Chile’s state copper miner Codelco said on Monday it had awarded a tender for a desalination plant for its Chuquicamata, Radomiro Tomic and Ministro Hales mines to a consortium led by Japan’s Marubeni Corp.
Codelco said that it expected work on the plant to kick off in the first quarter of 2020 and for the plant to be operational in 2022.
The consortium is made up of Marubeni with a 50% stake, and Chilean power transmitting firm Transelec and Argentine-Italian steel company Techint. The project has an initial capacity of 840 litres per second.
Codelco launched an international tender for the plant, with an estimated investment of around $1 billion, in 2017. It is part of a widespread overhaul of its mines to counteract a fall in ore grades.
Ecuador is moving forward with plans to move from an explorers hotspot to mining exporter as the country’s only large-scale copper mine readies to ship its first large cargo in November.
Chile’s Codelco, the world’s largest copper producer, said on Monday that it is evaluating the closure of its Ventanas copper smelter in a polluted coastal region.
In 2017, the world’s largest copper producer — Chile’s Codelco — announced a plan to sell “green copper” at a premium price to customers using more sustainable practices like renewable energy and recycled water to cut its carbon footprint.
Chile’s Codelco, the world’s largest copper producer, has signed a 10-year loan agreement with Export Development Canada, the country’s export credit agency, which will allow the state-owned miner to access $300 million to finance an ambitious overhaul of its aging mines.
Chilean lawmakers have unanimously approved changes to a law that forces state-own Codelco, the world’s largest copper producer, to transfer 10% of its annual export sales to the country’s armed forces.
Relations between the Zambian government and its copper mining sector have just taken a turn for the worse.