Who owns Antamina mine?

Who owns Antamina mine?

Peruvian base metals miner Compania Minera Antamina is jointly owned by Teck, BHP, Glencore and Mitsubishi Corporation. BHP and Glencore each own a 33.75% stake in Antamina. Teck Resources holds a 22.5% stake in the mine, while the remaining 10% is owned by Mitsubishi Corporation.

Who owns Antamina Peru?

Antamina, Peru’s largest copper, zinc and silver mine, is marking 20 years of operations. The company, controlled by BHP (33.75%), Glencore (33.75%), Teck (22.75%) and Mitsubishi 10%), began commercial operations on October 1, 2001 following investment of US$2.52bn, the largest made in Peru at that time.

Who operates Antamina?

Compañía Minera Antamina S.A.
Antamina is a large, low-cost copper and zinc mine. It is operated independently by Compañía Minera Antamina S.A. Antamina produces copper and zinc, and by-product credits of molybdenum and silver. Copper and zinc concentrates are transported 300 kilometres by pipeline to the port of Huarney.

How is ore mined in the Antamina mine?

Mining is done by conventional truck-and-shovel open-pit methods, with the ore being processed by grinding and flotation. Crushed ore is conveyed through a 2.7km-long tunnel to the concentrator stockpiles.

How much copper is produced in Peru?

2.5 million tonnes
“Peru produces 2.5 million tonnes of copper annually, so every cent the copper price goes up represents an additional US$50 million in revenue.

Who is the biggest copper producer in the world?

As Chile is the world’s largest producer of copper, it is not surprising that three of the world’s ten largest copper mines based on capacity are located there. At the top of the list is the Escondida mine, located in the Atacama Desert in Chile’s Antofagasta Region.

Where is the largest deposit of copper in the world?

Northern Chile
Escondida copper mine in the Atacama Desert in Northern Chile is the world’s largest copper mine by reserve. The mine contained more than 32 million tonnes (Mt) of recoverable copper reserves at the end of 2012.

What rock is copper found in?

Copper minerals and ores are found in both igneous and sedimentary rocks.

How long is copper left?

Current copper resources are estimated to exceed 5,000 million tonnes (USGS, 2014 & 2017). According to USGS data, since 1950 there has always been, on average, 40 years of copper reserves and over 200 years of resources left.

Is it good to invest in copper?

Not only is copper a low-risk investment, but it also yields excellent value to an investor. Historically, scholars estimate that man first discovered copper around 9000 BCE and it was unearthed around the Bronze Age. It became a significant part of society and power in 3000 BCE.

How much copper does Antamina mine produce?

Antamina mine production Antamina is noted for the high variability in the contents of individual metals in its ores. Thus in 2004, the mine came into an area of higher copper and molybdenum grades, with less zinc than in 2003. Metal production during 2004 was 362,100t of copper, 190,100t of zinc and 3,600t of molybdenum.

What kind of equipment is used in the Antamina mine?

The Antamina concentrator contains the world’s largest single-circuit milling plant. One of the mine’s Bucyrus 495B shovels loading a Caterpillar 793 hauler in the open pit. Contractor Spie Capag used a Tesmec trencher for cutting the trench for the concentrate pipeline alongside an existing highway.

What are the proven and proven reserves at Antamina?

As of January 2010, proven reserves at Antamina stand at 100Mt graded at 1.14% copper, 0.17% zinc, 8.7g/t silver and 0.036% molybdenum. Proven reserves of copper-zinc ore are 42Mt graded at 0.99% Cu, 2.30% Zn, 19.5g/t Ag and 0.009% Mo. Probable Reserves of copper ore are 454mt at 1.05% copper, 0.17% zinc, 9.7g/t silver and 0.031% Molybdenum.

Is molybdenum found at Antamina?

Molybdenum is present in the intrusive core, with silver found in any of the skarn lithologies. As of January 2010, proven reserves at Antamina stand at 100Mt graded at 1.14% copper, 0.17% zinc, 8.7g/t silver and 0.036% molybdenum.