Two of the biggest mining firms in the world, Rio Tinto PLC and BHP Billiton Ltd are teaming up to invest over USD 4 billion to boost their copper output, according to their announcement on Tuesday.
Rio and BHP have staked their investment on a high copper demand worldwide as they approve plans for USD 4.5 billion expansion of their Escondida mine in Chile. BHP is even reopening their copper mine that has been out of commission since 2009 due to the global fiscal crisis.
The mining site that will produce molybdenum concentrate and copper is expected to have a yearly production of around 60,000 tonnes. Moreover, BHP expects that this resumption of operations will provide for 650 new jobs.
Majority of the money is set to be invested in the Escondida operation located in the southeastern part of Antofagasta, Chile. In addition to this, BHP is also planning to resume its operations at the Pinto Valley in Arizona before the year ends.
The recovery in ore grades combined with current work at Escondida should aid them in their target production of over 1.3 million metric tonnes by 2015. This is exclusive of the 60,000 tonnes of copper concentrate that the Pinto Valley is capable of producing yearly, according to BHP.
Last year, operations at Escondida was distracted by labor strikes and lower grade ores but Rio and BHP announced that output is anticipated to increase from 2013 due to the higher grade ore in the main pit.
Escondida is a joint venture between Rio and BHP with a total stake of over 87%. Almost 8% of the total world production comes from it.
Production of copper has been steadily decreasing worldwide for the past few years, triggering an aggressive pursuance for a big copper prospect like the Oyu Tolgoi in Mongolia and the Olympic Dam in South Australia.
BHP is planning to release USD 2.6 billion on 2 projects to increase their mining output while Rio (with their USD 1.4 billion stake) and Japanese consortium JECO’s respective stakes are going to take care of the rest.
Companies in the mining industry are aggressively investing in minerals and key metals as they maintain an optimistic view that demand from China and other developing countries will continue to grow. In order to improve their overall output by 80%, the biggest copper mine is showing optimism regarding the long-term demand for metals.
Last year, the mine’s produce amounted to more than 700,000 tonnes of copper.
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
BLACK HAWK MINES BULLETIN
1. BLACK HAWK MINES
BULLETIN
PRESERVATION AND PROMOTION
OF MINING GHOST TOWNS.
2. BLACKHAWK MINES: COPPER
DEMAND EXPECTED TO RISE
• Two of the biggest mining firms in the world, Rio Tinto PLC and BHP
Billiton Ltd are teaming up to invest over USD 4 billion to boost their
copper output, according to their announcement on Tuesday.
• Rio and BHP have staked their investment on a high copper demand
worldwide as they approve plans for USD 4.5 billion expansion of their
Escondida mine in Chile. BHP is even reopening their copper mine that
has been out of commission since 2009 due to the global fiscal crisis.
• The mining site that will produce molybdenum concentrate and copper is
expected to have a yearly production of around 60,000 tonnes.
Moreover, BHP expects that this resumption of operations will provide
for 650 new jobs.
• Majority of the money is set to be invested in the Escondida operation
located in the southeastern part of Antofagasta, Chile. In addition to this,
BHP is also planning to resume its operations at the Pinto Valley in
Arizona before the year ends.
3. About
• Black Hawk Mines Bulletin is all for the preservation and promotion
of mining ghost towns that are widely being neglected across the
world. We support historical sites and promote the rebirth of
current mining ghost towns that still have a lot of potential in
generating income and historical value.
•
• This blog regularly publishes news and details regarding mining-
sites-turned-ghost-towns to educate people interested in history
and to gather support for our cause from different parts of the
world.
•
• Our group is presently working alongside other associations to keep
ghost towns, like the BlackHawk, Colorado, in the map; perhaps,
even to try and make them a tourist spot.
4. Terms and Conditions
• Black Hawk Mines Bulletin wants to further the discussion and welcomes your
views. Comments on any post must be relevant, respectful of others and suitable
for a general audience. Comments should not violate any laws, contain solicitation
for services and goods, contain spam, be knowingly false or contain foul language.
• Black Hawk Mines Bulletin may remove comments at any time without notice. If a
commentator is found to be in repeat violation of these guidelines, the user may
banned from the Blog. If you decide to post here, you will be solely responsible.
Comments are the views of the person who posted them and do not reflect the
opinions of Black Hawk Mines.
