Chile is the world's largest producer of copper and has been so uninterruptedly since 1983. This activity provides a substantial part of the Chilean state's revenue: slightly less than 6% in 2020, with state-owned copper company Codelco alone generating 2.6% of state revenue.
Mining of copper in Chile is done chiefly on large and giant low-grade porphyry copper deposits which are primarily mined by the following companies; Codelco, BHP, Antofagasta Minerals, Anglo American and Glencore. Together these companies stood for 83.6% of the copper output in Chile in 2019 and many copper mining companies are joint ventures involving one at least one of these. Medium-scale mining in Chile, which focuses mainly on copper, produced about 4.5% of the copper mined in the country from 2017 to 2021. Copper is also the main product of small-scale mining in Chile, with about 95% of small-scale miners working in copper mining. One estimate puts the number of active copper mines in Chile in 2023 at 67. In the 2005–2024 period 81–89% of the annual copper production in Chile has been mined in open pits and the remainder in underground mines.
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