Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. October 2014 China Mining New Markets Office - China Cristhian Allende - Director

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Disclaimer This presentation has been prepared by Corporación Nacional del Cobre de Chile (“Codelco” or the “Company”) This presentation does not constitute or form part of an offer or any solicitation to any other person or to the general public to subscribe for or otherwise acquire securities issued by Codelco in any jurisdiction or an inducement to enter into investment activity, nor shall it (or any part of it) or the fact of its distribution or availability, form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment or investment decision. The information contained in this independently presentation has not been verified and is subject to change without notice. No representation or warranty express or implied is made as to and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Company, any of its respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. This presentation is only for persons having professional experience in matters relating to investments and must not be acted or relied on by people who are not relevant persons. This presentation includes ‘forward-looking statements’. These statements may include words such as “anticipated”, “believe”, “intend”, “estimate”, “expect”, “preliminary” and words of similar meaning. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company’s products and services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this presentation. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. As is standard in the industry, CODELCO divides its mineral holdings into two categories, reserves and resources. Resources are ore bodies of economic value that have been identified and evaluated through exploration, reconnaissance and sampling. Reserves are the portion of the resource that can be extracted based on an economic, environmental and technological analysis set forth in the mining plan. Reserves and resources are both subdivided further, based on the degree of knowledge that CODELCO has of their extent and composition. The system used by CODELCO for categorizing mineral ore is widely used within the mining industry (and codified in such international regulations as the Joint One Reserves Committee (JORC) code of Australia, the South African Mineral Resources Committee (SAMREC), and the Reporting Code of Great Britain). Other systems of categorization are also used; one such system is that used by the U.S. Geological Survey. This presentation may not be taken away with you. The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose.

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Codelco at a glance Underground & Open Pit Cu Concentrate tonnes Employees DAN DET DSA FV DCH DMH DRT DGM Underground Cu Anodes tonnes Employees Underground & Open Pit Cu Cathodes tonnes Employees Smelter - Refinery Cu Cathodes Employees 988 Open Pit Cu Cathodes & Concentrate tonnes Employees Open Pit Operative tonnes (plan) Employees 498 Open Pit Cu Cathodes tonnes Employees Open Pit Cu Cathodes tonnes Employees 525

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Codelco at a glance US$ Million’000 tonnes c/lb Copper Price *: Includes 49% stake in El Abra and 20% in Anglo American Sur Production* Cash Cost (C1) Accident Frequency Rate* Profit Before Taxes *: Includes employees and contractors. Lost-time accidents/million hours worked.

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Codelco – Supply Chain Organization Fernando Marchant CPO J. Valdivia Third Party Services Optimization C. Gonzalez Logistic and Ops C. Allende Emerging Markets J. Bustos Supplies & Services A. Pérez Mining Equipment V. Toro Management and Electronic Commerce

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Codelco – Supply Chain Organization Fernando Marchant CPO J. Valdivia Third Party Services Optimization C. Gonzalez Ops C. Allende Emerging Markets J. Bustos Supplies & Services A. Pérez Mining Equipment V. Toro Management and Electronic Commerce Manuel Ortiz P. Dir. Ab. Div. Chuquicamata Manuel Ortiz P. Dir. Ab. Div. Chuquicamata Luis Muñoz Dir. Ab. Div. Ministro Hales Luis Muñoz Dir. Ab. Div. Ministro Hales Carlos Wilson M. Dir. Ab. Div. Radomiro Tomic Carlos Wilson M. Dir. Ab. Div. Radomiro Tomic Sergio Sierra Dir. Ab. Div. Gabriela Mistral Sergio Sierra Dir. Ab. Div. Gabriela Mistral Cristian Donoso Dir. Ab. Div. (I) Salvador Cristian Donoso Dir. Ab. Div. (I) Salvador Arturo Villarroel V Dir. Ab. Div. Ventanas Arturo Villarroel V Dir. Ab. Div. Ventanas Rene Acevedo G. Dir. Ab. Div. Andina Rene Acevedo G. Dir. Ab. Div. Andina Jorge Sales D. Dir. Ab. Div. Teniente Jorge Sales D. Dir. Ab. Div. Teniente DIVISIONSDIVISIONS

