Kidd Creek Horne Smelter
San José Xstrata Recycling
Definition of Purpose
Xstrata Copper is committed to
maximising value for Xstrata’s Antamina
shareholders by successfully
Las Bambas Tintaya
growing and managing an
industry-leading portfolio of Collahuasi
copper assets that deliver superior Altonorte
returns. We will achieve this El Morro Minera
in a safe, environmentally and El Pachón Alumbrera
socially responsible way, in open
partnerships between our people,
with communities, governments
and other stakeholders.
Xstrata Copper About Xstrata Copper Commitment to
Strategic Objectives Xstrata Copper is the fourth largest global Sustainable Development
copper producer with operations and projects
in eight countries and an annual attributable As a signatory to the International Council on
Xstrata Copper is focused production capacity of over one million Mining and Metals’ Sustainable Development
principles, Xstrata Copper is committed
on achieving: tonnes. Headquartered in Brisbane, Australia,
Xstrata Copper is one of the commodity to the highest standards of health, safety,
Injury-free, safe work environments business units within the major global environmental and community (HSEC)
diversified mining group Xstrata plc. performance. In line with this commitment,
Recognised leadership in we report publicly on the sustainable
Our operations are administered by five development performance of our operating
environmental performance separate divisions, based close to the mining divisions and projects. Our sustainability
operations, namely the North Queensland, reports are published annually and are
Reputation for social responsibility Minera Alumbrera, North Chile, Southern widely distributed to stakeholders.
Peru and Canada divisions. We also have a They are also available on Xstrata’s
Realisation of the full potential recycling business (Xstrata Recycling) with website (www.xstrata.com).
of our people plants in the United States and offices in
Canada and Asia. Our world-class portfolio ■ Safety and Health
Achievement of the full capacity of six copper development projects provides The safety and health of our employees and
of our physical assets us with the potential to double our annual contractors is paramount to Xstrata Copper.
production through organic growth over We aim to operate with ‘zero harm’ and
Cost competitiveness through the next five years. believe that all work related illnesses and
the cycles This mix of quality producing assets, injuries are preventable.
development projects and a clear strategy To achieve our goal of zero harm, we
Value creation through dynamic geared towards further dynamic, profitable have put in place policies and standards
growth and continuous improvement growth has established Xstrata Copper as to ensure a controlled work environment.
an exciting part of the Xstrata plc Group. Responsible leadership, skills and safety
Effective implementation of common training, risk management systems, safe work
key systems and strategies. procedures, effective investigations, regular
audits, employee health screening and the
continuous measurement and communication
of safety performance are key elements of our
Safety and Health Policy.
2 XSTRATA COPPER CORPORATE PROfIlE
Argentina North Chile
Minera Alumbrera Altonorte
North Queensland Lomas Bayas
Mount Isa Mines Southern Peru
Ernest Henry Mining
Xstrata Recycling Townsville Copper Projects
Penang Frieda River Refinery and Port El Morro
Canada El Pachón
Kidd Mine and Las Bambas
Ernest Henry Mining Antapaccay
Townsville Horne Smelter
Copper Frieda River
Mount Isa Mines Canadian Copper
Copper Refinery (CCR) Tampakan
Operations Xstrata Recycling Joint Venture Operations
Recycling Joint Venture Operations
We require all our contractors to abide by
our stringent safety standards. Our focus
■ Communities Xstrata plc
The Xstrata Group sets aside a minimum
on safety and the effectiveness of our systems of 1% of profit before tax each year to Xstrata is a global diversified mining group, listed
is evidenced by notable improvements in fund Corporate Social Involvement (CSI) on the london and Swiss Stock Exchanges, with
safety and health statistics at our newly programmes to support initiatives that its headquarters in Zug, Switzerland. Xstrata’s
acquired operations. contribute to the prosperity and the businesses maintain a meaningful position in
sustainable development of the communities seven major international commodity markets:
in which we operate. In 2007, Xstrata copper, coking coal, thermal coal, ferrochrome,
Xstrata Copper strives for industry leadership nickel, vanadium and zinc, with additional
set aside USD102 million to support the
in environmental performance and its exposures to platinum group metals, gold, cobalt,
communities which host its operations,
operations and projects are required to meet lead and silver, recycling facilities and a suite of
employees and their families.
and, where practicable, exceed relevant laws, global technology products, many of which are
regulations and standards. At Xstrata Copper, each division or project
industry leaders. The Group’s operations and
develops its own CSI programme according
fundamental to this approach is the setting projects span 18 countries: Argentina, Australia,
to local needs and, in many cases, in
of environmental improvement targets, Brazil, Canada, Chile, Colombia, the Dominican
partnership with local governments and
evaluation of performance against these Republic, Germany, New Caledonia, Norway,
stakeholder groups. Our CSI investments
targets, public reporting of results and Papua New Guinea, Peru, the Philippines, South
focus on the areas of health, education, job
independent auditing of environmental Africa, Spain, Tanzania, the USA and the UK.
creation, enterprise development and social
performance. Energy efficiencies, water Xstrata employs approximately 56,000 people,
and community development.
recycling, biodiversity conservation and including contractors.
emission control are just some of the areas We seek to maintain broad-based ongoing
where we are implementing measures to community support for our activities
improve performance. throughout our operations’ life cycle.
We consult with communities as early
Xstrata Copper is the world’s largest recycler
of copper and precious metal bearing
as possible and establish appropriate Statement
mechanisms for ongoing consultation,
electronic scrap, and we believe that our We will grow and manage a diversified portfolio
feedback and grievance resolution. This
recycling business makes an important of metals and mining businesses with the single
includes fair and equitable processes for
contribution to our sustainable development aim of delivering industry-leading returns for
engagement with indigenous and local
goals. As the use of electronic equipment our shareholders. We can achieve this only
communities including, where relevant,
increases, the volume of electronic waste has through genuine partnerships with employees,
free prior informed consent.
become a serious environmental concern. customers, shareholders, local communities
Xstrata Recycling is helping to provide a and other stakeholders, which are based on
solution by doubling electronic scrap recycling integrity, cooperation, transparency and
capacity at its Horne smelter in Canada. mutual value-creation.
XSTRATA COPPER CORPORATE PROfIlE 3
Xstrata Copper divisions
■ Ernest Henry Mining
Approximately 610 people, including
Annual production capacity:
115,000 tonnes of copper in concentrate; and
120,000 ounces of gold in concentrate.
Annual mining rate:
11 million tonnes of ore from an open pit
Annual plant throughput capacity:
Concentrator: 11 million tonnes of ore.
Haul trucks leaving the Minera Alumbrera open pit mine Mine Planning Engineer, Jade Munari, prepares for her
shift at Mount Isa Mines, Australia Ernest Henry Mining began commercial
production in 1998. The open pit mining
operation produces copper concentrate
Minera Alumbrera North Queensland containing gold which is either trucked to
Mount Isa for smelting or sent to Townsville
■ Bajo de la Alumbrera Xstrata Copper’s North Queensland division
is headquartered in Mount Isa and comprises
Employs: the Mount Isa Mines copper mining and At the end of 2006, a pre-feasibility study
Approximately 2,200 people, including processing operations, Ernest Henry open began to evaluate the start of underground
pit mine, and the Townsville copper refinery mining at Ernest Henry, thus potentially
Annual production capacity: and port operations. The division’s integrated extending the mine life beyond 2010.
180,000 tonnes of copper in concentrate; operations have the capacity to produce Positive pre-feasibility results led to the
550,000 ounces of gold in concentrate; 300,000 tonnes of refined copper per annum. approval, in November 2007, of investment
50,000 ounces of gold dore; and of AUD26 million to construct the first
2,000 tonnes of molybdenum in concentrate. ■ Mount Isa Mines Copper Operations stage of an underground decline that will
Annual mining rate: Employs: facilitate early access to underground ore and
30 million tonnes of ore from an open pit mine. Approximately 2,600 people, including improve the continuity between open cut and
contractors. underground mining.
Annual plant throughput capacity:
Concentrator: 40 million tonnes of ore. Annual production capacity: Construction of the underground decline
190,000 tonnes of copper in concentrate from began in february 2008 and is expected to be
Pipeline: underground mining; and complete in early 2009. A feasibility study to
317 kilometre concentrate slurry pipeline. 300,000 tonnes of copper anode from assess the viability of full scale underground
Port Operations: mining operations began in early 2008 and is
Owned and operated by Minera Alumbrera at Annual mining rate: running in parallel with the development of
Puerto General San Martín, Santa fe province. 6.5 million tonnes of ore from two underground the first stage of the decline.
mines (Enterprise and X41).
Xstrata Copper manages and has a 50% ■ Townsville Copper Refinery
controlling interest in Minera Alumbrera. Annual plant throughput capacity: and Port Operations
Canadian companies Goldcorp and Yamana Concentrator: 7 million tonnes of ore; and
Copper smelter: 1.19 million dry metric tonnes Employs:
Gold own the remaining 50%. Minera
of concentrate feed. Approximately 220 people, including
Alumbrera has its main office at the mine site contractors.
in Catamarca province in northwest Argentina, Mount Isa Mines operates two separate
and support offices in the cities of Tucumán, mining and processing streams – copper and Annual production capacity:
Catamarca and Buenos Aires. zinc-lead-silver – forming one of the largest 300,000 tonnes of copper cathode.
Minera Alumbrera has the right to mine the underground mining operations in the world. The Townsville copper refinery is one of the
Bajo de la Alumbrera copper-gold deposit by The North Queensland division oversees the world’s leading electrolytic copper refineries.
agreement with Yacimientos Mineros de Agua copper mining and processing operations. It produces copper cathode from copper
de Dionisio (YMAD), which has the title to the Through its vision to create a secure future anode produced at the Mount Isa smelter
deposit. YMAD is formed by the government for Mount Isa, Xstrata Copper has invested and other smelters, such as Xstrata Copper’s
of Catamarca province and the National more than USD144 million in new projects Altonorte smelter in Chile. The refinery uses
Tucuman University and is entitled to 20% since 2003. Most recently it has completed Xstrata’s ISA PROCESS technology.
of Minera Alumbrera’s net proceeds. an expansion of the Mount Isa copper In 2005, the refinery underwent a
located at an altitude of 2,600 metres, Bajo smelter which has increased its capacity from AUD3 million capital improvement project to
de la Alumbrera was developed at an initial 240,000 to 300,000 tonnes per annum of convert its fuel source from liquid fuel to coal
capital cost of USD1.3 billion and began copper anode. seam gas. This has improved efficiencies and
commercial production in february 1998. The Enterprise mine is the most recently reduced greenhouse gas emissions. A refinery
Since 2002, a series of low capital cost developed copper ore source at Mount Isa and expansion from 280,000 to 300,000 tonnes
expansions to the concentrator have is Australia’s deepest mine, with an internal per annum of copper cathode was completed
increased plant throughput capacity by shaft which reaches a depth of 1,900 metres. during the second half of 2007.
54% to 40 million tonnes per annum. A pre-feasibility study is currently underway The port operations export copper cathodes
In December 2007, Minera Alumbrera at Mount Isa to evaluate underground mass and mineral concentrates from the North
commissioned a molybdenum plant with mining options. The mass mining studies aim Queensland division and fertiliser for third
production capacity of 2.000 tonnes per to progressively increase the Mount Isa mine party customers through the Townsville Port.
annum of molybdenum in concentrate at hoisting and milling rates to 7 million tonnes In addition to Xstrata Copper product, the
a capital cost of USD16 million. per annum. A full feasibility study is expected port operations also handle concentrates
to start in 2009. from mining operations in the NW Minerals
Province of Queensland.
