Chile’s Antofagasta Region, 1,500 km north of Santiago
Shareholders:
74% Antofagasta plc, 26% other Chilean investors
Ore Reserves:
5.8 million tonnes @ 1.53% copper
Mineral Resources:
56.2 million tonnes @ 1.78% copper
Figures as of December 2010
Michilla is a sulphide and oxide deposit located in Chile’s Antofagasta Region, 1,500 km north of Santiago. It produces copper cathodes using a heapleach and solvent-extraction electro-winning process.
Michilla’s mine plan currently runs until the end of 2012. Michilla is continuing with work on the evaluation and recategorisation of its resources, to allow the extension of its current mine plan, as well as additional exploration which could further extend the mine life.
