Cerro Negro Norte is a medium sized project in the Atacama region of Chile, situated approximately 700 kilometres north of Santiago and near the city of Copiapó. It is majority owned by the vertically integrated Chilean steel producer Compañía de Acero del Pacífico (CAP) and operated by an owned subsidiary, Compañía Minera del Pacífico (CMP). The project has had its start date delayed and capital estimates increased many times, most recently in November 2013. However, despite a two-year delay for completion, CNN commenced production in May 2014. Due to the lack of water in the area, CAP has been forced to build a desalination plant and pump water back to the mine site, so that the ore can be processed and beneficiated. This has not only lifted the operating cost of the project but also added an additional layer of technical difficulty to the mine's operations.
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This Iron Ore Metals Mine report provides a detailed analysis of the cost profile, geology, reserves and future production for this mine, as well as a detailed location map.
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Asset report | May 2017
Cerro Negro Norte iron ore mine
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