Escondida

Rio Tinto releases third quarter production results

Retrieved on: 
Monday, October 16, 2023
Natural Resources, Manufacturing, Mining, Minerals, Steel, Engineering, Wildfire, Investment, Renewable energy, IOC, WCS, Republic, Pan-American, Safety, Kennicott, General Electric, Escondida, Maintenance, Simandou, GE, Oyu Tolgoi mine, Rio Tinto, Copper, Lithium, Iron ore, Cryptocurrency, Weipa, Titanium

The refinery and smelter were safely restarted during the period, with production expected to ramp up during the fourth quarter.

Key Points: 
  • The refinery and smelter were safely restarted during the period, with production expected to ramp up during the fourth quarter.
  • Titanium dioxide slag production of 247 thousand tonnes was 20% lower than the third quarter of 2022.
  • Jérôme, who was until recently President and CEO of General Electric (GE) Renewable Energy, will join Rio Tinto on 23 October 2023.
  • All currency figures in this report are US dollars, and comments refer to Rio Tinto’s share of production, unless otherwise stated.

Arizona Sonoran Appoints Bernie Loyer as Senior VP, Projects and Christopher White as Chief Geologist

Retrieved on: 
Wednesday, June 7, 2023
Mining, Minerals, Natural Resources, Maintenance, University, Goldcorp, Senior, Geology, Cactus, Escondida, BHP, PFS, Bernie, Albemarle, ASCU, SolGold, Media Luna, Engineering, Ogilvie, Project, TSX, Jan Vansina, Goldstrike mine

The Company has appointed Harold (Bernie) Loyer as Senior VP Projects, replacing Ian McMullan as Chief Operating Officer and Christopher White as Chief Geologist to support Doug Bowden, VP Exploration.

Key Points: 
  • The Company has appointed Harold (Bernie) Loyer as Senior VP Projects, replacing Ian McMullan as Chief Operating Officer and Christopher White as Chief Geologist to support Doug Bowden, VP Exploration.
  • As Senior VP Projects, he will lead the engineering, procurement and management resources in the development and execution of Arizona Sonoran’s project portfolio.
  • Arizonan Bernie Loyer joins ASCU from SolGold where he held the position of VP Projects leading the development of the Porvenir and Cascabel projects in Ecuador.
  • Prior to that, he held progressively senior roles as Senior Mine Geologist at Goldstrike, Nevada Gold Mines, focused on open pit geology and mapping, Geology Manager at Albemarle Corporation’s Kings Mountain and Senior Geologist / Acting Chief Geologist at Freeport McMoRan’s Bagdad Mine.

BHP and Microsoft use AI to lift Escondida copper recovery

Retrieved on: 
Tuesday, May 30, 2023
BHP, Antofagasta Region, Microsoft, Escondida, CVP, Wind, Digital technology, Machine learning, Mining, Atacama Desert, Artificial intelligence, Copper, AI, Iron ore

MELBOURNE, Australia, May 30, 2023 (GLOBE NEWSWIRE) -- A new collaboration between BHP and Microsoft has used artificial intelligence and machine learning with the aim of improving copper recovery at the world’s largest copper mine.

Key Points: 
  • MELBOURNE, Australia, May 30, 2023 (GLOBE NEWSWIRE) -- A new collaboration between BHP and Microsoft has used artificial intelligence and machine learning with the aim of improving copper recovery at the world’s largest copper mine.
  • The use of new digital technology to optimise concentrator performance at BHP’s Escondida operation in Chile is expected to improve copper recovery.
  • “We are excited to partner with BHP on this transformative project that demonstrates the power of AI, machine learning and cloud technologies,” said John Montgomery, CVP, AI Platform at Microsoft.
  • BHP is a top three global producer of copper and has the largest copper endowment of any company globally2.

Lundin Mining Announces Appointment of Maria Olivia Recart to Board of Directors

Retrieved on: 
Thursday, March 23, 2023
Workforce, Corporate Affairs, Lundin, BHP, Lundin Mining, LUN, Organization, Economy, Dean, Woman, LUMI, Escondida, Social capital, Sustainability Accounting Standards Board, Public sector, Development, Azerbaijan and Organization for Economic Co-operation, Mining, TSX, Value, Safety, Management

TORONTO, March 23, 2023 /PRNewswire/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the appointment of Maria Olivia Recart to the Company's Board of Directors (the "Board") effective today.

