Overview
Our strategy for our copper business is to find or acquire, develop and operate long life, low cost mines in a socially and environmentally responsible manner.
Employee at work in the repair bay at Mantoverde copper mine, Chile
In Chile we have interests in six copper operations. These operations consist of the wholly-owned Los Bronces, El Soldado, Mantos Blancos and Mantoverde mines, the Chagres smelter and a 44% interest in the Collahuasi mine. The mines also produce associated by-products such as molybdenum and silver.
We also have controlling interests in the Quellaveco and Michiquillay copper projects in Peru and a 50% interest in the Pebble project in Alaska.
Significant future growth will come from approved expansions at Los Bronces, while studies are at an advanced stage into further growth potential at Quellaveco in Peru and Collahuasi in Chile.
We continue to evaluate the potential and development options for the resources acquired in 2007 at Michiquillay in Peru and Pebble in Alaska.
In August 2009, we announced the discoveries of two high-quality copper prospects at Los Sulfatos and San Enrique Monolito in Chile. Both of these provide further significant and high- quality development options around the current Los Bronces operation.
