Asset Report
Valle de Copiapo (Magnetite Plant) iron ore mine
Report summary
Magnetite Plant is an iron ore concentrator owned by the Chilean steel producer Compañía de Acero del Pacífico (CAP) in the company's Valle de Copiapó complex in the Atacama region, Chile. The facility produces a concentrate product by mostly processing tailings from Lundin Mining's Candelaria copper mine. Since 2011, Magnetite Plant has also been processing small amounts of tailings from the Los Colorados mine. Tailings from both Candelaria and Los Colorados are extremely low in iron, resulting in low mass recovery rates. Accordingly, the cost of processing this material to a saleable-quality product is very high. We expect the project's output to keep its typical run rate in 2023.
Table of contents
- Summary
- Key issues
- Emissions
Tables and charts
This report includes 13 images and tables including:
- Magnetite Plant Emission Intensity Quartile Ranking - Total global production - Tonnes of ore
- Detailed map
- Participants (%)
- Marketable reserves (at 01/01/2022)
- Production
- Production
- Operations
- Infrastructure
- Cash costs (US$/tonne)
- Cash costs
- Capital costs (US$ million)
- Product quality
- Economic assumptions
What's included
This report contains:
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