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Peru
Cerro Verde Mine

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 Location:
16 km SW from Arequipa, Peru

  Address:
Av. Alfonso Ugarte 304,
Arequipa
Peru
Phone  ...  Subscription required
Fax51-54-283376
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

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Overview

StageProduction
Mine TypeOpen Pit
Commodities
  • Copper
  • Molybdenum
  • Silver
Mining Method
  • Truck & Shovel / Loader
Processing
  • Flotation
  • Heap leach
  • ROM/dump leach
  • Solvent Extraction & Electrowinning
Mine Life2052
Latest NewsFreeport-McMoRan Provides Update on Cerro Verde Mine in Peru     April 13, 2020


Owners & OPERATOR

Source: p. 16
CompanyInterestOwnership
Compania de Minas Buenaventura S.A.A. 19.58 % Indirect
SMM Cerro Verde Netherlands B.V. 21 % Indirect
Freeport-McMoRan Inc. 53.56 % Indirect
Sociedad Minera Cerro Verde S.A.A. (operator) 100 % Direct
Sociedad Minera Cerro Verde S.A.A. operates Cerro Verde.

Freeport-McMoRan Inc. has a 53.56 percent ownership interest in Cerro Verde, with the remaining 46.44 percent held by SMM Cerro Verde Netherlands B.V. (21.0 percent), Compañia de Minas Buenaventura S.A.A. (19.58 percent) and other stockholders whose shares are publicly traded on the Lima Stock Exchange (5.86 percent).

Deposit Type

  • Porphyry


Summary:

The Cerro Verde mine is a porphyry copper deposit that has oxide and secondary sulfide mineralization, and primary sulfide mineralization. The predominant oxide copper minerals are brochantite, chrysocolla, malachite and copper “pitch.” Chalcocite and covellite are the most important secondary copper sulfide minerals. Chalcopyrite and molybdenite are the dominant primary sulfides.


Mining Methods

  • Truck & Shovel / Loader


Summary:

The available fleet consists of forty-five 290-metric ton haul trucks and ninety-three 230-metric ton haul trucks loaded by twelve electric shovels with bucket sizes ranging in size from 33 to 57 cubic meters and two hydraulic shovels with a bucket size of 21 cubic meters. This fleet is capable of moving an average of approximately 1,050,000 metric tons of material per day.


Crushing and Grinding


Processing

  • Flotation
  • Heap leach
  • ROM/dump leach
  • Solvent Extraction & Electrowinning

Source: Subscription required

Summary:

Cerro Verde’s operation consists of an open-pit copper mine, a 409,500 metric ton-per-day concentrator, and SX/EW leaching facilities. Leach copper production is derived from a 39,000 metric ton-per-day crushed leach facility and a 100,000 metric ton-per-day ROM leach system. This SX/EW leaching operation has a capacity of approximately 200 million pounds of copper per year.

The original concentrator design included the use of High Pressure Grinding Rolls (HPGRs) for tertiary comminution, which was the first base metal concentrator to use HPGR technology. The materials handling system involves primary and secondary crushers, HPGR units and crushing, mill grinding, screening, and conveying systems. Copper recovery is achieved with multistage flotation technology with regrinding of middling products. Fluor, having successfully designed and built the original, 108,000 tpd Cerro Verde C1 (debottlenecked to 120,000 tpd) copper/molybdenum concentrator in 2007.

The 240,0 ........


Production:

CommodityProductUnits201920182017201620152014
Copper Cathode k lbs  ......  Subscription required  ......  Subscription required82,180107,960105,077124,804
Copper Metal in concentrate k lbs  ......  Subscription required  ......  Subscription required980,030999,850439,405375,438
Molybdenum Metal in concentrate M lbs  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Silver Metal oz  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Subscription required - Subscription is required.