Key Points: 
  • TORONTO, March 23, 2023 /PRNewswire/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the appointment of Maria Olivia Recart to the Company's Board of Directors (the "Board") effective today.
  • "We are excited to welcome Maria Olivia Recart to the Lundin Mining team and Board," commented Adam Lundin, Chair of Lundin Mining's Board of Directors.
  • Peter Rockandel, CEO, added, "Maria Olivia's extensive knowledge, experience and recognized contributions in Chile make for an ideal addition to our Board.
  • Most recently, Maria Olivia was the Dean of Universidad Santo Tomás from 2019 to 2023, prior to which, she worked at BHP from 2010 to 2018 as Vice President ("VP") Corporate Affairs.

Rio Tinto releases first quarter production results

Retrieved on: 
Tuesday, April 19, 2022
Natural Resources, Manufacturing, Other Manufacturing, Other Natural Resources, Mining, Minerals, Carbon, IOC, Iron Ore Company of Canada, Tax, COVID-19, AGM, Tasmanian Government Railways, Government, Rio Tinto, Kennicott, Fraud, Oyu Tolgoi mine, Workforce, Collective bargaining, Collective agreement, Escondida, Australian Securities and Investments Commission v Rich, Heart, Failure, Copper, RBM, ASIC, Safety, Acquisition, Treaty of friendship and alliance between the Government of Mongolia and Tibet, Rio Tinto (corporation), Richards Bay Minerals, Health, Investment Commission, Disclosure, Queensland Alumina Limited, Bureau Veritas, Iron ore, Lithium, Kitimat, Larix laricina, Turquoise Hill Resources, Bell Bay

Pilbara shipments in the first quarter were 71.5 million tonnes (100% basis), 8% lower than the first quarter of 2021.

Key Points: 
  • Pilbara shipments in the first quarter were 71.5 million tonnes (100% basis), 8% lower than the first quarter of 2021.
  • There is good progress on the initiation of Rio Tinto Safe Production System (RTSPS) at the concentrator.
  • In the first quarter, we initiated seven more deployments of the RTSPS at five sites focusing on sustainably unlocking capacity across the Rio Tinto system.
  • As part of this court approved settlement between ASIC and Rio Tinto, there were no findings of fraud or any systemic or widespread failure by Rio Tinto.

Macquarie Capital Led Consortium Awarded Contract for the Improvement and Operation of the Ruta Minera Road in Chile

Retrieved on: 
Tuesday, April 19, 2022
Professional Services, Mining, Minerals, Finance, Natural Resources, Consulting, Banking, Health, Atacama Desert, Minera Escondida, BHP, Telecommunication, Software, Capital, Macquarie Group, Rio Tinto, Escondida, Technology, Copper, Mining, Investment, View, Infrastructure, Financial services, Iron ore

Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group, announced today that it has led a consortium that has been awarded a contract for the improvement and operation of the Ruta Minera (Build, Operate, Transform), a private industrial road in Chile.

Key Points: 
  • Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group, announced today that it has led a consortium that has been awarded a contract for the improvement and operation of the Ruta Minera (Build, Operate, Transform), a private industrial road in Chile.
  • The 137km road connects the Minera Escondida, the highest producing copper mine in the world, to Ruta 5 highway, a key north-south axis in Chile.
  • Macquarie Capital was joined in the investment by local contractors Besalco S.A. and Arrigoni S.A., which will lead a series of capital improvements, maintain and operate the road in a multiyear agreement.
  • Macquarie Capital acted as exclusive financial advisor for the project structuring and debt financing with local banks.

Rio Tinto releases fourth quarter production results

Retrieved on: 
Monday, January 17, 2022
Mining, Minerals, Natural Resources, Iron Ore Company of Canada, EIA, SEC, Environmental impact assessment, COVID-19, RBM, Richards Bay Minerals, Mining, Oyu Tolgoi mine, Safety, Fatigue, Growth, Lithium, Policy, Government, Heart, IOC, Escondida, Rio Tinto, EFL, Workforce, Risk, Maintenance, Chair, Director, Board, Construction, Iron ore

We are working hard with our partners to achieve the same results at our non-managed assets and marine operations.

