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Chile

Antucoya Mine

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Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Copper
Mining Method
  • Truck & Shovel / Loader
Production Start2016
Mine Life2044
SnapshotAntucoya mines and leaches oxide ore to produce copper cathodes using the solvent extraction and electrowinning (SX-EW) process.

In 2022 Antofagasta completed the transition of all operations to electricity generated exclusively from renewable sourced contracts.

2023 - Work continues on developing a method of leaching primary sulphide copper ores, with industrial scale tests of Cuprochlor®-T at Antucoya.

As part of Antofagasta's Remote Operating and Autonomy Roadmap, Antucoya has initiated a feasibility study in 2023 to review the options for remote operations at mine.

Owners

SourceSource
CompanyInterestOwnership
Marubeni Corp. 30 % Indirect
Antofagasta plc. 70 % Indirect
Minera Antucoya S.A. is a 70% subsidiary of Antofagasta, and holds the Antucoya operations. Marubeni Corporation, the Antofagasta’s 30% minority partner in Antucoya.

Contractors

ContractorContractDescriptionRef. DateExpirySource
Engie Energia Chile S.A. Power supply May, 2019 - Minera Antucoya has signed a long-term agreement with ENGIE Energia Chile SA. The new agreement, which will begin in January 2022 has a term of eleven years. ENGIE Energía Chile will supply around 300GWh of power generated by renewable energy sources to Minera Antucoya each year. January, 2022 - completed the transition of Antucoya to electricity generated exclusively from renewable sourced contract. May 31, 2019 11
Schwager S.A. Plant maintenance The contract with Minera Antucoya consists of Spot support services to cover major maintenance needs in the areas of Primary Crushing, Secondary Crushing, Tertiary Crushing, Agglomerate, Stacking, Gravels and Wet Area, which provides support to the needs of Minera Antucoya, in order to comply with the Maintenance Plan for the year 2022 and 2023. Dec 31, 2022

Deposit type

  • Porphyry

Summary:

The Antucoya porphyry copper deposit is situated 120 km northeast of Antofagasta in the Early Cretaceous metallogenic belt of the Coastal Cordillera.

The mineralized system is related to granodioritic porphyry (Antucoya porphyry) and dacite porphyry (Buey Muerto porphyry). Late dacitic dikes intrude the former ore-related intrusions and Jurassic andesitic host rocks in a tectonic environment dominated by splays of the Atacama Fault System.

The principal mineralization constitutes a column 350 m thick, composed of atacamite, brochantite, Fe-Cu sulfates, Cubearing limonite, chrysocolla and black oxides, with rare chalcocite and covellite in a thin supergene enrichment blanket.

In the underlying hypogene zone, the mineralization is dominated by chalcopyrite>pyrite>bornite hosted by A- and B veins in potassic alteration, and in C-veins on the periphery of the porphyry intrusions. The pyrite/chalcopyrite ratio is greater in D-veins within a shallow phyllic zone. The Mo distribution is erratic and poorly characterized.

Reserves at December 31, 2023

The ore reserve cut-off grade is 0.16% copper, while the cut-off grade for mineral resources is 0.15% copper.

Mineral Resources are reported inclusive of Mineral Reserves.
CategoryTonnage CommodityGrade
Proven 438.9 Mt Copper 0.32 %
Probable 287.7 Mt Copper 0.28 %
Proven & Probable 726.5 Mt Copper 0.31 %
Measured 460 Mt Copper 0.32 %
Indicated 360.7 Mt Copper 0.28 %
Measured & Indicated 820.8 Mt Copper 0.3 %
Inferred 280.5 Mt Copper 0.25 %
Total Resource 1,101 Mt Copper 0.29 %

Mining Methods

  • Truck & Shovel / Loader

Summary:

Antucoya is a low-grade, low strip-ratio, oxide deposit.

Conventional open-pit mining method with preliminary drilling and blasting operations is utilized for extraction oxide ore.

There are electric shovels and front-end loaders used for extraction-and-loading.

Comminution

Crushers and Mills

TypeModelSizePowerQuantity
Jaw crusher 1
Cone crusher 2

Summary:

There are three stages of crushing at the Antucoya processing plant, primary jaw crushing, secondary and tertiary cone crushing.