Operational Metrics:

Metrics201920182017201620152014
Daily mining capacity  ......  Subscription required  ......  Subscription required  ......  Subscription required735,000 t725,000 t450,000 t
Daily milling capacity  ......  Subscription required  ......  Subscription required  ......  Subscription required360,000 t360,000 t120,000 t
Annual production capacity  ......  Subscription required  ......  Subscription required  ......  Subscription required200 M lbs of copper cathode200 M lbs of copper cathode200 M lbs of copper cathode
Daily processing capacity  ......  Subscription required  ......  Subscription required  ......  Subscription required
Subscription required - Subscription is required.

Reserves at December 31, 2019:

CategoryOreTypeTonnage CommodityGradeRecoverable Metal
Proven Heap leach 39 Mt Copper 0.43 %
Proven ROM leach 26 Mt Copper 0.27 %
Proven Mill / Sulphide 809 Mt Copper 0.37 %
Proven Mill / Sulphide 809 Mt Molybdenum 0.02 %
Proven Mill / Sulphide 809 Mt Silver 1.97 g/t
Probable Heap leach 10 Mt Copper 0.33 %
Probable ROM leach 21 Mt Copper 0.18 %
Probable Mill / Sulphide 3,361 Mt Copper 0.35 %
Probable Mill / Sulphide 3,361 Mt Molybdenum 0.01 %
Probable Mill / Sulphide 3,361 Mt Silver 1.87 g/t
Proven & Probable Heap leach 49 Mt Copper 0.41 % 0.3 B lbs
Proven & Probable ROM leach 46 Mt Copper 0.23 % 0.1 B lbs
Proven & Probable Mill / Sulphide 4,170 Mt Copper 0.36 % 28.2 B lbs
Proven & Probable Mill / Sulphide 4,170 Mt Molybdenum 0.01 % 0.7 B lbs
Proven & Probable Mill / Sulphide 4,170 Mt Silver 1.89 g/t 113.3 M oz

Commodity Production Costs:

CommodityUnits2018201720162015
Cash costs Copper USD  ......  Subscription required† 1.58 / lb† 1.33 / lb† 1.64 / lb†
† Net of By-Product.
Subscription required - Subscription is required.

Financials:

Units2019201820172016201520142013
Capital expenditures M USD  ......  Subscription required  ......  Subscription required 1,596   1,750   1,073  
Revenue M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required 1,116   1,467   1,811  
Operating Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required 170.8   611.78   948.12  
Gross profit M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required 253.61   669.62   1,016  
Pre-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required 79.5   616.14   946.6  
After-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required 33.3   377.61   613.26  
Subscription required - Subscription is required


Heavy Mobile Equipment as of December 31, 2019:
HME TypeSizeQuantity
Shovel 33 cu. m 12
Shovel (hydraulic) 21 cu. m 2
Truck (haul) 290 t 45
Truck (haul) 230 t 93

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2020
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2020
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2020
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2020
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2020
Subscription required - Subscription is required.

Staff:

EmployeesYear
Subscription required 2019
Subscription required 2018
Subscription required 2017
Subscription required 2016
Subscription required 2015
Subscription required 2014

Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2020
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2018
................................... Subscription required 2018
Form 10-K 2017
Form 20-F 2017
Quarterly Report 2017
Form 10-K 2016
Form 20-F 2016
Project Description 2016
Quarterly Report 2016
Form 10-K 2015
Form 20-F 2015
Quarterly Report 2015
Form 10-K 2014
Form 20-F 2014
Quarterly Report 2014
Form 20-F 2013
Quarterly Report 2013
Form 20-F 2012
Quarterly Report 2012
Form 20-F 2011
Form 20-F 2010
Subscription required - Subscription is required.

News:

NewsDate
Freeport-McMoRan Provides Update on Cerro Verde Mine in Peru April 13, 2020
Freeport-McMoRan Issues Statement on Government Declaration of National Emergency in Peru March 17, 2020

Aerial view:

Subscription required - Subscription is required.

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