https://www.miningweekly.com

Teck gets approval to expand Quebrada Blanca mine in Chile

9th August 2018

By: Reuters

  

Font size: - +

SANTIAGO – Teck Resources said on Wednesday it had received regulatory approval for its $4.8-billion Phase 2 project at its Quebrada Blanca copper mine in northern Chile, a sprawling expansion that will boost production from the deposit to 300 000 t/y of copper.

The environmental approvals will allow the Canadian miner to extend the life of the aging deposit by 25 years, the company said in a statement, using only a quarter of its existing reserves and resources.

The mine includes the first large-scale use of desalinated seawater for mining in Chile's arid Tarapaca region, Teck said, as well as a 140 000-t/d concentrator.

Chile is the world's top copper producer.

Teck said in July that it would launch a formal process seeking a development partner in the project, which could contribute some $2-billion for a 30% to 40% stake.

The company said it expected to close a deal with a partner in the fourth quarter.

Quebrada Blanca produced 23 400 t of copper in 2017.

Edited by Reuters

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION