Quebrada Blanca
| Location | |
|---|---|
  Quebrada Blanca | |
| Tarapacá Region | |
| Country | Chile |
| Coordinates | 21°0′15.63″S 68°48′3.48″W / 21.0043417°S 68.8009667°W |
| Production | |
| Products | Copper |
| Production | 64,300 tons of copper |
| Financial year | 2023 |
| Owner | |
| Company | Compañía Minera Quebrada Blanca
|
Quebrada Blanca (lit. "White Ravine") is an open-pit copper mine in the Atacama Desert of northern Chile. It lies in the Andes at an altitude of 4,400 meters above sea level, 15 km west of the copper mine of Collahuasi and about 240 km southeast of the port city of Iquique.[1][2] Teck Resources owns 60% of the mine, Sumitomo Metal Mining Co. and Sumitomo Corporation own together 30% of it and state-owned Codelco owns 10%.[1][3] In 2023 it produced 64,300 tons of copper, up from 9,500 tons of copper in 2022.[4]
The known mining at Quebrada Blanca occurred at some point between 1905 and 1930 when in connection to mining at Collahuasi local miners dug small galleries to extract copper ore.[2] In the late 1950s the area was mapped by the mining company Chilex but no exploration drillings were done as other mineral deposits in Chile were being priorized for this by the company.[2] In 1971 the deposit was nationalized and in 1982 the property was transferred from Codelco to ENAMI, both state-owned.[2][5] The development of a modern mine in the deposit was put to tender by ENAMI and in August 1989 Compañía Minera Quebrada Blanca was formed with 38.25% of the shares owned by Cominco, 29.25% by Teck, 22.5% by Cominco Resources and 10% by ENAMI.[5][6]
QB2 expansion project
[edit]After years of delays, in October 2023 Quebrada Blanca inaugurated the start of a large expansion project known as Fase 2 or QB2 that had its environmental impact assessment submitted in 2016.[7][8] It is one of the largest mine expansión prjects worldwide and with Ex-Ante calling it "the largest mining investment [in Chile] in the last 15 years".[8][7] The project is part of a bid of Teck Resources to grow in the metal markets moving away from coal mining.[9]
Among other things, the project includes the building of a new large crusher.[7] The mine's development plan was as of 2025 lagging after schedule due to difficulties stemming from the handling of tailings.[10] The problem with tailings storage was reported to be slowing the production rate of copper as well and reuiring new investments to be solved.[8] Other causes for delays in the implementation of the project, reduced output and project overcost include problems in the mineral processing plant and geotechnical problems.[8]
2024 Codelco share purchase
[edit]In 2024 state-owned ENAMI sold its 10% of shares in Quebrada Blanca to Codelco.[11][3][1] The terms of the purchase were criticized by Sociedad Nacional de Minería as lacking transparency.[11]
Prior to the sale the 10% of shares of Quebrada Blanca were ENAMI's main asset, and its sale was aimed to capitalize the company and pay-off some of ENAMI's debts.[11] Critics point out that shares were sold at prices below what private companies would have paid and that the sale is part of a pattern of empoverishment of ENAMI at the cost of benefitting Codelco.[11]
References
[edit]- ^ a b c "Quebrada Blanca". Consejo Minero (in Spanish). Retrieved 2025-05-09.
- ^ a b c d Millán 1996, p. 152.
- ^ a b "Codelco compra 10% de Quebrada Blanca". Codelco (in Spanish). 2024-09-05.
- ^ Anuario de estadisticas del cobre y otros minerales [Yearbook: Copper and Other Mineral Statistics: 2004 2023] (Report). Comisión Chilena del Cobre. 2024.
- ^ a b Millán 1996, p. 154.
- ^ Millán 1996, p. 155.
- ^ a b c Browne R., Vicente (2023-10-30). "Quebrada Blanca 2 de Teck: Qué hay detrás de la mayor inversión minera en 15 años". Ex-Ante (in Spanish). Retrieved 2025-05-27.
- ^ a b c d de Vicente, Agustín (2025-07-30). "Teck reduce proyección de producción en Quebrada Blanca en medio de tensiones globales por el cobre". Reporte Minero & Energético (in Spanish). Retrieved 2025-07-30.
- ^ Bloomberg (2025-07-26). "Los reveses de Teck en Chile ponen de relieve dificultades para el suministro de cobre". La Razón (in Spanish). Retrieved 2025-07-29.
- ^ "Problemas en Quebrada Blanca reflejan los desafíos globales para aumentar el suministro de cobre". Minería y Futuro (in Spanish). 2025-07-25. Retrieved 2025-07-29.
- ^ a b c d Ibarra, Valeria (2024-09-05). "Enami vende su activo más valioso en US$ 520 millones a Codelco para pagar deudas: 10% de Quebrada Blanca". Diario Financiero (in Spanish). Retrieved 2025-05-27.
- Bibliography
- Millán, Augusto (1996). Evaluación y factibilidad de proyectos mineros (in Spanish). Editorial Universitaria. ISBN 956-11-1241-8.
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