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Peru

Quellaveco Mine

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Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Copper
  • Molybdenum
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotQuellaveco is one of the largest mines to be developed across the mining industry in many years.

Quellaveco is fully digitalised and is either automated, or automation-ready, with all data integrated and accessible in real time.

In the fourth quarter 2023 the Quellaveco copper operation was ramp up to full capacity.

Quellaveco has a new plant that has been producing molybdenum since April 2023 and commercial production was achieved in November 2023.

Owners

SourceSource
CompanyInterestOwnership
Mitsubishi Materials Corp. 40 % Indirect
Anglo American plc. 60 % Indirect
Quellaveco is a joint venture between Anglo American (60%) and Mitsubishi (40%).

Contractors

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Deposit type

  • Porphyry

Summary:

The Quellaveco deposit is porphyry copper-molybdenum orebody with an elongated mineralised zone. Primary sulphide mineralisation dominates the deposit and is successively overlain by a secondary supergene copper mineralisation blanket. This is followed by low grade copper-bearing oxides that are capped by barren ignimbrites. At least five stages of intrusion are recognised; the oldest intrusives correspond to regional granodiorite surrounding the main orebody. Three syn-mineralisation intrusions of monzonitic to dacitic composition host most of the mineralisation. All of these are cut by a suite of late post-mineral intrusives.

The Quellaveco deposit, located near the northern end of the Paleocene to early Eocene porphyry copper belt of the central Andes (Sillitoe, 1988; Clark et al., 1990), is centered on a multiphase quartz monzonite porphyry stock emplaced into an equigranular granodiorite pluton, which itself cuts rhyolitic volcanic rocks assigned to the Late Cretaceous to early Paleocene Toquepala Group (Estrada, 1975; Guerrero and Candiotti, 1979; Candiotti, 1995). The pluton, which crops out over >3 km2 in the vicinity of the Quellaveco stock, as well as extending northward beneath postmineral ignimbrite and gravel cover, is part of the granodioritic to monzogranitic Yarabamba superunit of the Coastal batholith (Pitcher, 1985). Phenocrysts in the porphyries are made up of abundant plagioclase, quartz, and biotite, plus scattered K-feldspar and hornblende, all surrounded by aplitic groundmass.

Potassic (biotite-K-feldspar) and sericitic (quartz-sericite) alteration, the former generally overprinted and partly obliterated by the latter, developed extensively throughout much of the quartz monzonite porphyry stock and immediately surrounding granodiorite, and both contain veinlet and disseminated chalcopyrite. The potassic alteration is transitional outward in the precursor granodiorite to a pyrite-bearing propylitic assemblage, which defines the periphery of the system (Estrada, 1975; Candiotti, 1995; Kihien, 1995). Fluid inclusion studies showed that the main potassic and sericitic alteration and associated copper mineralization took place at temperatures of 590° to 340°C (Kihien, 1995).

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

First production of copper concentrate was announced on 12 July 2022. Quellaveco copper mine reached commercial production levels in June 2023.
CommodityProductUnits202420232022
Copper Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe
Copper Payable metal t  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Operational metrics

Metrics20232022
Daily processing capacity  ....  Subscribe
Ore tonnes mined  ....  Subscribe  ....  Subscribe
Tonnes processed  ....  Subscribe  ....  Subscribe

Production Costs

CommodityUnits202420232022
C1 cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Financials

Units20232022
Capital expenditures M USD  ....  Subscribe  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe
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Heavy Mobile Equipment

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AV - Autonomous

Personnel

Mine Management

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EmployeesYear
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Aerial view:

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