Peru

Islay Mine

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Categories

Overview

Mine TypeUnderground
Commodities
  • Zinc
  • Lead
  • Copper
  • Silver
Mining Method
  • Room-and-pillar
  • Sub-level stoping
ShapshotThe Islay underground mine is part of the Chungar Mining Unit.

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

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

Summary:

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.

Islay is located 5 km to the West of Animón. It correlates as a western extension of the Animón veins, with the same geologic characteristics. 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

Milling equipment has not been reported.

Processing

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Production

Combined production numbers are reported under Chungar Mining Unit Operation

Operational metrics

Metrics202320222021202020192018
Daily mining capacity 0000000000000001,500 t of ore
Ore tonnes mined 000000000000000302 kt
Tonnes processed 000000000000000303 kt

Production Costs

Commodity production costs have not been reported.

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Source Source
Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 8, 2024
....................... Subscription required ....................... Subscription required Subscription required May 8, 2024

Aerial view:

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