4 XSTRATA COPPER CORPORATE PROfIlE
Xstrata Copper divisions
The Kidd smelter, one of the world’s cleanest
smelting operations with 98% sulphuric
dioxide emission capture, also has a nickel
recovery circuit. The copper refinery uses
Xstrata Technology’s Kidd Process copper
■ Horne Smelter
Approximately 550 people, including
Annual production capacity:
180,000 tonnes of copper anode; and
Development Miner, Darryl Booth, conducts an 600,000 tonnes of sulphuric acid. Copper cooling vats at the Horne Smelter in Canada
underground mark-up survey at Kidd Mine in Canada
Annual plant throughput capacity:
840,000 tonnes of concentrates and recyclable
Canada materials. The plant is equipped to process anodes
that are high in bismuth, antimony, lead and
The Xstrata Copper Canada division comprises In operation since 1927, the Horne smelter nickel. The refinery’s precious metal slimes
the Kidd mining and metallurgical complex, is located in Rouyn-Noranda, Québec and processing plant obtains feed from internally
the Horne smelter, the Canadian Copper is the largest processor of copper and generated as well as externally purchased
Refinery (CCR) and Xstrata Recycling. The electronic scrap in North America. The slimes. The CCR refinery’s products include
division’s main office is located in Toronto. smelter is a custom copper smelter which copper cathodes, gold, and silver and other
uses both copper concentrates and precious specialty metals and chemicals, including
■ Kidd Mine and Metallurgical Plants metal-bearing recyclable materials as its selenium, tellurium, copper sulphate, nickel
Employs: feedstock to produce a 99.1% copper anode. sulphate and a concentrate of platinum
Approximately 1,350 people, including Copper anodes from the Horne are railed to group metals.
contractors. Xstrata Copper’s CCR refinery in Montreal to
be converted into copper cathodes. ■ Xstrata Recycling
Annual production capacity:
50,000 tonnes copper in concentrate; One of the notable features of the Horne Employs:
135,000 tonnes copper in cathode; smelter is its ability to process a wide-range Approximately 70 people, including contractors.
145,000 tonnes of zinc metal; of feeds, including copper and precious metal 2007 throughput:
Over 3 million ounces silver; and bearing electronic equipment provided by
575,000 tonnes of sulphuric acid. 120,000 tonnes of recyclable materials.
Xstrata Recycling. In 2007, the volume of
Annual mining rate: recycled feeds procured by Xstrata Recycling Xstrata Recycling is the world’s largest
2.7 million tonnes of copper/zinc ore. for processing at the Horne smelter was up by recyclers of metallic copper and electronic
26% to 120,000 tonnes. scrap including printed circuit boards,
Annual plant throughput capacity: processor chips and mobile phones. The
Concentrator: 2.7 million tonnes copper/zinc ore ■ Canadian Copper Refinery (CCR) business operates two sampling and recovery
and 0.9 million tonnes nickel ore;
Employs: plants focused on electronics recycling in San
Copper smelter: 455,000 tonnes of feed; and
Zinc plant: 285,000 tonnes of feed. Approximately 590 people, including Jose, California; and East Providence, Rhode
contractors. Island. These two plants sample high value
In operation since 1965, the Kidd mining and electronic scrap materials. Commercial offices
metallurgical operations in Timmins, Ontario, Annual production capacity:
375,000 tonnes of copper cathode; and are maintained in Toronto, Ontario; East
produce copper, zinc, indium, cadmium, Providence, Rhode Island; San Jose, California;
Precious metals: approximately 30 million
silver bearing refinery slimes, copper-nickel ounces of silver and 1 million ounces of gold Zug, Switzerland; and Penang, Malaysia.
carbonate, liquid sulphur dioxide and (depending on slimes).
