
The 7 copper projects expected to start operations in Chile this year
Seven major Chilean copper projects are expected to start operations this year, involving total investment of just over US$11bn and production of nearly 700,000t/y.
One initiative that was expected for this year but has been postponed is the Rajo Inca open pit at the Salvador division of state copper company Codelco in northern Atacama region. The objective is to continue operations after the underground mine was closed on Tuesday after 63 years.
However, the US$1.4bn investment to produce 70,000t/y copper in concentrate is 16 months behind schedule for reasons related to the pandemic and the crisis in the global supply chain.
As a result, the start of production was postponed to 1H24, Codelco’s chairman Máximo Pacheco told a forum organized Tuesday by the College of Engineers and the Voces Mineras trade association.
BNamericas reviews the seven projects that are due to start up this year.
Quebrada Blanca phase II - Teck Resources
Investment: US$7.75bn (upward revision from 3Q22).
Location: Tarapacá region
Production: 316,000-320,000t/y of copper in concentrate during the first five years. The expectation was raised after considering various operational improvements.
The Pelambres INCO (phase I) - Antofagasta Minerals
Investment: US$2.2bn
Location: Coquimbo region
Production: 66,000t/y copper in concentrate
Concentrate leaching - Ecometales (a Codelco subsidiary)
Investment: US$371min
Location: Antofagasta region (Codelco’s northern division)
Production: 60,000t/y fine copper
Collahuasi complementary installations - Doña Inés de Collahuasi
Investment: US$302mn
Location: Tarapacá region
Production: 30,000t/y copper in concentrate
Michilla development plan - Haldeman Mining Company
Investment: US$235mn
Location: Antofagasta region
Production: 25,000t/y copper cathodes
Operational continuity Zaldívar - Antofagasta Minerals
Investment: US$100mn
Location: Antofagasta region
Production: 126,000t/y copper cathodes
Situation: Last week the environmental evaluation service announced the suspension of the evaluation of the project so the company can carry out an indigenous consultation.
Operational continuity Carmen de Andacollo - Teck
Investment: US$100mn
Location: Coquimbo region
Production: 60,000t/y copper in concentrate and cathodes
The portfolio of mining projects in Chile for the period 2022-31 totals US$73.7bn in 53 initiatives, two more than in an investment report produced by copper commission Cochilco in 2021.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Mining & Metals (Chile)
Ministers reject Chile's controversial Dominga mining-port project
Mining associations and Andes Iron claim the rejection of the Dominga project was a result of political intervention.
Spotlight: Barrick's and Lundin's Chilean and Argentine assets
The Canada-based miners are aiming at higher output and more efficiency.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Chile)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: OPERATIONAL OPTIMIZATION UNDERGROUND GRAIN MINE
- Current stage:
- Updated:
1 year ago
- Project: Hydraulic Fracturing Of 10 Wells In The Dorado-Riquelme Sub-Block
- Current stage:
- Updated:
1 year ago
- Project: Modification reception and shipment of bulk minerals
- Current stage:
- Updated:
1 year ago
- Project: Northern District
- Current stage:
- Updated:
1 year ago
- Project: Hydraulic Fracturing Pad Cut Creek Zg-d
- Current stage:
- Updated:
1 year ago
- Project: Rinconada de Alcones
- Current stage:
- Updated:
6 months ago
- Project: El Llano Photovoltaic Park
- Current stage:
- Updated:
10 months ago
- Project: Operation Phase II Mina Doña Elba
- Current stage:
- Updated:
3 years ago
- Project: La Pepa Mining Exploration
- Current stage:
- Updated:
3 years ago
- Project: Paprika Tailings Deposit
- Current stage:
- Updated:
2 months ago
Other companies in: Mining & Metals (Chile)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Vecchiola S.A.  (Vecchiola)
-
Chile's Vecchiola S.A. provides engineering, construction, production, evaluation and equipment-leasing services to the mining, construction and energy industries. It is involve...
- Company: Sigdo Koppers S.A.  (Sigdo Koppers)
-
Sigdo Koppers is a Chilean business holding company with operations on five continents and activities in the service, industrial, and commercial and automotive sectors. The serv...
- Company: Sociedad Química y Minera de Chile S.A.  (SQM)
-
Sociedad Química y Minera de Chile S.A. (SQM) is a Santiago-based non-metallic miner engaged in the production and distribution of specialty fertilizers. The company operates in...
- Company: Consejo Minero de Chile A.G.  (Consejo Minero)
-
Chile's Consejo Mineral is a trade association bringing together domestic and foreign-owned private and public copper, gold and silver producers operating in Chile. A mining cou...
- Company: Estudios y Consultorías Focus
- Company: Asociación de Industriales de Antofagasta  (AIA)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Aconcagua S.A.
- Company: Doosan Bobcat Chile S.A.  (Doosan Bobcat Chile)
-
Doosan Bobcat Chile SA, is a supplier of machinery and equipment aimed at providing solutions to different sectors of the industry. Doosan Bobcat Chile SA is part of Doosan Infr...
- Company: Resiter S.A.  (Resiter)
-
Resiter is in the industrial waste management business and has operations in Chile, Peru y Uruguay. It will soon open offices in Colombia. The company offers a wide range of ser...