BHP Billiton invest $2.6 billion in Escondida copper expansion

BHP Billiton to invest $2.6 billion in Escondida copper expansion

11:38 PM, 13th February 2012
BHP Billiton to invest $2.6 billion in Escondida copper expansion

MELBOURNE, AUSTRALIA: BHP Billiton approved a total investment of $2.6 billion in two projects that will underpin higher production at Escondida over the next decade. Organic Growth Project 1 (OGP1) will replace the Los Colorados concentrator with a new 152,000 tonne per day (tpd) plant and allow access to higher grade ore located underneath the existing facilities. Construction will begin in February 2012 with commissioning anticipated the first half of 2015. The project will cost $3.8 billion and is expected to create up to 7,000 jobs during the construction phase.

BHP Billiton also approved the Oxide Leach Area Project (OLAP) which creates a new dynamic leaching pad and mineral handling system that will include several overland conveyers. OLAP is expected to cost $721 million with commissioning anticipated in the middle of 2014. Approximately 2,500 jobs will be created during the construction phase. “We expect the completion of the current Escondida Ore Access and Laguna Seca debottlenecking projects, and a strong recovery in ore grades, to support a substantial recovery in Escondida copper production to over 1.3 million tonne per annum in 2015,” said Peter Beaven, President, BHP Billiton Base Metals.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BHP Billiton to restart mining at Pinto Valley

MELBOURNE, AUSTRALIA: BHP Billiton is to restart mining at its Pinto Valley operation in Arizona, US. The mine, which will produce copper and molybden ...

Read more
Enterprise to expand ECHO crude oil storage facility

HOUSTON, US: Enterprise Products Partners LP announced that it has purchased a 37-acre tract of land adjacent to its Enterprise Crude Houston (ECHO) c ...

Read more
Lanxess to expand cresol production at Leverkusen

LEVERKUSEN, GERMANY: Lanxess is expanding cresol production at the Leverkusen site. It plans to further increase capacity for this high-quality interm ...

Read more
QP, Qapco JV for petrochemical complex at Ras Laffan

DOHA, QATAR: Qatar Petroleum and Qatar Petrochemical Co (QAPCO) will build a $5 billion petrochemical complex in the Gulf Arab state. The plant, to be ...

Read more
Development of filtration membranes enabling oil purification

SENGEN, JAPAN: A team of researchers in the Separation Functional Materials Group of the Polymer Materials Unit, National Institute for Materials Scie ...

Read more
Development of nanomaterial for removal of toxic arsenic in drinking water

SENGEN, JAPAN: Professor Dr Sherif El-Safty, Principal Researcher, Materials Recycling Design Group, National Institute for Materials Science develope ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X