Mining Intelligence and News
Chile

MVC Mine

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Categories

Overview

Mine TypeTailings
StatusActive
Commodities
  • Copper
  • Molybdenum
Mining Method
  • Hydraulic mining
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SnapshotAmerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine.

Owners

SourceSource
CompanyInterestOwnership
Amerigo Resources Ltd. 100 % Indirect
Amerigo Resources Ltd. owns a 100% interest in Minera Valle Central S.A., a producer of copper and molybdenum concentrates.

Contractors

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Deposit type

  • Tailings

Summary:

The historic Cauquenes and Colihues tailings impoundments are man-made deposits that were generated as sites for the containment of tailings produced during the processing of copper-molybdenum ore at the El Teniente mine. Feed to the plant is derived from two sources: fresh rougher tailings from the Codelco’s El Teniente concentrator and hydraulically recovered tails from the Cauquenes tailings impoundment. The mineralogy of the feeds varies, and the most recent mineralogy indicates that the main copper and molybdenum-bearing minerals are sulfide in nature. In the fresh tailings the majority of the copper (47%) occurs as chalcopyrite, with significant secondary copper sulfide forms: chalcocite, bornite, and covellite (40%). In the historic tailings, approximately 75% of the copper occurs as secondary copper minerals and about 17% of the copper occurs in the form of chalcopyrite. The portion of poor floating copper minerals (copper in iron oxides and sulfates) ranged from 7 to 13% for the historic and fresh tailings, respectively. In both tailings streams, the molybdenum occurs as molybdenite.

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

CommodityUnits2024202320222021202020192018201720162015
Copper M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe7065635737
Molybdenum M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1.41.91.60.50.1
All production numbers are expressed as metal in concentrate. ^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018201720162015
Daily processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe62,994,127 t65,682,995 t66,376,937 t62,671,102 t56,102,187 t

Production Costs

CommodityUnits20242023202220212020201920182017
Credits (by-product) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -0.28 / lb   -0.28 / lb   -0.24 / lb  
Cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1.82 / lb **   1.56 / lb **   1.64 / lb **  
Total cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2.74 / lb **   2.47 / lb **   2.5 / lb **  
^ Guidance / Forecast.
** Net of By-Product.

Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M USD  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 10   35  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 119.8   136.8   134  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -4.9   19.7   18  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.4   25   26  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -12.7   15.4   12.8  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -9.4   10.5   8  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 17.9  
Operating Cash Flow M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 9.8   27.8   26.4  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 30, 2024
....................... Subscription required ....................... Subscription required Subscription required May 30, 2024
....................... Subscription required ....................... Subscription required Subscription required May 30, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019

Aerial view:

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