles

Lean Right

Former Minister of Mining Laurence Golborne analyzed, in conversation with Expreso Bío Bío, the irregularities reported in Codelco by engineer José Yuraszeck , who revealed in a letter -published by El Mercurio- that during four consecutive years the December production increased unusually, reaching even 60% above the monthly average in 2025-2025. These variations, which would have resulted in the payment of bonds for fulfillment of goals, repre…

·Chile
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Lean Right

On Tuesday, the National Prosecutor’s Office appointed the Regional Prosecutor of the O’Higgins Region, Achilles Cubillos, to direct the criminal investigation for “eventual irregularities in the management of Codelco on the overestimation of the production of metric tons of copper, reported during 2025.” The decision was adopted by the National Prosecutor, Ángel Valencia, “according to the powers established in article 19 of Law No. 19,640, Con…

·Las Condes, Chile
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Laurence Golborne demands an investigation into the anomalies in Codelco's production, which could have benefited certain workers with undue bonuses.

He was born in Santiago in a family of Lolol, where he was councillor for RN in 1996. He was at the beginning of the procedural reform in O’Higgins, where he remained for 15 years until in Piñera 2 he assumed as head of the Carabineros division of the Undersecretary of the Interior. In 2024 he was appointed chief prosecutor of the region where he led the inquiry into the tragedy in El Teniente since 2025. The new one. The regional prosecutor of …

The National Prosecutor’s Office reported on Tuesday, May 26, the appointment of the Regional Prosecutor of O’Higgins, Achilles Cubillos, to lead the criminal investigation into alleged irregularities in the management of the Corporación Nacional del Cobre (Codelco). The investigation focuses on the overestimation of the production of metric tons of copper reported during the year [...] O’Higgins’s tax entry will lead the criminal investigation …

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Ultimo Cable - Noticias del Mundo broke the news on Tuesday, May 26, 2026.
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