Codelco has applied for an environmental permit to extend the life of its Gabriela Mistral mine by over 25 years, pushing the current closure date from 2028 to at least 2055. The $800 million proposal aims to sustain production at the open-pit mine in Chile’s Antofagasta region, which has been operational since 2008. A key component of the plan is the transition away from using domestic land-based water by 2035, relying on third-party sources. The company also plans to shift its focus from extracting copper oxides to copper sulfides.
it has applied for an environmental permit to extend the life of its Gabriela Mistral mine by over 25 years, pushing the current closure date from 2028 to at least 2055.
As part of the extension, the company plans to shift its focus from extracting copper oxides to copper sulfides, using salt in the chlorinated leaching process to improve recovery rates. In November, Codelco produced 125,500 tonnes of copper—an 18% year-on-year increase but still below its target for the month. To meet the low end of its annual production goal of 1.325 million tonnes to 1.352 million tonnes, the company must produce over 161,000 tonnes in December.
Similarly, plans to boost output at El Teniente, the world’s largest underground copper mine, have been postponed due to engineering challenges and funding constraints.
MINING COPPER CHILE CODELCO SUSTAINABILITY WATER MANAGEMENT
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