Asset Report
Marcona iron ore mine
Report summary
Marcona is a mid-sized surface mine owned and operated by the Shougang Group located approximately 420 kilometres southeast of Lima, Peru. The project is the only large-scale iron ore mine currently in operation in the country and has the distinction of being one of the first mines acquired by Chinese steelmakers out of China as part of a strategy aimed at securing their own supply. Marcona was forced by the Peruvian Mines and Energy Ministry (MEM) to close its operations between early April and June 2020 as a result of the coronavirus crisis. This, ultimately, culminated in Marcona's output falling by over 10% in 2020 before recovering in 2021. Shougang completed an expansion project at Marcona in 2018 which uplifted the project's capacity by over 40%.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes 13 images and tables including:
- Marcona Emission Intensity Quartile ranking – Total global production- Tonnes of ore
- Detailed map
- Participants (%)
- Marketable reserves (at 01/01/2023)
- Production
- Production
- Operational summary
- Infrastructure
- Cash cost (US$/tonne)
- Cash cost
- Capital costs (US$ million)
- Product quality
- Economic assumptions
What's included
This report contains:
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