Key Points: 
  • We are working hard with our partners to achieve the same results at our non-managed assets and marine operations.
  • In the fourth quarter, we entered into several partnerships to accelerate decarbonising our own business and the value chains we operate in.
  • This year, we initiated the Rio Tinto Safe Production System (RTSPS) at five pilot sites, focusing on sustainably unlocking capacity across the system.
  • All currency figures in this report are US dollars, and comments refer to Rio Tintos share of production, unless otherwise stated.

Rio Tinto releases third quarter production results

Retrieved on: 
Thursday, October 14, 2021
Natural Resources, Other Manufacturing, Manufacturing, Mining, Minerals, Richards Bay Minerals, Government, Jadar, Solution, Tax, Columbia, Komatsu, Oyu Tolgoi mine, Human Resource Management Service of the Government of Serbia, Kennicott, Rio Tinto (corporation), IOC, Sumitomo Corporation, Escondida, RBM, ATO, Caterpillar, Safety, Australian Taxation Office, Copper, Gentlemen's agreement, Iron Ore Company of Canada, COVID-19, Pharmaceutical industry, Iron ore

Our all injury frequency rate (AIFR) of 0.37 has seen an increase versus the third quarter of 2020 (0.35), but an improvement against the prior quarter (0.39).

Key Points: 
  • Our all injury frequency rate (AIFR) of 0.37 has seen an increase versus the third quarter of 2020 (0.35), but an improvement against the prior quarter (0.39).
  • Pilbara shipments in the third quarter were 83.4 million tonnes (100% basis), 9% higher than the prior quarter and 2% higher than the third quarter of 2020.
  • This also resulted in an increase of SP10 production in the third quarter that will continue into the fourth quarter.
  • Aluminium production of 0.8 million tonnes was 3% lower than the third quarter of 2020, due to strike action at the Kitimat smelter.

Two Diamond Drill Rigs Target High-Grade Bornite Zones at Kharmagtai

Retrieved on: 
Tuesday, March 2, 2021
Minerals, Crystallography, Bornite, Science and technology, Drilling rig, Drill, Oil well, Porphyry, Escondida

These two drill holes underway have potential to expand the zone of high density bornite mineralisation at Kharmagtai, which would confirm that Kharmagtai has not only globally significant scale but also the large zones of high-grade characteristic of a Tier 1 copper-gold porphyry deposit.

Key Points: 
  • These two drill holes underway have potential to expand the zone of high density bornite mineralisation at Kharmagtai, which would confirm that Kharmagtai has not only globally significant scale but also the large zones of high-grade characteristic of a Tier 1 copper-gold porphyry deposit.
  • KHDDH559B (see ASX/TSX announcement dated 15 February, 2021, and Figure 1) intersected the largest zone of bornite mineralisation drilled to date at Kharmagtai.
  • In response to the high-grade, gold-rich bornite intercept at KHDDH559B, two diamond drill rigs have commenced follow-up drilling.
  • Drilling continues at Red Mountain with two diamond drill rigs executing a 4,300m drill program to target large scale copper gold porphyry mineralisation.

S&P Global Platts Launches World's First Daily China Clean Copper Concentrate Assessments

Retrieved on: 
Monday, February 1, 2021
Service companies, Chemistry, Physical sciences, Metallurgical processes, Copper extraction, Smelting, S&P Global Platts, Escondida, Copper, S&P Global

The new Platts Clean Copper Concentrate (CCC) assessments will include a daily benchmark value for treatment and refining charges (TC/RC), as well as daily differentials for three leading brands of concentrates from South American copper minesLos Pelambres, Los Bronces and Escondida, delivered into main ports in China.

Key Points: 
  • The new Platts Clean Copper Concentrate (CCC) assessments will include a daily benchmark value for treatment and refining charges (TC/RC), as well as daily differentials for three leading brands of concentrates from South American copper minesLos Pelambres, Los Bronces and Escondida, delivered into main ports in China.
  • These assessed differentials complement and help provide a comparative framework for the Platts Clean Copper Concentrates suite of assessments.
  • Ian Dudden, global pricing director, Metals and Agriculture, S&P Global Platts said: "Alongside recent enhancements to our China copper cathode CIF China price assessments , this exciting launch demonstrates Platts commitment to bringing transparency to the copper supply chain.
  • Against the backdrop of increased spot activity in the copper concentrate market, the new Platts assessments will provide granular, transparent and objective pricing information to buyers and sellers across global copper markets.