Pacheco Reveals Up to 75% Overage Costs and Codelco Project Diario Financiero
Codelco’s production decline of 162,000 tonnes below budget in 2022 and 172,000 tonnes below the level reached in 2021 had several causes, but one of the most influential was the excessive cost of structural projects. Yes, it is Caso de Nuevo Nivel Mina de El Teniente llegó a 75% y en Chuquicamata Subterranea, a 53%.
This was noted by Máximo Pacheco, President of the General Directorate of Enterprises, and the conference “Codelco, Present Future” organized by the University of Engineers and the think tank “Voses Mineras”. The former energy minister said, “nada aquí pasa de un día para otro. Lo que sucede hoy son decision que tomamos hace 10 y 20 anos”.
“Nada aquí pasa de un día para otro. Lo que sucede hoy son decision que tomamos hace 10 y 20 años”said Pacheco.
Enfatizó que “al postergar la decisión de invertir, enfrontamos de manera simultaneo cuatro megaproyectos en construction” por lo que “Portfolio size means additional risk”.
Pacheco noted that operational continuity issues accounted for 77% of Codelco’s low volume production, with the remaining 23% due to backlog and structural projects. “Hemos tenido un año extraordinariamente contecido,” declared the executive, detailing various issues, como la caida de una pared del rajo, Ministro Hales, el collapso del domo y la correa transportatora en Chuquicamata, climactic events and much more.
Project by Sobrecostos
And Nuevo Nivel Mina el Teniente, which began construction in 2011 and was rebuilt by Geomechanicas who met Faena’s requirements. In 2017, a new coherent strategy and his three projects for spreading risk at different levels were approved. Andes Norte (a la cota del proyecto original), Diamante y Andesita (a una cota más arriba).
Execution of a portfolio of these projects has 70% physical progress to date, with the start of production delayed by a year. In total, this delays him for three years and completes a definitive system for processing Andes Norte materials. Detaro Pacheco. Elle’s global investment in Teniente is 75% of its cost of US$5.6 billion.
For Chuquicamata Subterránea, which considered a US$6.2 million investment, Capex included a 53% increase in costs for mines and pandemics.
Pacheco precisó que el desarrollo de la minería subterranea en el norte tuvo otro escollo: la baja disponibilità de personal calificado. Today, the main challenge of the Chuquicamata subterranean is the stage to achieve a mining regime of 140 million tons per day. a dramatic and sustainable increase in production.
and Traspaso Andina, el crecimiento del rajo general la necesidad de reubicar en la quota 3,500 la infrastructure de chancado, construida hace más de 50 years. Cordillera Infrastructure Project,” said the directory’s president. The initiative is in the final stages of operationalization and the asset should be fully operational in 2023. The projected investment is US$1.7 billion for him, 21% more than the original budget.
And Rajo Inca, que extiende la vida de Salvador en 47 años, habido “una mala performance de los contratistas” said Pacheco. With his US$1.4 million investment currently under review, the project has achieved 43% of his physical progress and has seen a very impactful impact due to the impact of the pandemic and problems with his supply chain. rice field.
“This project has a 16-month delay, related to our original budget, and we hope to start production in the first semester of 2024.
Litio: Estatal Invertira $23 million
and Marikunga Shiobara
Codelco has joined exploration and El Salá de Maricunga to develop lithium production at the end of 2020. Según explicó Pacheco, las perforaciones han tenido resultados muy positivos en profundidad y concentración del minerals.Codelco has spent more than $10 million on drilling, preventing a total investment of $23 million.
“Maricunga occupies about 10% of the Atacama salt flats, and in my opinion there is no space for a large number of actors and exploitation of lithium. CEOL (Contrato Especial de Operación de Litio) que tenemos aprobado y los buenos resultados Given the de nuestras exploraciones, Por eso hemos manifestado nuestro interes. Estamos is an optimist and respects the position of Codelco en Maricunga, ”he stressed. tengan los resultados definitiveos, la empresa definirá el modelo de negocio, precisó Pacheco.
Senado Approves Seth
De Fundicion Ventanas
This Tuesday, the Senate voted 34 in favor and 1 abstention to approve a project that would allow the closure of the Ventanus Foundation. The process will cost him US$25 million for Codelco, said Senator Juan Antonio Coloma (UDI). .
Pese a este cese, Pacheco planteó que Codelco tieene el desafio de aumentar la capacidad defoundición de concentros. “The necessary recovery is necessary to reach full potential and compete in productivity,” said the state director general. I’m here.
“As a country and as a mining sector, two-thirds of copper exports are sold as concentrates, a proportion that will rise to 78% in 2035, thus solving the problem of new foundries in Chile. We have to,” Pacheco said, adding que esta situación conlleva un impacto the enormity of the environment.