The Malaysia office sources copper and
The CCR refinery, located in Montreal, precious metal-bearing scrap streams from
The Kidd Mine is focused on developing and Quebec, processes anodes from three electronics manufacturers in Asia, which are
sustaining economic mining plans for the principal suppliers – Horne smelter, Altonorte shipped to recycling facilities in California and
Kidd Creek orebody, which is currently mined smelter and CVRD Inco’s Sudbury operations Rhode Island for sampling, then sent as feed
through two separate shafts known as No. 2 – and has been in operation since 1931. to the Horne smelter in Canada.
and No. 4. Production operations reached a
In January 2008, Xstrata Recycling announced
depth of 8,800 feet (2,725m) in 2007, making
plans to double electronic scrap recycling
the operation the deepest base metal mine
capacity at the Horne smelter, providing
in the world.
the smelter with the capacity to receive and
The Kidd metallurgical site, located process 100,000 tonnes per year of electronic
27 kilometres from the mine, processes scrap, thus contributing to the solution for
both company-sourced and purchased feeds. the growing environmental concern of
Currently approximately 50% of its feed is electronic waste.
acquired from third parties. The metallurgical
site consists of a concentrator processing
the copper-zinc ore from the Kidd Mine and
the copper-nickel ore from Xstrata Nickel’s
Montcalm Mine. It also has a copper smelter
and refinery, a zinc plant, and cadmium,
indium and sulphuric acid by-product plants.
Stock piles of recyclable materials are converted into
copper anode at the Horne Smelter in Canada
XSTRATA COPPER CORPORATE PROfIlE 5
Xstrata Copper divisions
A series of environmental upgrades, including
the installation of a new acid plant, will initially
increase sulphide dioxide emissions capture The Southern Peru division was formed in
from 93.5% to 95%, and then to 98% by November 2007 and comprises the Tintaya
2010, converting Altonorte into one of the copper mine in Cusco Region, the nearby
world’s leading metallurgical facilities. Antapaccay development project, and the
las Bambas development project in
■ Lomas Bayas Mine neighbouring Apurimac Region. The Southern
Employs: Peru division is also responsible for managing
Approximately 1,160 people, including Xstrata Copper’s 33.75% interest in the
contractors. copper operations at the Antamina Joint
Annual production capacity: Venture. The division’s headquarters are in
70,000 tonnes of copper in cathode. the city of Arequipa, close to operations.
Casting wheel operator, Aníbal Contreras, at Altonorte
metallurgical facility in Antofagasta, Chile Annual mining rate: ■ Tintaya Mine
49.2 million tonnes of material from one open
Approximately 1,300 people, including
North Chile Annual crushing capacity: contractors.
Xstrata Copper’s North Chile division 14 million tonnes of ore.
Annual production capacity:
comprises the Altonorte metallurgical facility 85,000 tonnes of copper in concentrate;
and the lomas Bayas open pit mine in 35,000 tonnes of copper cathode; and
northern Chile’s Antofagasta Region. The 25,000 ounces of gold in concentrate.
North Chile division also manages Xstrata’s Annual mining rate:
44% interest in the Collahuasi Joint Venture 11 million tonnes of ore from an open pit mine.
in northern Chile’s Tarapacá Region. The
division’s main office is in the port of Annual plant throughput capacity:
Antofagasta, close to the operations. Concentrator: 6.8 million tonnes of ore; and
leaching-SX/EW plant: 3.6 million tonnes of ore.
■ Altonorte metallurgical facility The Tintaya open pit mine is located at
Employs: 4,100 metres above sea level in the Yauri
Approximately 1,000 people including district of Espinar Province in southern
contractors. Peru’s Cusco Region. The orebody presents
Annual production capacity: both copper sulphide and copper
290,000 tonnes anode copper; oxide mineralisation.
11 million pounds of molybdenum; and The copper sulphides are treated in a
800,000 tonnes of sulphuric acid.
conventional crushing, grinding and flotation
Annual plant throughput capacity: plant to produce copper in concentrates.
