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Chile's Codelco shuffles leadership as new CEO tightens mining oversight
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Chile's Codelco shuffles leadership as new CEO tightens mining oversight
Aug 14, 2026 2:13 PM

SANTIAGO, Aug 14 (Reuters) - Chilean state miner Codelco

unveiled a sweeping management reshuffle on Friday,

installing a senior executive at its troubled El Teniente mine

and reorganizing oversight of its operations.

The moves underscored new CEO Jorge Gomez's push to tighten

control as delays, safety concerns and reporting scrutiny weigh

on the Codelco recovery.

Codelco confirmed a Reuters report earlier on Friday on the

shakeup, with Julio Diaz, currently head of mineral resources,

development and innovation, set to become general manager of El

Teniente. Mario Quiñones, who previously worked with Gomez at

copper miner Collahuasi, will replace Diaz.

Gomez, who took over in July, has vowed to overhaul operations

after scrutiny over irregularities in 2025 production figures

and as delays to key projects cloud Codelco's ability to lift

output in coming years.

OPERATIONS SPLIT

Codelco said it would split its operations leadership into two

positions from September 1, separating its northern mines from

its center-south operations.

Under the new structure, Codelco veteran Lindor Quiroga will

become head of northern operations, overseeing the Chuquicamata,

Ministro Hales, Radomiro Tomic and Gabriela Mistral mines.

Francisco Carvajal, a former executive at iron ore producer CMP,

will lead center-south operations, covering Salvador, Andina,

Ventanas and El Teniente.

In February, Codelco vowed a "radical" reorganization at El

Teniente after an internal audit found serious breaches of duty

tied to a 2023 accident and flaws in reporting to the mining

regulator. In May, the miner reported inconsistencies in its

2025 production report, with output improperly logged from its

Chuquicamata division and Ministro Hales mine.

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