• The information in this Blog, has been collected from a variety of sources and by a
variety of organizations and individuals — all considered reliable. All information is
offered on a “best intentions” basis.
• Black Hawk Mines Bulletin makes no representation or offers no warranty with
respect to the adequacy of the information for any particular purpose. In no event
shall XXXX or the authors of information provided herein, be liable for special,
direct, indirect or consequential damages, losses, costs, charges, demands, or
claims for lost profits or expenses of any nature or kind.
5. • In particular, Black Hawk Mines Bulletin is not presented as a solicitation
to buy or purchase securities especially in the mining sector. Investors are
advised to discuss all of their stock purchases with a registered securities
broker or personal finance professional before investing.
• Also, reference to any specific commercial products, process, service,
manufacturer, or company does not constitute its endorsement or
recommendation by Black Hawk Mines Bulletin. Black Hawk Mines
Bulletin is not responsible for the contents of any “third-party” web pages
referenced.
• The content on this website is owned by Black Hawk Mines Bulletin. But
the opinions expressed in the articles belong solely to the commentators
and authors. They do not reflect the view of Black Hawk Mines Bulletin.
• Without written permission, this content may not be reproduced, copied,
captured into a database, or duplicated in any form except for
downloading for personal use, as permitted under copyright law.
Modification of content, or use thereof, for any other purpose is a
violation of our copyright and other proprietary rights, and is strictly
prohibited.
• You do not acquire any ownership rights by using this Blog and associated
services.
6. Privacy Policy
• This Privacy Policy is applicable to Black Hawk Mines Bulletin. It explains how Black Hawk Mines
Bulletin collect information from users of this Blog and how we use such information. Your use of
the Blog constitutes your acceptance of this Privacy Policy.
•
• When you visit this Blog, we may collect certain data that does not tell us specifically who you are.
This is “Non-Personally Identifiable Information.” It includes things like your Internet Protocol (IP)
address, browser type, and the last domain you visited before coming to our Blog or the domain
you go to when you leave. It also includes various statistical data such as which pages you visit on
our Blog, how long you stay on them, and what you click.
•
• We may place a “cookie” on your computer. A cookie is a small amount of data, which often
includes an anonymous unique identifier, sent to your browser from a website’s computers and
stored on your computer’s hard drive. Our “preference” cookie expires after thirty (30) days. We
may use cookies to keep track of your choice of language and home page preference; to understand
your exposure to certain Internet advertisements as you use the Blog, and to gather usage data that
will help us generally improve the quality of the Blog. There is a simple procedure in most browsers
that allows you to deny or accept cookies. You should note that cookies may be necessary to
provide you with certain features on the the Blog.
•
7. • No Personally Identifiable Information is collected through our cookies or
Web beacons. However we may, from time to time, allow advertisers,
third-party advertising networks, and third-party advertising serving
companies to serve advertisements directly to you within our Websites,
Services, and Software. By serving these advertisements directly to you,
these companies can set their own cookies on your computer, which may
not expire, and trigger their own Web beacons. If you would like to contact
the advertisers, third-party advertising networks, and third-party
advertising serving companies with which we have relationships to learn
more about their privacy policies and what options (if any) they offer to
opt out of their data collection, please visit their web sites.
•
• We also may collect information that can be used to identify you
(“Personally Identifiable Information”). We only collect Personally
Identifiable Information when you specifically provide it to us. For
example, in connection with your use of certain features of the Websites
you may be asked to create a user account and provide certain
information including your name, email addresses, address, and telephone
number.
•
8. • Black Hawk Mines Bulletin cannot ensure or warrant the security or
privacy of any information you transmit to us. We attempt to follow
policies and procedures that will protect against unauthorized access to
your Personally Identifiable Information. But we can make no guarantees
or promises in this regard, and you provide information to us at your own
risk.
•
• We may store the Personally Identifiable Information we hold about you
indefinitely. We may store this information in the United States or we may
transfer it to any other country. The data protection laws of the countries
where we store your personal data may or may not provide a level of
protection equivalent to the laws in your home country. Wherever we
hold the data, we will apply the terms of this Privacy Policy.
•
• We reserve the right to change this Privacy Policy at any time. Black Hawk
Mines Bulletindoes not undertake to provide you with personal notice of
any changes. In the event of material changes, we will provide notice by
means that are reasonable under the circumstances, such as by posting a
notice on the Blog. Your continued use of it following the posting of
changes to this Privacy Policy means you accept those changes.
•