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. New Markets Team

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Engagement Model - Operations and Minor Projects Emerging Markets have gather spend data from HQ and Assets New Market teams will engage directly with end-users for a better understanding requirements Category Managers will be informed by not play a toll-gate role New Markets must show suppliers outside incumbent database An supplier assessment process will be performed by China team Advise about timing and language is a key role Permanent contact with supplier will be key for having proposal submitted on time and meeting quality information requirements Operations and Minor projects must advise to New Markets team about commercial support Ne Markets team must plan support for first time suppliers Production inspection must be specified, if required. Key Activities Opportunity IdentificationSupplier Selection RFx, Analysis and Negotiation Contract Execution Gather and Review Category Spend Double checking category requirements Opportunity? Get final sourcing project schedule Are potential suppliers in database? Supplier support required? Identify and qualify new suppliers Submit capable suppliers Receive Vendors’ Proposals and submit to Chile Proposal Analysis required? PO / Contract Award Yes No Close No Yes No Yes Production/Inspection/ Shipment Yes Proposals Analysis and submit to Chile Create new opportunities

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Operations and Minor Projects – China & Chile teams

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Categories for Sourcing 2014 During January and February 2014 our team has requested and done the analysis spend of the information submitted by the assets and the results are: Categories PumpsSteel/Plastic Tubes and pipesElectrical cables Electrical roomSwitchgearPower Transformers Bridge cranesFiltersValves Fan & BlowersGas Insulated SubstationsSteel tanks Steel structures Variable Frequency DriversCompressors GeneratorsVentilation systemsHoists Dust Collector SystemFlow control instruments Gear MotorAir Conditioned SystemsAir Compressors Electric Substations Supply & Services Drilling toolsIdlers & PulleysConveyor Belts Grinding BarsPumps spare partsSX-EW Chemicals products Mobile Equipment Dump Truck, LHD, Underground mine truck, rock breakers, shovels, etc.

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Working Process: Step 1_ Supplier Technical Assessment Supplier searching in different sources: internet, industrial association reports, exhibitions/fairs, commerce chamber, etc. Factory visit for our own team (when it’s possible) Factory Assessments by Third-party companies: BV, Jacobs, TUV, Hatch, Worley Parsons.

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Working Process: Step 2_ Supplier Financial Report Supplier searching in different sources: internet, industrial association reports, exhibitions/fairs, commerce chamber, etc. Factory visit for our own team (when it’s possible) Factory Assessments by Third-party companies Financial report by Huaxia – Dun & Bradstreet

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Supplier Database CategoryAssessed Numbers Ball Mills4 Bridge Crane16 Bushing1 Cable11 Casting Element1 Ceramic Filter/Plate? Circuit Breaker1 Cobalt Sulfate3 Conveyor Belt23 Conveyor Systems? Crusher6 Drilling Tools8 Electric Room5 Fans6 Flotation Cell4 GET10 Grinding Ball18 CategoryAssessed Numbers HDPE Pipe12 Hoisting Element2 LED Light10 Modular House16 Motor5 Pumps13 Screen17 Slag Pot10 Steel Angle3 Steel Pipe20 Steel Structure14 Switch Gear11 Thickener10 Transformer9 Tyres8 Valves12 VFD4 Wheel Rim5

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Supplier Database CategoryAssessed Numbers Ball Mills4 Bridge Crane16 Bushing1 Cable11 Casting Element1 Ceramic Filter/Plate? Circuit Breaker1 Cobalt Sulfate3 Conveyor Belt23 Conveyor Systems? Crusher6 Drilling Tools8 Electric Room5 Fans6 Flotation Cell4 GET10 Grinding Ball18 CategoryAssessed Numbers HDPE Pipe12 Hoisting Element2 LED Light10 Modular House16 Motor5 Pumps13 Screen17 Slag Pot10 Steel Angle3 Steel Pipe20 Steel Structure14 Switch Gear11 Thickener10 Transformer9 Tyres8 Valves12 VFD4 Wheel Rim5

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Codelco: consumption of goods and services* US$ million, currency of the year *: Services includes electric power. Goods considers materials, equipment and fuel.

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. Exceed 2.5 million tonnes of annual copper production by 2025

Copyrights © 2014 CODELCO-CHILE. Todos los Derechos Reservados. | Copyrights © 2014 by CODELCO-CHILE. All Rights Reserved. ¡Gracias! 谢 谢！ Thank you!