Mining Intelligence and News
Chile

Los Pelambres Mine

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Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Copper
  • Molybdenum
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotLos Pelambres is a sulphide deposit producing copper concentrate (with gold and silver) and molybdenum concentrate.

As of 2024, construction is underway on two projects to support future growth: the expansion of the desalination plant to 800 litres per second, enhancing operational resilience and reducing continental water use, and the completion of a new concentrate pipeline along a route shared with Phase 1 Expansion infrastructure.

In Q4 2024, the Environmental Impact Assessment was submitted for the Los Pelambres Development Options Project, which aims to extend the mine life by 15 years beyond 2035. The project would unlock significant existing mineral resources and expand the tailings storage facility, with potential for additional processing and desalination capacity. If approved, construction is expected to begin in the early 2030s.

Owners

SourceSource
CompanyInterestOwnership
Mitsubishi Corp. 5 % Indirect
Marubeni Corp. 9.21 % Indirect
Mitsubishi Materials Corp. 10 % Indirect
JX Metals Corp. 15.79 % Indirect
Antofagasta plc. 60 % Indirect
Minera Los Pelambres S.A. (operator) 100 % Direct
Ownership structure of Minera Los Pelambres:

– 60% Antofagasta plc

– 9.21% Marubeni Corp.

– 15.79% JX Metals Corp. (formerly JX Nippon Mining & Metals Corp.)

- 10% Mitsubishi Materials Corp.

- 5% Mitsubishi Corp.

Contractors

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Deposit type

  • Porphyry

Summary:

The porphyry copper mineralization at Los Pelambres is contained in two contiguous deposits, Los Pelambres (Cu-Mo) and Frontera (Cu-Au), which together constitute the third largest copper concentration (~36 million metric tons (Mt) Cu) in the Miocene to early Pliocene belt of central Chile. Los Pelambres is centered on a composite, N-oriented, ~4.5- × 2.5-km precursor quartz diorite stock emplaced within the regional, NNW-striking, E-vergent Los Pelambres reverse fault.

The fault places intensely deformed Late Cretaceous volcanic and late Oligocene to early Miocene volcanic and volcanosedimentary rocks of the Los Pelambres Formation over gently folded early Miocene volcanic rocks of the Pachón Formation. Copper-gold mineralization at Frontera is hosted mainly by andesite of the Pachón Formation.

Los Pelambres and Frontera are spatially and genetically related to multiphase porphyry bodies that are located within and immediately southeast of the Los Pelambres stock. The stock is emplaced into the Late Cretaceous rhyolitic tuff and late Oligocene to early Miocene Los Pelambres and Pachón Formations.

East of the fault, the Pachón Formation is composed of gently to steeply dipping (20°-70°W), massive andesitic flows and flow breccias, whereas moderately to steeply dipping (50°-80°W) epiclastic rocks and andesite flows constitute the Los Pelambres Formation to the west. Several roof pendants and large blocks of massive andesite, some up to 500 m in vertical extent, are present in the Los Pelambres stock, defining a NW-trending corridor through the north-central parts of the open pit. Within the pit and its immediate environs, both formations are also intruded by numerous, coarse-grained, porphyritic andesite dikes and sills of premineral age and, more locally, as in the northern high wall of the pit, by quartz-eye-bearing sills of dacitic composition (cf. quartz-feldspar porphyry of Atkinson et al., 1996). West of the Los Pelambres fault, the brownishcolored epiclastic sandstone and shale of the Los Pelambres Formation unconformably overlie the Late Cretaceous rhyolitic tuff.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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EV - Electric
AV - Autonomous

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits20252024202320222021202020192018201720162015
Copper kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe363 358 338 355 363 
Molybdenum kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe11 13 10 7.1 10 
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe60 63 55 58 51 
All production numbers are expressed as metal in concentrate. ^ Guidance / Forecast.

Operational metrics

Metrics2024202320222021202020192018201720162015
Daily processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe167.8 kt169.1 kt161.6 kt155.6 kt168.2 kt
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe175 kt175 kt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe87 Mt
Stripping ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1.2

Production Costs

CommodityUnits202520242023202220212020201920182017
Cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1.4 / lb   1.52 / lb   1.44 / lb  
Credits (by-product) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -0.49 / lb   -0.61 / lb   -0.42 / lb  
Cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.91 / lb **   0.91 / lb **   1.02 / lb **  
^ Guidance / Forecast.
** Net of By-Product.

Mine Financials

Units20242023202220212020201920182017
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 573   364.8   237.8  
Growth Capital M USD  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2,364   2,494   2,329  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,115   1,174   1,217  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,127   1,161   1,223  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 785.9   473.5   862.5  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,384   1,428   1,428  
Operating Cash Flow M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,427   940.2   1,277  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 3, 2025
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Workforce

EmployeesContractorsYear
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Aerial view:

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