900,000 tonnes of copper concentrate; and Haul trucks undergo routine maintenance inspections The copper oxides are treated in a combined
14,000 tonnes of molybdenum concentrate. at Lomas Bayas mine
heap/agitation leaching process followed by
solvent extraction/electrowinning (SX/EW)
The Altonorte custom metallurgical facility
located in the Atacama Desert, 120 kilometres to produce copper cathodes. Both copper
is located near the port of Antofagasta in
from the port of Antofagasta in northern concentrates and copper cathode products
the world’s largest copper-producing region.
Chile, lomas Bayas open pit copper mine are trucked 370 kilometres to Matarani port
The world’s tenth largest copper smelter, the
is one of the world’s lowest-grade copper in Arequipa department, and then shipped
metallurgical facility also produces sulphuric
operations with average grades in 2007 of to worldwide customers.
acid and molybdenum oxides from its
0.27% soluble copper.
molybdenum concentrate roasting plant. Information about Antapaccay and las Bambas
In early 2008 a smelter dust treatment The oxide copper ores of lomas Bayas projects can be found in the Xstrata Copper
plant was commissioned. are fast leaching and low acid consuming. Projects section (page 7).
Higher grade ore is crushed and leached in
A USD89 million expansion is underway to
heaps. low grade ore is sent directly from
increase the smelter’s annual production
the mine to dump leach. Copper is recovered
capacity by almost one third to 380,000
from solution by solvent extraction and
tonnes of copper anodes and 1.1 million
electro-plated into high quality cathodes.
tonnes of sulphuric acid by 2009. In addition,
Cathodes are transported to Antofagasta
a feasibility study has started into the
and shipped to final customers.
installation of a molybdenum leaching plant
and the refurbishment of an idle roasting An expansion to 75,000 tonnes of copper
plant to double molybdenum concentrate cathodes per annum will be completed in the
roasting capacity. second half of 2008, requiring investment of
USD70 million. The lomas Bayas mine life has
been extended by eight years to 2020 by the
incorporation of the nearby lomas II deposit
(formerly known as fortuna de Cobre) into
the mine plan.
The Tintaya Foundation supports local Ilama breeders
through its corporate social involvement program
6 XSTRATA COPPER CORPORATE PROfIlE
Xstrata Copper projects
■ Las Bambas, Peru
In August 2004, Xstrata was granted up to six
years to complete exploration and feasibility
work at the las Bambas copper project in
Peru’s Cotabambas and Grau Provinces,
during which time Xstrata may exercise the
option to develop the mining concessions into
a mining project.
Exploration at las Bambas commenced in
March 2005 following extensive consultation
with local communities. By the end of 2007,
an accumulated total of 241,000 metres
Geological samples at El Morro project, Chile of resource drilling had been completed
on the project. In March 2008 Xstrata
Copper published a 19% increase to Mineral
Resources at las Bambas of 860 million
Xstrata Copper projects tonnes at a grade of 0.93% copper and
0.02% molybdenum, using a 0.4% copper
■ El Morro, Chile cut-off grade. The project is at the pre-
The El Morro copper-gold exploration project feasibility stage. Geology student, Titus Saiwa, and geologist,
Misel Paulus, examine core samples at Frieda River,
in Chile is a joint venture between Xstrata Of Xstrata’s payments to the Peruvian Papua New Guinea
Copper (70%) and Metallica Resources Government to secure the project, an initial
limited (30%). The project consists of two USD45.5 million was allocated to a trust fund
porphyry systems on the property – the for the benefit of communities in Cotabambas ■ Frieda River, Papua New Guinea
El Morro and la fortuna deposits. and Grau Provinces. This funds health,
education, infrastructure and sustainable In January 2007, Xstrata Copper exercised an
A feasibility study was conducted in 2007
development projects in the local area and option to obtain a 73.7% interest in the high
based on a mineable resource of 487 million
is in addition to Xstrata Copper’s Corporate grade frieda River copper-gold project in a
tonnes of ore grading 0.56% copper and
Social Involvement programme at las Bambas. joint venture with Highlands Pacific limited
0.44% gold at the la fortuna deposit.
