Asset report

Marcona iron ore mine

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Report summary

Marcona is a medium sized surface mine in Peru located approximately 420 kilometres southeast of Lima. It is the only iron ore mine currently operating in Peru and is owned by the Shougang Group. Marcona also has the distinction of being the first mine acquired by Chinese steel makers as part of a strategy aimed at securing their own supply.Shougang is in the process of expanding Marcona's capacity. The project's Phase I was completed in 2016. Phase II will encompass the construction of a new beneficiation plant among other things. This will allow Marcona to increase fines and concentrate production and eventually decrease high grade scarce lump output. Due to its location and high silica levels within the ore most of Marcona s products receive a substantial discount to global benchmark prices. Despite this due to the mine s low operating cost it is able to continue producing healthy margins.

What's included

This report contains

  • Document

    Marcona.xls

    XLS 229.00 KB

  • Document

    Marcona iron ore mine

    PDF 467.33 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
  • Operational summary
  • Infrastructure
  • Cash cost (US$/tonne)
  • Capital costs (US$ million)
  • Product quality
  • Economic assumptions

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