https://www.engineeringnews.co.za
Copper|PROJECT|Service|Surface|Underground|Environmental
Copper|PROJECT|Service|Surface|Underground|Environmental
copper|project|service|surface|underground|environmental

Codelco to invest $720m in Chuquicamata copper mine

21st November 2023

By: Reuters

  

Font size: - +

Chile's State-owned Codelco, the world's leading copper miner, is planning to invest an extra $720-million in the revamp of one of its copper mines.

The company has proposed a series of modifications to the original Chuquicamata underground project, aiming to reach the authorized production rate of 140 000 metric tons per day.

The proposal is detailed in a document posted on the Environmental Assessment Service (SEA), and the revisions are currently pending environmental approval.

The proposed operational changes, both underground and at the surface level, "will not alter the extraction and processing speeds originally authorized for the Project", Codelco added in the impact statement submitted to the authorities.

The firm's new CEO, Ruben Alvarado, is spearheading efforts to ramp up production levels. Codelco is set to end the year with around 1.315 million metric tons, which is at the lower end of the estimated range. However, Alvarado expects production to increase in 2024 to around 1.34 million metric tons.

Edited by Reuters

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Lion Alcoblow ® - High speed breathalyser

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.227 0.278s - 160pq - 2rq
Subscribe Now