Mining Frontier
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022
No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022
No Result
View All Result
Mining Frontier
No Result
View All Result
Home Sectors COPPER

Codelco breaks ground at $1.4bn Salvador copper mine expansion

September 3, 2021
in COPPER, Press Releases
Codelco breaks ground at $1.4bn Salvador copper mine expansion

Chile’s state miner Codelco, the world’s no.1 copper producer, has broken ground at the $1.4 billion expansion of the Salvador copper mine, which will extend the productive life of the aging operation by 47 years and increase output by almost 50%.

“Until now this division depended on three underground mines. The new Salvador will obtain all the contribution of the mineral from a single open pit, with copper grades 40% higher than the current ones, which will influence the increase in production and productivity,” Juan Benavides, president of Codelco’s board of directors, said in the statement.

The mine was expected to run out of ore this year, but the expansion — approved in January — gives Codelco access to another 796 million tonnes of mineral, with an estimated 0.59% copper grade on average.

The Salvador Division currently has the lowest productivity of any of the Chilean miner’s deposits, generating just 50,600 tonnes, just under 3% of Codelco’s total output, last year.

With surface exploitation, the mine will yield 90,000 tonnes per year. Full production at the new section is slated to begin in the first half of 2023.

Rajo Inca is one of six major projects the Chilean miner is advancing as part of its 10-year, $40 billion initiative to upgrade its sprawling but depleting mines.

A new underground operation at the company’s Chuquicamata division entered production in 2019, while a new mine level at the underground El Teniente mine will follow in 2023.

Codelco, which hands over all its profits to the state, holds vast copper deposits, accounting for 10% of the world’s known proven and probable reserves and about 11% of the global annual copper output, with 1.8 million tonnes of production in 2020.

Previous Post

ABB Signs Memorandum with Staubli to Develop Solutions for the Transition to All-electric Mines

Next Post

Jubilee and Mopani Copper Mines enter MoU for refining facility

Related Posts

LG Energy Solution inks deal with Australian mining company for nickel and cobalt
Press Releases

Orica launches lower environmental impact Fortis Protect range of bulk explosives

May 10, 2022
Rio Tinto’s Resolution Copper project
Press Releases

thyssenkrupp to build first in the world Rail Running Conveyor systems for Tier 1 copper miner

May 10, 2022
Bryah mining
Press Releases

Elastomers Australia develops fire retardant screen media panels for Rio Tinto Iron Ore

May 9, 2022
Sedgman wins contract for QCoal's $1.76bn Byerwen mine in Australia
Press Releases

Bowen Coking Coal brings BUMA Australia on-board for Broadmeadow East project

May 9, 2022
GE Digital Evolution Mining
Press Releases

Exyn Technologies partners with Maestro Digital Mine

March 4, 2022
Barrick Gold Corporation
COAL

Zyfra Group to help coal mining giant SUEK implement automated production management system

February 3, 2022
Next Post
Jubilee and Mopani Copper Mines enter MoU for refining facility

Jubilee and Mopani Copper Mines enter MoU for refining facility

No Result
View All Result

Recent Posts

  • FIRST MODE POWERS WORLD LARGEST ZERO-EMISSION VEHICLE FOR MINING GIANT ANGLO AMERICAN
  • Vale and Nippon Steel to evaluate carbon-neutral ironmaking solutions
  • Orica launches lower environmental impact Fortis Protect range of bulk explosives
  • FLSmidth to supply Sabina Gold & Silver with full flowsheet offering at Goose gold mine
  • thyssenkrupp to build first in the world Rail Running Conveyor systems for Tier 1 copper miner
Mining Frontier

System

  • Search
  • Sitemap
  • Feed

Resources

  • Contact US
  • Download Mediapack
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
  • Projects
  • Events & Conferences
  • Contact US
  • More

© 2019 Copyright Valuemediaservices All rights reserved.

No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022

© 2019 Copyright Valuemediaservices All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In