Las Bambas

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Las Bambas is a large, long-life copper mine located in Cotabambas, Apurimac region of Peru.

Las Bambas is a joint venture project between the operator MMG (62.5%), a wholly owned subsidiary of Guoxin International Investment Co. Ltd (22.5%) and CITIC Metal Co. Ltd (15.0%).

In December 2015 Las Bambas achieved a significant milestone with the production of first copper concentrate as part of commissioning activities for the mine.  First shipment of copper concentrate to customers departed the Port of Matarani in January 2016.

Las Bambas completed construction in the first quarter of 2016, and continues to progressively ramp-up with commercial production achieved on 1 July 2016.  

Once in full production Las Bambas will be one of the world’s largest copper mines, with an annual nameplate throughput capacity of 51.1 million tonnes. Las Bambas is expected to produce between 250,000 and 300,000 tonnes of copper in copper concentrate in 2016. The operation will position Peru as one of the top copper producers in the world and become a strong contributor to social investment and local employment in the region.

Mining

Ore at Las Bambas is mined from an open pit. The ore is crushed and transported on a 5.5-kilometre overland conveyor to a conventional flotation plant where copper concentrate is produced, then to a molybdenum plant for further processing.

Product sales

Copper concentrate is transported by truck and rail to the Port of Matarani in Arequipa where it is shipped to customers worldwide.


Location

Lima office

Av. El Derby 055, Edificio Cronos,
Torre 3, Piso 9, Surco, Lima 33, Perú


 

Key Facts

Location

Cotabambas province, Apurimac region, Peru

Product

Copper concentrate
(gold and silver by-products)
Molybdenum concentrate

Mining method

Open-pit

Processing method

Conventional copper concentrator

Estimated mine life

20+ years

Mineral Resources and Ore Reserves

View our Mineral Resources and Ore Reserves Statements

Employment
(full-time equivalent as at 31 December 2015)

7,354 employees and contractors

 

Product sales

Copper concentrate is transported by truck and rail to the Port of Matarani in Arequipa where it is shipped to customers worldwide.

 

Timeline

 2016

Commercial production achieved on schedule on 1 July 2016.

Shipment of first copper concentrate to customers.

Construction completed.

 2015

Production of first copper concentrate as part of commissioning activities.

Commissioning and commencement of production ramp up.

2014

MMG Ltd, Guoxin International Investment Corporation. Limited and CITIC Metal Co., Ltd enter into an agreement to purchase the Las Bambas project from Glencore plc.

At the end of the year construction was 80% complete.

2013

Glencore and Xstrata merge to form Glencore plc.
Made 65% progress on pioneering roads, 40% on concentrator plant.

2012

Engineered roads and main components for the start-up of the future operation.
Began construction of concentrator plant.
Began construction of heavy haul roads.
Allocated more than 60% of the investment for construction.

2011

The government approved the EIS after dialogue with surrounding communities.

2010

Held public hearing for the EIS in Challhuahuacho, Cotabambas province, Apurímac region.
Signed contract with the government to transfer the Las Bambas mining concession titles, with an expected investment of more than US$5 billion.

2009

Completed Feasibility Study.

2008

Completed exploration of 306,908 accumulated drilled metres.

2004

Xstrata Copper acquired the right to explore Las Bambas through an international public tender.

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