Growth Opportunities and Challenges for the Chilean Copper ...
Growth Opportunities and Challenges for the Chilean Copper ...
Growth Opportunities and Challenges for the Chilean Copper ...
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<strong>Chilean</strong> & Global Mine Projects<br />
<strong>Chilean</strong> Projects Capex Cu<br />
Capital<br />
Intensity Cash Cost Global Projects Capex Cu<br />
Capital<br />
Intensity Cash Cost<br />
$Bn kt/a k$/(t/aCuEq) Quartile $Bn kt/a k$/(t/aCuEq) Quartile<br />
Codelco Norte Agua Rica 2.1 130 11.8 1<br />
- MMH 1.7 165 8.4 3 Antappacay 1.5 160 8.6 3<br />
- Chuqui' UG 1.9 340 4.6 3 Aynak 4.4 320 13.8 -<br />
Andina 230kt/d 4.8 320 13.1 2 Cobre Panama 4.3 255 15.0 1<br />
El Teneinte NNM 1.5 100 13.2 2 El Pachon 2.4 200 10.8<br />
Frieda River 4.2 190 20.3 1<br />
Caserones 2.0 165 10.4 4 La Granja 2.5 500 4.7 2<br />
Cerro Casale 4.2 112 26.3 4 Las Bambas 4.2 400 9.6 2<br />
Collahuasi Ph II 2.5 270 8.4 3 Oyu Tolgoi 4.6 550 7.9 1<br />
El Morro 2.5 170 12.8 1 Pebble 2.8 300 6.7 3<br />
Escondida V <strong>and</strong> VI 5.0 400 12.3 2 Quellaveco 2.8 200 12.5 2<br />
Esperanza 23 2.3 190 10.4 3 Reko Diq 33 3.3 190 15.8 -<br />
Los Bronces exp 2.2 175 11.6 3 Resolution <strong>Copper</strong> 2.5 560 4.0 3<br />
Pascua Lama 1.5 4 26.3 - Rio Blanco 1.4 190 6.3 3<br />
Quebrada Blanca 3.0 200 12.9 - Tampakan 5.2 340 13.8 1<br />
Relincho 1.6 160 8.6 - Toromocho 2.2 210 8.6 2<br />
Sierra Gorda - Q-FNX 2 180 92 9.2 1 Udokan 39 3.9 150 12.0 -<br />
Chile Total 38.7 2951 Global Sample Total 54.3 4845<br />
Chile Average 211 3 Global Sample Average 285 2<br />
Average Wt by Paid Cu 10.9 Average Wt by Paid Cu 9.6<br />
Source: Corporate disclosure, Cochilco estimates <strong>for</strong> CODELCO- May 2010<br />
© Wood Mackenzie 24<br />
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