Asset report

Cerro Negro Norte iron ore mine

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Report summary

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.

What's included

This report contains

  • Document

    Cerro Negro Norte.xls

    XLS 219.50 KB

  • Document

    Cerro Negro Norte iron ore mine

    PDF 490.08 KB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
  • Production
  • Operations
  • Infrastructure
  • Costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:

Images

  • Detailed map
  • Production
  • Cash cost

Tables

  • Key facts: Table 1
  • Participants (%)
  • Marketable reserves (at 01/01/2017)
  • Production
  • Operations
  • Infrastructure
  • Cash costs (US$/tonne)
  • Capital costs (US$ million)
  • Product quality
  • Economic assumptions

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