Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Processing |
- Bacterial leaching
- Acid leach
- Flotation
- Heap leach
- Solvent Extraction & Electrowinning
|
Mine Life | 58 years (as of Jan 1, 2021) |
Escondida is a leading producer of copper concentrate and cathodes located in the Atacama Desert in northern Chile. Escondida’s two pits feed three concentrator plants, as well as two leaching operations (oxide and sulphide). |
Latest News | Union at BHP's Escondida mine in Chile rejects contract, company seeks talks July 31, 2021 |
Source:
p. 236
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
|
|
BHP Billiton Minerals Pty Ltd.
(operator)
|
57.5 %
|
Indirect
|
|
BHP 57.5%, Rio Tinto 30%, JECO Corporation consortium comprising Mitsubishi, JX Nippon Mining and Metals 10%, JECO 2 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.
Summary:
2 open-cut pits: Escondida and Escondida Norte.
Flow Sheet:
Crusher / Mill Type | Model | Size | Power | Quantity |
SAG mill
|
|
|
|
5
|
Ball mill
|
|
|
|
15
|
Processing
- Bacterial leaching
- Acid leach
- Flotation
- Heap leach
- Solvent Extraction & Electrowinning
Source:
Summary:
Crushing facilities, feed concentrator and leaching processes.
3 concentrator plants produce copper concentrate from sulphide ore by flotation extraction process (byproducts: gold and silver).
2 solvent extraction and electrowinning plants produce copper cathode Nominal capacity: 153.7 Mtpa (nominal milling capacity) and 350 ktpa copper cathode (nominal capacity of tank house).
2 x 168 km concentrate pipelines, 167 km water pipeline.
Port facilities at Coloso, Antofagasta Desalinated water plant (total water capacity of 3,800 litres per second).
Reserves at June 30, 2021:
Cut-off criteria:
Mineral Resources: Oxide 0.20%SCu, Mixed 0.30%TCu, Sulphide 0.25%TCu or 0.30%TCu depending on processing.
Ore Reserves: Oxide 0.20%SCu, Sulphide 0.30%TCu and greater than variable cut-off (V_COG) of the concentrator, Sulphide Leach 0.25%TCu and lower than V_COG and with >30% of copper carried by more leachable copper minerals.
Category | OreType | Tonnage | Commodity | Grade |
Proven
|
Heap leach
|
1,330 Mt
|
Copper
|
0.42 %
|
Proven
|
Sulphide
|
3,450 Mt
|
Copper
|
0.68 %
|
Proven
|
Oxide
|
76 Mt
|
Copper
|
0.62 %
|
Probable
|
Heap leach
|
286 Mt
|
Copper
|
0.39 %
|
Probable
|
Sulphide
|
1,700 Mt
|
Copper
|
0.57 %
|
Probable
|
Oxide
|
123 Mt
|
Copper
|
0.53 %
|
Proven & Probable
|
Heap leach
|
1,620 Mt
|
Copper
|
0.41 %
|
Proven & Probable
|
Sulphide
|
5,150 Mt
|
Copper
|
0.64 %
|
Proven & Probable
|
Oxide
|
199 Mt
|
Copper
|
0.56 %
|
Measured
|
Sulphide
|
5,270 Mt
|
Copper
|
0.61 %
|
Measured
|
Oxide
|
99 Mt
|
Copper
|
0.6 %
|
Measured
|
Mixed
|
72 Mt
|
Copper
|
0.52 %
|
Indicated
|
Sulphide
|
3,690 Mt
|
Copper
|
0.51 %
|
Indicated
|
Oxide
|
39 Mt
|
Copper
|
0.58 %
|
Indicated
|
Mixed
|
57 Mt
|
Copper
|
0.47 %
|
Inferred
|
Sulphide
|
10,400 Mt
|
Copper
|
0.53 %
|
Inferred
|
Oxide
|
3 Mt
|
Copper
|
0.78 %
|
Inferred
|
Mixed
|
23 Mt
|
Copper
|
0.45 %
|
Total Resource
|
Sulphide
|
19,400 Mt
|
Copper
|
0.55 %
|
Total Resource
|
Oxide
|
141 Mt
|
Copper
|
0.6 %
|
Total Resource
|
Mixed
|
152 Mt
|
Copper
|
0.49 %
|
Financials:
| Units | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Capital expenditures
|
M USD
| ......  | ......  | ......  | 997 |
999
|
2,268
|
3,273
|
Revenue
|
M USD
| ......  | ......  | ......  | 8,774 |
4,576
|
5,071
|
8,092
|
After-tax Income
|
M USD
| ......  | ......  | ......  | 2,221 |
516
|
505
|
2,194
|
EBIT
|
M USD
| ......  | ......  | | |
|
|
|
EBITDA
|
M USD
| ......  | ......  | ......  | 4,921 |
2,397
|
1,743
|
4,064
|
Operating Cash Flow
|
M USD
| ......  | ......  | | |
|
|
|
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HME Type | Model | Quantity | Leased or Contractor | Ref. Date |
Shovel (rope)
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Aug 1, 2020
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Shovel (rope)
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Shovel (rope)
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Shovel (rope)
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Aug 1, 2020
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Tire manipulator
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Jul 13, 2018
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Truck (haul)
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Apr 1, 2019
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Truck (haul)
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Apr 1, 2019
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Truck (haul)
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Aug 1, 2020
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