Codelco and Hexagon have entered into a Memorandum of Understanding (MoU) to work together on the development and implementation of advanced technological solutions in mining operations. The agreement, signed in Santiago on December 17, 2025, outlines plans for both companies to collaborate on pilot programs and testing new or under-development products tailored to Codelco’s operational needs.
The partnership aims to improve operational safety, increase automation and digitization in production processes, and promote environmental monitoring tools that support sustainable management. Areas of focus include fatigue and distraction alert systems, collision prevention technologies, real-time environmental monitoring sensors, artificial intelligence applications for safety and processes, autonomous fleet management solutions for trucks, assisted drilling tools, and geospatial analysis capabilities for environmental impact assessments.
“This alliance is part of our drive towards digitalization, with the goal of moving towards safer, more efficient, and more sustainable mining, while also strengthening our ties with world-class technology players. We are paving the way for the mining of the future through collaboration, to fulfill our purpose of being a pillar of sustainable development in Chile and the world,” stated Felipe Lagno, Corporate Manager of Innovation and Technology at Codelco.
“We are proud to join Codelco in an alliance that places safety, operational excellence, and environmental responsibility at the forefront,” said Dave Goddard, President of Hexagon’s Mining division. “This MoU formalizes our relationship and establishes the foundation for working together, testing and optimizing technologies under real-world conditions to ensure they deliver tangible value to miners and communities. Together, we can demonstrate how collaboration and digital innovation can drive positive transformation in the mining industry.”
The MoU will be effective for an initial period of five years. It includes principles such as confidentiality agreements between both parties regarding technical information as well as guidelines for responsible project development.
Codelco is recognized as the largest copper producer globally. Since its nationalization in 1971 it has contributed $158 billion USD (adjusted to 2024 values) to Chile’s state revenues. The company operates seven main mining divisions across Chile along with international commercial offices.
Hexagon specializes in measurement technologies used across industries including manufacturing, construction, mining, and autonomous systems. The company employs about 24,800 people across 50 countries with net sales reaching approximately €5.4 billion.
