Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Processing |
- Bacterial leaching
- Flotation
- Heap leach
- Solvent Extraction & Electrowinning
|
Mine Life | 58 years (as of Jan 1, 2018) |
Escondida is the world’s largest copper-producing mine. |
Source:
p. 244
Company | Interest | Ownership | Investor's Info |
Jeco 2 Ltd.
|
2.5 %
|
Indirect
|
|
JECO Corp.
|
10 %
|
Indirect
|
|
Rio Tinto plc
|
30 %
|
Indirect
|
|
BHP Group Ltd.
|
57.5 %
|
Indirect
|
|
Minera Escondida Ltda.
(operator)
|
100 %
|
Direct
|
|
Minera Escondida is owned by BHP Billiton (57.5%), Rio Tinto (30%), JECO Corporation (10%), and JECO2 LTD (2.5%).
Summary:
The Escondida porphyry copper deposit, located in northern Chile, was one of the two largest copper producers of the world in the 1990s. The hydrothermal evolution of this deposit is associated with the emplacement of a late Eocene- Oligocene quartz monzonitic to granodioritic intrusive stock complex composed of at least three intrusive phases and hosted by Paleocene andesite. This Paleocene andesite is underlain by Mesozoic and Paleozoic sedimentary and volcanic rocks, which are characteristic of the basement of the Precordillera de Domeyko province in northern Chile.
The complete evolution of the porphyry system is characterized by overprinting of pervasive and vein-associated alteration-mineralization styles grouped in three main hydrothermal stages. The early stage includes a zone of pervasive biotitization of andesite and development of a silicification shell around the intrusive complex, propylitic alteration around the biotitic zone, and a vein-associated orthoclase-quartz ± anhydrite biotite alteration that mark the end of stage one. This early alteration contains magnetite, chalcopyrite, and bornite, with less than 0.5 vol percent of sulfides and a hypogene copper grade of £0.2 wt percent.
The second hydrothermal stage is represented by vein and vein selvage-associated chlorite sericite ± quartz and by quartz-sericite with sulfides including chalcopyrite, pyrite, and molybdenite. In the chlorite-sericite and quartz-sericite zones the content of sulfides ranges from less than 0.5 to 2 vol percent with a chalcopyrite to pyrite ratio of 3 to 1 and copper grades that range between 0.4 and 0.6 wt percent. The intrusion of a rhyolite dikeand a dome are at least 3 m.y. younger than the first and second hydrothermal stages and separate them in time from the late hydrothermal stage.
The late hydrothermal stage is represented by an acid-sulfate mineral association that includes pyrophyllite, alunite, and quartz as alteration minerals and a variety of sulfides that include bornite, chalcopyrite, pyrite, chalcocite, covellite, enargite, sphalerite, tennantite, and galena. This acid-sulfate event occurred mainly in west-northwest striking veins and also along the contact of the rhyolite and its host rock. Where sulfides from this event overprint previous sulfides, the primary copper grades range from 0.6 to higher than 1.0 wt percent. In the Escondida deposit, the highest hypogene and supergene copper grades occur in areas where all three hydrothermal stages are present.
Processing
- Bacterial leaching
- Flotation
- Heap leach
- Solvent Extraction & Electrowinning
Source:
Summary:
* Oxide and sulphide leaching streams with
~330 ktpa effective cathode capacity
* ~3.5 Mtpa of concentrate shipments
* Delivery of OGP1 and OLAP2 supporting our concentrate and leaching strategy.
3 concentrator plants extract copper concentrate from sulphide ore by flotation extraction process.
2 solvent extraction plants produce copper cathode.
Nominal capacity: 153.7 Mtpa (nominal milling capacity) and 350 ktpa copper cathode (nominal capacity of tank house). Two 168 km concentrate pipelines 167 km water pipeline Port facilities at Coloso, Antofagasta.
Reserves at June 30, 2020:
Category | OreType | Tonnage | Commodity | Grade |
Proven
|
Heap leach
|
1,330 Mt
|
Copper
|
0.42 %
|
Proven
|
Mill / Sulphide
|
3,420 Mt
|
Copper
|
0.7 %
|
Proven
|
Oxide
|
77 Mt
|
Copper
|
0.64 %
|
Probable
|
Heap leach
|
326 Mt
|
Copper
|
0.41 %
|
Probable
|
Mill / Sulphide
|
1,790 Mt
|
Copper
|
0.57 %
|
Probable
|
Oxide
|
129 Mt
|
Copper
|
0.55 %
|
Measured
|
Mill / Sulphide
|
5,280 Mt
|
Copper
|
0.61 %
|
Measured
|
Oxide
|
113 Mt
|
Copper
|
0.65 %
|
Measured
|
Mixed
|
98 Mt
|
Copper
|
0.58 %
|
Indicated
|
Mill / Sulphide
|
3,510 Mt
|
Copper
|
0.5 %
|
Indicated
|
Oxide
|
42 Mt
|
Copper
|
0.58 %
|
Indicated
|
Mixed
|
63 Mt
|
Copper
|
0.47 %
|
Financials:
| Units | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
Capital expenditures
|
M USD
| ......  | ......  | ......  | ......  | ......  |
3,273
|
3,186
|
2,859
|
Revenue
|
M USD
| ......  | ......  | ......  | ......  | ......  |
8,092
|
8,706
|
8,826
|
After-tax Income
|
M USD
| ......  | ......  | ......  | ......  | ......  |
2,194
|
3,007
|
3,309
|
EBITDA
|
M USD
| ......  | ......  | ......  | ......  | ......  |
4,064
|
|
|
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Heavy Mobile Equipment as of December 31, 2015:
HME Type | Quantity |
Shovel (rope)
|
20
|
Truck (haul)
|
172
|
Corporate Filings & Presentations:
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Aerial view:
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