Anglo American Sur
Copper mining company
From Wikipedia, the free encyclopedia
Anglo American Sur or AAS is a copper mining company based in Chile that is a joint venture of Anglo American (50.1%), Inversiones Mineras Becrux (29.5%) and Mitsubishi (20.4%).[2][3] Inversiones Mineras Becrux is an ad hoc joint venture of Codelco and Mitsui where Codelco owns 67.8% of it.[2]
Company type | Public – S.A. |
|---|---|
| Industry | Metals and mining |
| Headquarters | Santiago, Chile |
Area served | South America |
Production output |  220,600 metric tonnes copper (2024[1]) |
| Owner | Anglo American plc (50.1%) Inversiones Mineras Becrux (29.5%) Mitsubishi Corp (20.4%) |
| Parent | Anglo American plc |
Mines
The company operate the mines of Los Bronces and El Soldado, both near Santiago in Central Chile. Anglo American Sur also owns the copper smelter Fundición Chagres near El Soldado. The two mentioned mines and the smelter are all certified with The Copper Mark.[4]
History
In August 2012 the ownership structure of the company was reformed in a Codelco-Anglo American plc agreement that came after negotiations that followed the invocation of a disposition dating to the privatization of Los Bronces, then known as Disputada de Las Condes, in 1977.[3][2] In November 2012 Codelco lowered its participation in Inversiones Mineras Becrux from to 83% to 67.8% reflecting in a decrease of its indirect stakes in Anglo American Sur from 24.5% to 20%.[1] Prior to 2012 Anglo American plc owned 75.5% of Anglo American Sur and Mitsubishi Corp 24.5%.[3]
In February 2025 an agreement was signed between Codelco and Anglo American to integrate the operations of the neighbouring mines of Andina and Los Bronces.[5] As part of the agreement a joint mining plan is scheduled to run from 2030 to 2051.[5]