(16.4%) and Japan’s OMRD (9.9%). Xstrata
The feasibility study, completed in January
Copper subsequently assumed management
2008, outlined initial capital investment of
control and completed a scoping study,
USD2.5 billion to construct an operation that
including metallurgical studies, infrastructure
would produce 195,000 tonnes of copper
definition and exploration.
and 355,000 ounces of gold per annum
over the first five years. The current work programme includes further
drilling to improve the confidence categories
■ Energía Austral, Chile in the resource inventory, further metallurgical
Energía Austral is an electricity generation testing, environmental baseline studies and
project located in the Aysén Region of consultation with local communities.
southern Chile with the potential to generate ■ Tampakan, Philippines
more than 1,000 MW. A feasibility study is
being conducted into the construction of On 30 March 2007, Xstrata Copper assumed
three hydroelectric dams at Río Cuervo, Rio management control of the Tampakan
Blanco and lago Condor. Energía Austral project through its Philippine-based affiliate
expects to submit an environmental impact Sagittarius Mines, Inc (SMI) after exercising its
The Tierra de Niños centre in Fuerabamba is one
study for the initial Río Cuervo hydroelectric of the community initiatives supported by the option in December 2006 to acquire 62.5%
dam in the second half of 2008. Las Bambas project of the controlling interest in the project.
Activities in 2007 focused on integrating
■ El Pachón, Argentina
■ Antapaccay, Peru SMI into the Xstrata Copper organisation,
El Pachón is a bi-national copper project strengthening community development and
located in northwest Argentina’s San Juan A positive pre-feasibility study into the stand-
stakeholder engagement programmes, and
Province, five kilometres from the Chilean alone development of the Antapaccay project,
completing additional technical studies to
border. A feasibility study was completed by located less than 10 kilometres from Tintaya,
supplement previous pre-feasibility work
previous owners in 1998. was completed in 2007. The pre-feasibility
undertaken by Indophil Resources.
work, which included 40,000 metres
In March 2008, Xstrata Copper published of infill drilling, has led to an updated In December 2007, Xstrata Copper published
its first Mineral Resource estimate for Mineral Resource estimate for Antapaccay a new Measured, Indicated and Inferred
El Pachón of 980 million tonnes at grades of 520 million tonnes at a grade of 0.72% Resource estimate for Tampakan of 2.2 billion
of 0.58% copper and 0.016% molybdenum copper and minor gold values, using a 0.4% tonnes at a grade of 0.6% copper, 0.2 grams
in the Measured, Indicated and Inferred copper cut-off grade. per tonne gold and 0.007% molybdenum
categories, using a 0.3% copper cut-off using a 0.3% copper cut-off grade.
grade. Recent work has focused on A final feasibility study into the development
re-evaluating previous studies through of Antapaccay is expected to be completed
the completion of a pre-feasibility study in 2008 along with a potential decision
in 2007–08. regarding its construction.
XSTRATA COPPER CORPORATE PROfIlE 7
Joint Venture Operations
Collahuasi’s, Lucio Condori, inspects plants for Water monitoring at Antamina Ore is transported by conveyor belt at Collahuasi Mine
environmental rehabilitation projects in Tarapacá
Joint Venture Operations Xstrata Copper is represented on the Board
and Executive Committee of Collahuasi.
Annual mining rate:
36 million tonnes of copper-zinc ore from
open pit mine.
■ Collahuasi Mine (on a 100% basis) The operation is located at altitudes of 4,000
metres to 4,600 metres above sea level Annual plant throughput capacity:
and consists of two major porphyry copper 32.5 million tonnes of ore.
