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Escondida Data

Escondida Information

  • General 2015-05-10
    Escondida copper mine in the Atacama Desert in Northern Chile is currently the world's largest copper mine by reserve. The mine contained more than 32 million tonnes (Mt) of recoverable copper reserves at the end of 2012. Escondida is also the world's largest copper producing mine - in the financial year ending June 2013 output stood at 1.1 million tonnes (Mt), accounting for about five percent of global copper production. BHP-Billiton operates the Escondida mine, holding 57.5% interest. Other stakeholders include Rio Tinto (30%), a Japanese consortium headed by Mitsubishi (ten percent) and the International Finance Corporation (2.5%). The mine has been in operation since late 1990 and is currently one of the 10 deepest open-pit mines in the world. The reserve life of Escondida is estimated to be 54 years. Copper concentrate is produced from sulphide ore of the mine through floatation. The mine also produces copper cathodes from oxide and sulphide leach ore. Sulphide ore comprises more than 82% of the mine's copper reserves.

Nearby Locations

Nearby Location News

  • Sustainability of the Salar de Atacama will be safeguarded by a joint effort between SQM and Albemarle 2016-07-21

    Albemarle Corp. Logo.CHARLOTTE, N.C., July 21, 2016 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) announced today that it's wholly owned subsidiary, Rockwood Lithium Ltda., and Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) have reached an...

  • Albemarle granted permit to increase lithium brine extraction rates in Chile and enters into MOU with Chilean Government for 27-year lithium quota 2016-02-02

    Albemarle Corp. Logo.BATON ROUGE, La., Feb. 1, 2016 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a premier specialty chemicals company and leader in the production of lithium and lithium derivatives, announced today that it has been granted approval by the Environmental Assessment Commission (CEA)...

  • US lithium firm Albemarle plans to more than double Chile output 2016-02-02
    US lithium producer Albemarle has signed a deal with Chile to significantly increase its output of lithium at a time when interest in the mineral that powers electric car batteries is heating up. Albemarle Corp unit Rockwood will invest between $400-million and $600-million in the next four years to increase its production of battery-grade lithium carbonate from Chile to 70 000 t from its current 24 000 t, the economy ministry said in a statement late Monday.
  • Chile’s Antofagasta hopes to boost 2016 copper output by at least 12.6% 2016-01-27
    On the back of an “undeniably difficult 2015” resulting in a 10.6% year-on-year drop in total copper production, Chilean miner Antofagasta hopes to boost its 2016 copper production by between 12.6% and 17.4%. The miner said in a statement on Wednesday that it hoped to benefit from a full year of production at Zaldívar mine – a 50% joint venture with Barrick Gold, which it bought into last year – as well as growth at its Antucoya and Centinela operations.
  • Barrick Achieves 2015 Production Guidance 2016-01-22

    TORONTO, ONTARIO--(Marketwired - Jan. 21, 2016) -

Escondida News

  • Chile's Escondida copper mine to spend $180m on concentrator 2016-07-05
    Chile's Escondida, the world's biggest copper mine, said on Monday that it will invest $180-million to revamp an older concentrator plant with processing capacity of some 100 000 t/d. Escondida has three concentrators, and once all of them are up and running, the mine expects to produce around 1.2-million tonnes of copper annually for the next decade. The mine, nestled high in Chile's arid Atacama desert, produced 1.15-million tonnes in 2015.
  • Chile's Escondida copper mine looks to counteract falling ore grades 2016-04-08
    Chile's Escondida, the world's biggest copper mine, said it is banking on a new $4.2-billion concentrator, its third, and $3-billion water desalination plant to counteract falling ore grades and help boost production over the coming years. Once all three of its concentrators are up and running, Escondida expects to produce around 1.2-million tonnes of copper annually for the next decade. The mine, nestled high in Chile's arid Atacama desert, produced 1.15-million tonnes in 2015.
  • Rio Tinto fourth quarter operations review 0000-00-00
    Market News alert Rio Tinto PLC

Related News

  • ASX: Rio Tinto agrees Heads of Agreement to sell its stake in the 2016-10-30
  • BHP sinks cash into Nickel West to revive operations 2016-10-20
    The future of mining giant BHP Billiton’s Nickel West arm appears solid as the company focused on extending its current operating life from 2023 to 2032, and sinks cash into maintaining its asset integrity. BHP, which has unsuccessfully tried to sell its nickel businesses, has invested A$2-million a month for the last ten months into maintenance and repairs at Nickel West. The spending will continue for the remainder of 2016 and 2017, said Nickel West asset president Eduard Haegel on Thursday.
  • Timok, Serbia: 248m grading 6.37% Cu and 3.19g/t Au from 448m depth (TC150099) 2016-10-18
  • Acacia buys coal project from Rio 2016-10-17
    Junior Acacia Coal has signed an agreement with the vendors of Coalvent to acquire a 74% interest in the Riversdale anthracite colliery, in South Africa. The project is currently held by mining major Rio Tinto, through Riversdale Holdings, and Coalvent has agreed to acquire it from Rio and then sell it on to Acacia.
  • ASX: AJC to Acquire Riversdale Anthracite Colliery from Rio Tinto 2016-10-16

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