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Chile
Salvador Mine

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 Location:
51 km E from Diego de Almagro, Chile

  Address:
Av. Bernardo O'higgins N° 103
El Salvador
Chile
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  • Overview
  • Owners
  • Geology
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News

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Overview

StageProduction
Mine TypeOpen Pit & Underground
Commodities
  • Copper
  • Molybdenum
  • Silver
  • Gold
  • Sulphuric acid
Mining Method
  • Truck & Shovel / Loader
  • Block caving
Production Start...
Mine Life2064
The Rajo Inca project will make it possible to extend the operation of the Salvador Division for 47 years, given the depletion of resources currently in exploitation. At the end of 2022 year, physical progress was 42.6%. The development of the works has been affected by the impact of the pandemic and difficulties in the supply chain.


Owners

Source: p. 20
CompanyInterestOwnership
Codelco Corp. (operator) 100 % Indirect
Codelco, as a productive business, grouped all the deposits (The El Teniente, Andina, Exotica, Chuquicamata and El Salvador) into a single mining, industrial and commercial corporation.

Codelco Corp. operates seven mine sites (known as “divisiones”): Chuquicamata, Ministro Hales, Radomiro Tomic, Gabriela Mistral, Salvador, Andina, El Teniente, in addition to the Ventanas Smelter and Refinery.

Contractors

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Deposit Type

  • Porphyry


Summary:

The Eocene (42 to 41 Ma) El Salvador porphyry copper deposit in the Indio Muerto district, northern Chile (26° 15' S Lat.), formerly thought to have formed at the culmination of a 9-m.y. period of episodic magmatism, is shown by new mapping, U-Pb and K-Ar geochronology, and petrologic data to have formed during the younger of two distinct but superposed magmatic events—a Paleocene (~63 to 58 Ma) and an Eocene (44 to 41 Ma) event. In the district, high-K Paleocene volcano-plutonic activity was characterized by a variety of eruptive styles and magmatic compositions, including a collapse caldera associated with explosive rhyolitic magmatism (El Salvador trap-door caldera), a post-collapse rhyolite dome field (Cerro Indio Muerto), and andesitic-trachyandesitic stratovolcanos (Kilometro Catorce-Los Amarillos sequence).

Precaldera basement faults were reactivated during Paleocene volcanism as part of the collapse margin of the caldera. Beneath Cerro Indio Muerto, where the porphyry Cu deposit subsequently formed, the intersection of two major basement faults and the NNE-striking rotational axis of tilted ignimbrites of the Paleocene El Salvador caldera localized emplacement of post-collapse rhyolite domes and peripheral dikes and sills. Subsequent Eocene rhyolitic and granodioriticdacitic porphyries intruded ~1 4 m.y. after cessation of Paleocene magmatism along the same NNE-striking structural belt through Cerro Indio Muerto as did the post-collapse Paleocene rhyolite ........


Mining Methods

  • Truck & Shovel / Loader
  • Block caving


Summary:


Crushing and Grinding


Processing

Source: Subscription required

Summary:

- subscription is required.


Production:

CommodityProductUnits2022202120202019201820172016
Copper Cathode t  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required60,84061,94259,796
Silver Metal kg  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Gold Metal kg  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Sulphuric acid t  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Molybdenum Metal t  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required
Subscription required - Subscription is required.

Operational Metrics:

Metrics201920182017
Ore tonnes mined 10,362 kdmt12,892 kdmt14,513 kdmt

Reserves at December 31, 2022:

CategoryTonnage CommodityGradeContained Metal
Proven 361 Mt Copper 0.64 % 2.3 Mt
Probable 261 Mt Copper 0.62 % 1.6 Mt
Proven & Probable 622 Mt Copper 0.63 % 3.9 Mt
Measured 560 Mt Copper 0.6 % 3.3 Mt
Indicated 614 Mt Copper 0.54 % 3.3 Mt
Inferred 1,228 Mt Copper 0.45 % 5.5 Mt
Total Resource 2,401 Mt Copper 0.51 % 12.1 Mt

Commodity Production Costs:

CommodityUnits2019201820172016
C1 cash costs Copper USD  ......  Subscription required 2.24 / lb   1.99 / lb   1.82 / lb  

Financials:

Units2022202120202019201820172016
Revenue M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required 503.1   727.8   659  
Gross profit M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required -10.1   112.8   63.6  
Pre-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required -183.2   -30.6   -55  
After-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required  ......  Subscription required -54.3   -6.9   -32.8  
Subscription required - Subscription is required



Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 22, 2023
....................... Subscription required ....................... Subscription required Subscription required May 22, 2023
....................... Subscription required ....................... Subscription required Subscription required May 22, 2023
....................... Subscription required ....................... Subscription required Subscription required May 22, 2023
....................... Subscription required ....................... Subscription required Subscription required May 22, 2023
Subscription required - Subscription is required.

Staff:

EmployeesYear
Subscription required 2022
Subscription required 2021
Subscription required 2020
Subscription required 2019
Subscription required 2018
Subscription required 2017
Subscription required 2016
Subscription required 2015
Subscription required 2014

Corporate Filings & Presentations:

DocumentYear
Annual Report 2022
Financial Review 2022
Other 2022
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2019
................................... Subscription required 2019
Annual Report 2018
Annual Report 2017
Corporate Presentation 2017
Corporate Presentation 2016
Financial Review 2016
Other 2016
Annual Report 2015
Other 2009
Other 1997
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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