Approximately 4,500 people, including
contractors. deposits – Ujina and the Rosario cluster – and
the smaller Huinquintipa deposit, containing 300 kilometre concentrate slurry pipeline
Annual production capacity: a mixture of sulphide and oxide copper to port.
490,000 tonnes of copper in concentrate;
mineralisation. The sulphide ore is processed
50,000 tonnes of copper in cathode; and Port Operations:
4,500 tonnes molybdenum oxides. in the concentrator plant to produce copper
in concentrates and the oxide ore is leached Owns and operates Puerto lobitos at Huarmey.
Annual mining rate: and processed in the SX/EW plant to produce The world’s fourth largest zinc and ninth
65 million tonnes of ore from three open pits: copper cathodes. In late 2005, Collahuasi largest copper mine, Antamina is located in
Ujina, Rosario and Huinquintipa.
completed construction of a molybdenum the Andes in northern Peru’s Ancash Region
Annual plant throughput capacity: plant at its port facilities in Punta Patache. at an elevation of 4,300 metres. It is operated
Concentrator: 49 million tonnes of ore; and One of the world’s largest copper resources, by a joint venture company, Compañía Minera
leaching-SX/EW process: 6.5 million tonnes Antamina S.A. The joint venture partners
in January 2008 Collahuasi announced an
increase to its total Mineral Resource of 28% are Xstrata (33.75%), BHP Billiton (33.75%),
Pipeline: to 5.19 billion tonnes at an average grade of Teck-Cominco limited (22.5%) and Mitsubishi
203 kilometre pipeline to molybdenum plant 0.83% copper. This significant resource will Corporation (10%). Xstrata Copper and
and port facilities at Punta Patache. support the business strategy to more than Xstrata Zinc are represented on the Board and
double annual production to over 1 million Advisory Committee of the company.
The port facilities at Punta Patache are owned tonnes of copper progressively by 2014. The Antamina open pit mine began
and operated by Collahuasi. operations in 2001 for investment of over
■ Antamina Mine (on a 100% basis)
USD2.2 billion, the largest mining investment
The giant Collahuasi open pit operation, the Employs: in Peru’s history. The operation’s concentrator
world’s fifth largest copper mine, is located Approximately 1,400 people, including is considered to be the world’s largest
on the Andean plateau of northern Chile’s contractors.
polymetallic processing plant, treating copper,
Tarapacá Region. The mine is operated by
Annual production capacity: zinc, molybdenum, silver and lead ores.
a joint venture company, Compañía Minera
360,000 tonnes of copper in concentrate Antamina has an expected mine life of
Dona Inés de Collahuasi SCM. The joint
(average for the last three years);
venture partners are Xstrata (44%), Anglo over 15 years.
250,000 tonnes of zinc in concentrate; and
American (44%), and a group of Japanese 7,000 tonnes of molybdenum in concentrate.
companies headed by Mitsui & Co. ltd (12%).
Xstrata Queensland Limited ABN 69 009 814 019
Xstrata Copper Head Office level 9 Riverside Centre 123 Eagle Street GPO Box 1433 Brisbane Queensland Australia 4001 Tel +61 7 3295 7500 fax +61 7 3295 7640
Xstrata Copper Chile Mariano Sánchez fontecilla 310 Piso 4 las Condes Santiago Chile Tel +56 2 478 2200 fax +56 2 478 2299
Xstrata Copper Argentina Av. leandro N. Alem 853 – 22° C1001AAD Buenos Aires Argentina Tel +54 11 4316 8300 fax +541 1 4316 8390
Xstrata Copper Peru Monte Rosa 271 Of. 7B Centro Empresarial Urbanización Chacarilla del Estanque Surco lima Peru Tel +511 372 2223 fax +511 217 1111
Xstrata Copper Canada first Canadian Place 100 King St West Suite 7200 P.O. Box 405 Toronto ON M5X 1E3 Tel +1 416 775 1200 fax +1 416 775 1290