Full resumption of production at Chuquicamata Refinery owned by Codelco and postponement of expected restart in the third quarter

Published: Jul 4, 2019 10:36
Codelco has again delayed a full resumption of production at its Chuquicamata smelter. The company said that the smelter is currently in a state of local operation, including a flash furnace and an acid plant, and the second acid plant will resume normal operation within 6 days, and the full normal production of the smelter is expected to resume in the third quarter.

SMM7 4: Chile's national mining company (Codelco) once again postponed its Chuquicamata smelter's comprehensive resumption of production plans.

The company said that the smelter is currently in a state of local operation, including a flash furnace and an acid plant, and the second acid plant will resume normal operation within 6 days, and the full normal production of the smelter is expected to resume in the third quarter.

Rolando Milla, the No. 3 union president of the Chuquicamata copper mine, expects the smelter to resume full capacity by mid-August.

The smelter has been closed for seven months mainly because it failed to meet stricter environmental standards that came into force in December.

And as a result of Codelco's cancellation of its contract with SNC Lanwanling in March to build two new acid plants in the smelter at the Chuquicamata copper mine, the full resumption of production at the smelter has also been delayed.

At the time, Codelco said SNC Lan Wanling had repeatedly committed serious violations of the contract, including delays in payment to subcontractors, delays in construction and quality problems with the project.

Superposition of the previous Chuquicamata copper mine miners carried out a two-week strike, but also affected the normal progress of the project. After the end of the strike, the company is restoring production capacity to normal levels as soon as possible.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
16 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
16 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
16 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
16 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
16 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
16 hours ago
Full resumption of production at Chuquicamata Refinery owned by Codelco and postponement of expected restart in the third quarter - Shanghai Metals Market (SMM)