Candelaria mine

Candelaria mine
Location
Candelaria mine is located in Chile
Candelaria mine
Candelaria mine
LocationTierra Amarilla, Atacama
RegionAtacama Region
CountryChile
Coordinates27°27′53″S 70°16′31″W / 27.4646°S 70.2752°W / -27.4646; -70.2752
Production
ProductsCopper, gold, silver
as concentrate
Production151,719 tonnes copper
91,000 ounces gold
Financial year2021
History
Discovered1987 (Phelps Dodge)
Opened1995
Owner
CompanyLundin Mining (80%)
Sumitomo Group (20%)

The Candelaria mine is a large open pit and underground copper-gold mine located in northern Chile in the Atacama Region. Candelaria has Proven and Probable Reserves of 676 million tonnes of ore grading 0.53% copper, 0.13 g/t gold, and 1.79 g/t silver; containing 3.58 million tonnes of copper, 3.0 million oz of gold and 39 million oz of silver.[1] The mine project incorporates a reverse osmosis plant at the port of Caldera, commissioned in 2013, with a capacity to produce 500 litres per second of desalinated industrial water, piping it 115 km from the Pacific Ocean to the minesite.[2][3]

The project was operated since discovery in 1987 by Phelps Dodge Corporation, which was taken over by Freeport-McMoRan in 2007. Lundin Mining bought out Freeport's 80% stake in 2014.[4][5]

  1. ^ "Prospectus" (PDF). Toronto, Ontario: Lundin Mining Corporation. 24 March 2022. p. 70. Retrieved 3 August 2022.
  2. ^ "Seawater Reverse Osmosis Services". Digiscend.com. 2014. Retrieved 2014-08-19.
  3. ^ "Candelaria Mining Complex Site Visit" (PDF). Toronto, Ontario: Lundin Mining Corporation. 12 September 2018. p. 5. Retrieved 3 August 2022.
  4. ^ "Prospectus" (PDF). Toronto, Ontario: Lundin Mining Corporation. 24 March 2022. p. 75. Retrieved 3 August 2022.
  5. ^ "Lundin buys stake in Chilean mine for $1.8B US - CBC". CBC. 2014-10-07. Retrieved 2022-07-22.