Codelco Secures Financing from HSBC, Santander to Decarbonize

January 5, 2026--Written by Amir Richani for IIR News (Sugar Land, Texas)--Codelco, Chile's state-owned mining company, received US$600 million in financing from the Hong Kong and Shanghai Banking Corporation Limited (HSBC) and Banco Santander to decarbonize its electricity matrix. The agreement is backed by the World Bank's Multilateral Investment Guarantee Agency.The mining company aims to source 100% of its electricity from renewable energy by 2030. The plan began in 2018 with contract renego