LHS Rock Tools

Latest developments

30

2021

-

12

China's largest world-class porphyry copper mine has been officially put into operation, with an annual output of more than 600000 tons of copper. What is the world's largest porphyry copper mine?

On December 27, according to the announcement of Zijin Mining, its first-phase beneficiation system of China's largest world-class porphyry copper mine, the dragon copper mine, was officially put into production, successfully achieving the overall goal of being completed and put into operation by the end of 2021. According to reports, after the first phase of the drive dragon copper mine is put into operation, together with the output of the known copper mine, the dragon copper industry is expected to produce 12-130000 tons of copper in 2022. The first phase of the project will produce about 160000 tons of copper per year after delivery.

1 2 Month2 7 day,According to Zijin Mining's announcement, its largest world-class porphyry copper mine in ChinaQulong Copper MineMineral Processing System of Phase I Project Formally put into production ,smooth realization The overall target of completion and commissioning by the end of 2021. according to reports, After the first phase of the drive dragon copper mine was put into operation, together with the output of the knowledge of the copper mine, the dragon copper industryIt is expected to produce 12-130000 tons of copper in 2022, and the first phase of the project will produce about 160000 tons of copper per year.
 

   
In June 2020, Zijin Mining acquired a 50.1 percent stake in Julong Copper for approximately $3.88 billion billion, Intake and Dominant Operation . Julong Copper has three mineral rights, namely, Qulong Copper Polymetallic Mine, Rongmu Cuola Copper Mine and Zhibula Copper Polymetallic Mine, and records the amount of copper metal. 10.72 million tons, associated with the amount of molybdenum metal 570000 tons. Among them, Qulong Copper Polymetallic Mine and Rongmu Cuola Copper Mine are the same ore body and are currently applying for the merger of mineral rights. After the merger, the name of the mine will be renamed Julong Copper Mine, which is the largest world-class porphyry copper mine in China.
 
At present, Julong Copper focuses on the comprehensive development and utilization of low-grade resources. The company plans to implement the second and third phases of the project in stages. If the project is approved, Finally, the amount of ore mined per year can be about 0.2 billion tons,Annual copper metal production exceeds600000 tons of scale .
 
In the era of the global copper oligarch discourse more and more heavy. The production of Julong Copper has undoubtedly injected the protection of China's copper resources."A cardiotonic".
 

1. production ranks among the world's top three

 

According to overseas websites Kitco statistics, 2020 the world's top ten copper minerals copper 5.016 million tons, its production accounted for about 25% of the world's total output, an increase of 3 percentage points over last year, the global copper supply is increasingly concentrated. . Among them, Chile Escone The Escondida copper mineral is 1.156 million tons of copper, which is the world's largest copper-producing mine and the only copper mine in the world with an output of more than one million tons. The copper output of this mine is about 6% of the global copper output. The Mine Opened in 1990, it is controlled and managed by BHP Billiton (57.5 percent), with Rio Tinto (30 percent) and Japan Escondida (12.5 percent) as other co-owners.  
 

 
Collahuasi copper mine is the second largest copper mine in Chile and worldwide, 2 020 Year copper production629000 tons, jointly owned by Anglo American (44%), Glencore (44%) and Japan's Mitsui Group (12%). Most of the copper concentrates produced by Collahuasi copper mines are sold to Chinese smelters for further refining.
Ranked third Morenci is the largest copper mine in North America. , by free port(Freeport) and Sumitomo (Sumitomo) are jointly owned.
 
If2 020 Annual production calculation, dragon copper production will exceed Morenci copper mine , among the top three in the world, from a dynamic point of view, the world's top ten copper mines areThe "old mine", which has been developed and operated for many years, is faced with many reasons, such as grade decline, resource depletion, open-air conversion to underground, and so on. The output increment is effective, and Julong copper industry is "promising".  
 
Important Guarantee of Copper Resources in China
 

 

 

From In terms of equity in the world's top ten copper mines in 2020, The world's top ten copper mines have almost been carved up by Chile's National Copper Corporation, Glencore, BHP Billiton, Freeport and the Japanese consortium.
 
Chile's national copper company has a ranking.4 ElTeniente copper mines and ranked 6 Chuquicamata copper mine ; Glencore has Rankings44% interest in Collahuasi Copper Mine of 2 and 33.75% interest in Antamina of 8 ; BHP Billiton owns The world's largest copper mineEscondida copper mine (57.5 per cent) and No. 8 Antamina copper mine (33.75 per cent) ; Freeport owns Ranked No.3 Morenci Copper Mine, 9th CerroVerde Copper Mine and 10th Grasberg copper mine .
 
It is worth noting that in the world's top ten copper mines, Japanese zaibatsu shares 5 seats, respectively:
 
Ranked No. 1 of the Escone Escondida Copper Mine (12.5 per cent interest);
 
Ranked No. 2 of the Koyavasi Collahuasi copper mine (12% interest);
 
Ranked No. 3 of the Moranche Morenci copper mine (interest unknown);
 
Ranked No. 8 of the Antamina Antamina Copper Mine (10% interest);
 
Ranked No. 9 of the Cyroverde CerroVerde Copper Mine (21% interest).
 
China has no copper mines on the list, which Peru under Minmetals ResourcesLas Bambas copper mine In In 2019, it ranked 8th in the world with a production capacity of 383000 tons, and it is also the only Chinese copper mine in the world's top ten. But in 2020, by local environmentalists blocked the road, copper transport channels blocked, out of the world's top 10. 2 021 At the end of the year, Las Bambas copper mine Shut down, make people sad.
 
In the future, Zijin Mining's Kamoa Copper Mine, Julong Copper Mine and Minmetals Resources of Las Bambas copper mine , the troika escort, China's copper resources pricing power will be greatly improved.  
 

 
New energy demand boost, but also to be wary of disorderly expansion
 
In the post-epidemic era, major mining companies have improved from the epidemic, and copper production has increased significantly compared to last year. And since this year's copper prices continued to rise and hit a historical high, the major miners have stepped up the pace of active production, the mine side to solve various events faster than in previous years, copper concentrate production continued to increase.
 
in the last two years, Global Copper Concentrate Although in a tight balance pattern, But domestic demand in addition to the electronics industry, new energy and other fields, there is no obvious bright spot. Copper prices may move down with the easing of copper mine shipments and the gradual release of new expansion capacity.
 
Compared to the same Zijin Mining Kamoa copper mine, Julong Copper has a poorer resource endowment and higher costs, and if copper prices fall sharply, or face cost pressures, Kamoa and Julong Copper at home and abroad"Two legs" walk, Zijin Mining or can be alone.  

* Source Mining Sink

Previous article

In-depth inventory: 2021 the world's top ten mining policies.

Next

Global coal demand will reach 8.025 billion tons in 2022, a record high!?

Previous article

In-depth inventory: 2021 the world's top ten mining policies.

Next

Global coal demand will reach 8.025 billion tons in 2022, a record high!?

RELATED INFORMATION

Lure of Anglo’s copper mines could test BHP’s spending resolve

2025-02-22

Copper giant Peru foresees another production plateau in 2025

2025-02-14

Iron ore price weakens as Australia flags return to sub-$100 prices

2025-02-06

Uranium spot prices to climb in ‘staircase’ pattern, Sprott forecasts

2025-01-27

Tertiary completes inaugural drilling on Mushima North copper target

2025-01-16

Arc identifies priority target for drilling in Zambian JV

2025-01-12

Pay attention to lotus mountain drilling tools:

Facebook Linkedin Twitter Tumblr Pinterest