Mining Intelligence and News
Peru

Condestable Operation

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Condestable Operation

Location: 87 km SE from Lima, Peru

Address:

Av. Manuel Olguín 501, Santiago de Surco
Lima
Peru
15023

Contacts:

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Categories

Summary

Mine TypeUnderground
StatusActive
Commodities
  • Copper
  • Silver
  • Gold
Mining Method
  • Sub-level stoping
  • Longhole stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotCondestable operation comprises of processing plant two contiguous mines, Condestable and Raúl, which were integrated in 2013.

Condestable operation the first medium-sized underground mining operation in the world to obtain the Copper Mark certification, which attests to sustainable copper production. In addition, Condestable was the first operation to obtain a renewable energy certificate for using 100% renewable power in activities.

In 2024, Compañía Minera Condestable has launched its Decarbonization Plan, with the ambitious goal of reducing emissions by 30% by 2030 — making electromobility a key tool in achieving this target.

By 2025, Compañía Minera Condestable is making significant progress in implementing a filtered tailings plant, which will extend the mine's operational life by approximately 30 additional years.

The filtered tailings plant will also increase the amount of recycled water used in operational processes.
Related Asset

Owners

SourceSource
CompanyInterestOwnership
Southern Peaks Mining LP 99.1 % Indirect
Compania Minera Condestable S.A.A. (operator) 100 % Direct
Compañía Minera Condestable is a subsidiary of the Southern Peaks Miningp that operates the Condestable operation.

Contractors

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SourceSource

Deposit type

  • Manto
  • IOCG
  • Breccia pipe / Stockwork

Summary:

Condestable complex comprises two contiguous mines, Condestable and Raúl, which were integrated in 2013. The Condestable complex is a typical iron-oxide–copper–gold (IOCG) deposit.

The deposit lies within the Lower Cretaceous volcano-sedimentary belt on Peru’s central coast. Its lithology consists of complex sequences of andesitic flows, pyroclastic rocks, volcanic breccias, shales, and limestone horizons, all intruded by dioritic and andesitic bodies. Ore mineralization occurs as mantos and breccias and is composed mainly of chalcopyrite with associated gold and silver, together with pyrite, pyrrhotite, and magnetite, and lesser bornite.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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EV - Electric

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityProductUnits20242023202220212020
Copper Payable metal dmt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Copper Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Silver Payable metal koz  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold Payable metal koz  ....  Subscribe  ....  Subscribe  ....  Subscribe
Copper Equivalent dmt  ....  Subscribe  ....  Subscribe  ....  Subscribe

Operational metrics

Metrics20242023202220212020
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Production Costs

CommodityUnits2020
C1 cash costs Copper Equivalent USD  ....  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 26, 2025
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....................... Subscription required ....................... Subscription required Subscription required Oct 26, 2025
....................... Subscription required ....................... Subscription required Subscription required Oct 26, 2025
....................... Subscription required ....................... Subscription required Subscription required Oct 26, 2025
....................... Subscription required ....................... Subscription required Subscription required Oct 26, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
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Aerial view:

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