Processing

  • Sulfuric acid (reagent)
  • Crush-and-stack plant
  • Heap leach
  • Solvent Extraction & Electrowinning

Summary:

Mined oxide ore is crushed, piled into heaps and then leached with sulphuric acid, producing a copper sulphate solution. This solution is then put through a solvent extraction and electrowinning (“SX-EW”) plant to produce copper cathodes, which are sold to fabricators around the world.

Recoveries & Grades:

CommodityParameter20232022202120202019201820172016
Copper Head Grade, % 0.330.340.340.380.390.370.370.39
Copper Recovery Rate, % 67.96969.173.774.671.673.770.6
^ Guidance / Forecast.

Pipelines and Water Supply

TypeMaterialDiameterLengthDescription
Water pipeline ~12 km Sea water pipeline

Summary:

Antucoya has processes in place to manage and conserve freshwater.

Antucoya uses seawater in both mining and electrowinning plant. It also has reverse osmosis plant to produce drinking water for the camp. All the water used in camps and offices is collected for treatment in the wastewater treatment plant and is used to moisten our internal roads and the open pit loading area.

Antofagasta already only uses sea water for Antucoya operation. By 2025, Antofagasta expects 90% of mining operations’ water consumption will be recirculated or sea water.

The shared pipeline between Antucoya and Centinela is a major synergy.

Production

CommodityUnits202420232022202120202019201820172016
Copper t 75,000-80,000 ^77,80079,20078,60079,30071,90072,20080,50066,200
All production numbers are expressed as cathode. ^ Guidance / Forecast.

Operational metrics

Metrics20232022202120202019201820172016
Daily processing rate 88.6 kt89.4 kt85.5 kt76 kt66.5 kt74.7 kt79.7 kt67.6 kt
Daily processing capacity 100,000 t100,000 t100,000 t100,000 t100,000 t
Waste 33,576,000 Mt25 Mt27 Mt23 Mt23 Mt

Production Costs

CommodityUnits20242023202220212020201920182017
Cash costs Copper USD 2.5 / lb ^   2.63 / lb   2.5 / lb   2.04 / lb   1.82 / lb   2.17 / lb   1.99 / lb   1.68 / lb  
^ Guidance / Forecast.

Financials

Units2023202220212020201920182017
Sustaining costs M USD 88  58  
Capital expenditures M USD 122  67  62.7  44.6   50   65.7   78.2  
Revenue M USD 672.3  703.5  697.8  480.3   432.2   457.6   508.6  
Operating Income M USD 105.7  155.6  238.3  71.2   -5.9   62.9   131.2  
Pre-tax Income M USD 81.4  131.5  228  42.5   -47.7   11.4   85.1  
After-tax Income M USD 66.8  96.6  311.5  42.2   -47.9   27  
EBITDA M USD 215.1  261.2  337.1  165.8   86.3   141.6   207.3  
Operating Cash Flow M USD 209.7  162.1  295.3  147.3   73.8   80.8   240.7  

Heavy Mobile Equipment

Ref. Date: December 31, 2016

SourceSource
HME TypeModelQuantity
Drill Epiroc D65 1
Drill (blasthole) Caterpillar MD6240 2
Loader (FEL) LeTourneau L2350 1
Shovel (rope) P&H 4100 XPC 2
Truck (haul) Komatsu 930E 10

Personnel

Mine Management

Job TitleNameProfileRef. Date
Chief Operating Officer Patricio Mora LinkedIn Jun 30, 2024
Development Manager Sebastian Blanco Retamales LinkedIn Jun 30, 2024
Drilling & Blasting Superintendent Sergio Barrera Rojas LinkedIn Jun 30, 2024
Maintenance Manager Alejandro Rojas Basoalto LinkedIn Jun 30, 2024
Mine General Manager Ivo Fadic LinkedIn Jun 30, 2024
Mine Maintenance Superintendent Miguel Angel Gonzalez Gaete LinkedIn Jun 30, 2024
Mining Manager Alex Calderon LinkedIn Jun 30, 2024
Planning Superintendent Emapía Riveras Vergara LinkedIn Jun 30, 2024

EmployeesContractorsYear
949 1,747 2023
894 2022
817 2021
798 2020
787 2019
786 2018
737 2017
726 2016
698 2015

Aerial view:

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