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Peru

Quellaveco Mine

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Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Copper
  • Molybdenum
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotQuellaveco is one of the largest greenfield copper mines developed in recent decades and is considered Peru’s most technologically advanced mine. It features a highly digitalized and automated operation, with real-time data integration and accessibility.

After five years of operating, planned plant maintenance will be carried out on the concentrator, including the mills and conveyors; this is expected to occur in 2027 modestly impacting production.

The stage one expansion was approved and will increase throughput and improve recoveries by late 2026.

The stage one expansion project represents the first stage to full optimisation of the plant with minimal capital investment, delivering robust returns.

Studies will continue to further debottleneck the plant, while conducting early studies to support Quellaveco’s long-term expansion prospects, underpinned by an exploration drilling campaign below and around the current pit shell, which to date has yielded promising results.

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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Heavy Mobile Equipment

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AV - Autonomous

Comminution

Crushers and Mills

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Processing

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Water usage

Parameter20252024202320222021
Fresh water 22.8 M m322.3 M m320 M m38.7 M m30.7 M m3

Commodity Production

Quellaveco copper mine reached commercial production levels in June 2023.
CommodityProductUnits2025202420232022
Copper Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Copper Payable metal t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Operational metrics

Metrics2025202420232022
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Production Costs

CommodityUnits2025202420232022
C1 cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.
** Net of By-Product.

Mine Financials

Units2025202420232022
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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Mar 13, 2026
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....................... Subscription required ....................... Subscription required Subscription required Mar 13, 2026
....................... Subscription required ....................... Subscription required Subscription required Mar 13, 2026

Workforce

EmployeesYear
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...... Subscription required 2023
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Aerial view:

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