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Major projects

We are expanding our existing copper operations in Chile and aim to develop and operate long life, low cost mines in a socially and environmentally responsible manner.

Michiquillay (unapproved) Overall capex: TBD
Country Peru
Ownership 100%
Total production of mine
when project ramps up to
full production

220,000 tonnes
per annum of copper(a)

First production TBD

Michiquillay was acquired in 2007 in a government privatisation. Early stage work continues. The drilling relating to the geological exploration programme has recommenced after completion of discussions with the local communities. The concept level for the Michiquillay project has been completed and is under review.

(a) Expansion potential to 300 ktpa.

Quellaveco (unapproved) Overall capex: TBD
Country Peru
Ownership 81.9%
Total production of mine
when project ramps up to
full production (100% basis)
up to 225,000 tonnes
per annum of copper
Full production TBD

The greenfield Quellaveco project is located in Southern Peru at 3,500 masl. In 2012 the project received three critical permits and Anglo American is targeting submission to its Board for approval in 2013, with potential start up in 2016. Production is forecast at 225 ktpa of copper, with molybdenum and silver by-products. Once at full capacity, the operation is expected to be in the lower half of the cost curve.

Collahuasi expansion Phase 2 Overall capex: $<1bn
Country Chile
Ownership 44%
Incremental production 20,000 tonnes per annum of copper
Full project capex (100% basis) $<1bn
First production TBD  

The Collahuasi mine in Northern Chile is located at 4,400 metres above sea level (masl). The phase 2 expansion project to increase sulphide processing capacity to 160 kt per day was approved in March 2011. This project has been reduced in scope pending restoring operational stability of current operations.

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