Deals Counterparts

Microsoft and Codelco sign AI mining deal

Partnership Mining announced Santiago, Chile Mar 5, 2026
development
Stage

Microsoft and Codelco signed an 18-month memorandum of understanding to test artificial intelligence, advanced analytics, automation, and digital security in Codelco's mining operations.

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Deal Analysis

Microsoft and Codelco signed an 18-month memorandum of understanding to test artificial intelligence in Codelco's mining operations in Chile. The deal involves Codelco, the world's largest copper producer, and Microsoft, a global technology company. The partnership was announced on 2026-03-05, with the value not disclosed.
  • 18-month memorandum of understanding
  • Codelco, the world's largest copper producer
  • Microsoft, a global technology company
  • Announced on 2026-03-05

Source Intelligence

KEY DETAILS

The deal is an "18-month memorandum of understanding, a framework agreement". The new phase of collaboration "could include pilots, early tests of new tools and training programs for workers."

Location
SANTIAGO, March 5, 2026, 18:17 CLST Microsoft struck an 18-month memorandum of understanding, a framework agreement, with Chile’s Codelco on Thursday to test artificial intelligence, advanced analytics, automation and digital security in the miner’s operations.
Announcement
SANTIAGO, March 5, 2026, 18:17 CLST Microsoft struck an 18-month memorandum of understanding, a framework agreement, with Chile’s Codelco on Thursday
Signing
Microsoft struck an 18-month memorandum of understanding, a framework agreement, with Chile’s Codelco on Thursday
PARTIES MENTIONED IN SOURCE
M
Microsoft developer

"Microsoft struck an 18-month memorandum of understanding, a framework agreement, with Chile’s Codelco on Thursday to test artificial intelligence, advanced analytics, automation and digital security in the miner’s operations."

C
Codelco buyer

"Microsoft struck an 18-month memorandum of understanding, a framework agreement, with Chile’s Codelco on Thursday to test artificial intelligence, advanced analytics, automation and digital security in the miner’s operations."

medium quality Enriched Mar 7, 2026

Timeline

Announced
Mar 5, 2026
Signed
Mar 5, 2026
Closed

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