Peru

Chungar Mining Unit

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Categories

Overview

Mine TypeUnderground
Commodities
  • Zinc
  • Lead
  • Copper
  • Silver
  • Gold
Mining Method
  • Sub-level stoping
  • Cut & Fill
  • Unconsolidated hydraulic fill
Production Start... Lock
Mine Life2027
ShapshotThe Chungar unit operates two underground mines, Animón and Islay, and the Esperanza deposit. In the Chungar unit, the Jacob Timmers shaft is in operation.

Islay mine is currently in care and maintenance, with the mine having stopped on 20 July 2023 and starting a final closure process.

The ore produced by these two mines is treated at the Animón plant.
Related AssetsAnimon Mine, Islay Mine

Owners

SourceSource
CompanyInterestOwnership
Glencore plc. 23.3 % Indirect
Compañía Minera Chungar S.A.C. (operator) 100 % Direct
Volcan Compañía Minera S.A.A. is a subsidiary of Glencore AG, which is a subsidiary of Glencore Plc., owner of 63% of common class A voting shares and an economic interest of 23%, excluding treasury shares.

Compañía Minera Chungar S.A.C. is a wholly-owned subsidiary Volcan Compañía Minera S.A.A., and has two mining units, Animon and Alpamarca.

In Q4 2022, Glencore commenced a process to dispose of its 23.3% economic interest in Volcan, which is ongoing. As a result, the carrying amounts of Volcan assets and liabilities as at 31 December 2023 and 31 December 2022 are classified as held for sale.

Deposit type

  • Breccia pipe / Stockwork
  • Hydrothermal
  • Vein / narrow vein

Summary:

Chungar encompasses the Islay and Animon mines and the Esperanza deposit. Animon’s hydrothermal polymetallic mineralisation is hosted in structurally controlled veins, rich in zinc, lead and some silver. Islay’s mineralisation is silver-rich with subordinated lead and zinc and hosted in breccia-type fissure fill. Esperanza’s cordilleran polymetallic mineralisation is located approximately 600 m below current mining operations and consists of Zn and Cu-rich replacement mantles, hosted in Cretaceous limestones.

The mineralization in Islay comprises a breccia-type fissure fill, mainly with silver mineralization, with subordinated lead and zinc, Animon is a hydrothermal polymetallic deposit consisting of mineralized structures probably related to Miocene aged monzonite dykes principally within, but not confined to the Huaron anticline.

Animon Mine is hydrothermal polymetallic deposit (hosting silver, lead, zinc, and copper) consisting of mineralized structures probably related to Miocene aged monzonite dykes principally within. Mineralization is encountered in veins parallel to the main fault systems, in replacement bodies associated with the calcareous sections of the conglomerates and other favourable stratigraphic horizons, and as dissemination in the monzonitic intrusions at vein intersections.  

Mineralization occurs mainly in veins but also in “mantos” (stratiform deposits) and replacement deposits. Mineralized veins vary from a few centimetres to up to 10 metres wide, and may extend along strike for up to 1,800 metres. Most of the structures show open mineralization at depth and have excellent exploration potential.
  
The first pulse of mineralization was associated with the emplacement of intrusive bodies and the subsequent opening of structures, during which zinc, iron, tin, and tungsten minerals were deposited. This was followed by a copper, lead, and silver rich stage, and finally by an antimony/silver phase associated with quartz.

The average width of the Islay vein is around 4.00 metres, it outcrops at surface and was exploited in small open pits. At the moment, it is being prepared for its next stage as an underground operation. Diamond-drilling has determined an average resource grade of 0.1%Cu, 1.0%Pb, 1.4%Zn and 8.7oz Ag/mt.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnits2023202220212020201920182017
Zinc Metal in concentrate kt 00000000007588
Zinc Concentrate kt 00000000000133160
Lead Metal in concentrate kt 00000000001822
Copper Metal in concentrate kt 00000000001.31.9
Silver Metal in concentrate M oz 00000000003.93.6
Gold Metal in concentrate koz 00000000
Lead Concentrate kt
Copper Concentrate kt

Operational metrics

Metrics202320222021202020192018
Annual processing capacity 00000000
Ore tonnes mined 000000000000000000001,666 kt
Waste 0000000000000000000000000000
Tonnes processed 000000000000000000001,690 kt
Daily processing capacity 00000000

Production Costs

Commodity production costs have not been reported.

Operating Costs

Currency20232022202120202019201820172016
UG mining costs ($/t milled) USD 62.6  52.8  51.8  38.8  33.3  34.7  33.5  31.7  
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
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Financials

Units2023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 55.1   53.7  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Source Source
Job TitleNameProfileRef. Date
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ContractorsYear
Subscription required 2023

Aerial view:

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