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Quebrada Blanca

Quebrada Blanca

Quebrada Blanca Operations is a copper mine located in northern Chile.

About Quebrada Blanca

The Quebrada Blanca mine is located in Tarapacá Region of northern Chile at an elevation of 4,400 metres, approximately 240 kilometres southeast of the city of Iquique and 1,500 kilometres from Santiago.

Teck holds an indirect 60% interest in the mine. Sumitomo Metal Mining Co., Ltd. and Sumitomo Corporation together have a collective 30% indirect interest in the mine. ENAMI, a Chilean state agency, has a 10% non-funding interest.

Quebrada Blanca is an open pit operation, which leaches the ore to produce copper cathodes via processing in an SX-EW plant. Copper cathode is trucked to Iquique for shipment to purchasers. Mine personnel live in a camp facility, and the majority commute from large population centres, including Iquique, Arica and Santiago.

Mining operations ceased in the fourth quarter of 2018, and mining equipment and personnel have been redeployed to the Quebrada Blanca Phase 2 (QB2) project. The operation is now focused on secondary copper extraction from previous leach piles.

Quebrada Blanca produced 13,400 tonnes of copper cathode in 2020, compared to 21,100 tonnes in 2019.


Quebrada Blanca Operating Results

($ in millions)

2020

2019

2018

Revenue

$116

$170

$224

Gross Profit (Loss) before depreciation and amortization(1)(2)

$30

$(18)

$26

Gross Profit(Loss)

$19

$(59)

$(59)

Production (000's tonnes)(3)

13

21

26

Sales (000's tonnes)(3)

14

21

26

(1) Non-GAAP Financial Measure. See “Use of Non-GAAP Financial Measures” section for further information.
(2) See “Use of Non-GAAP Financial Measures” section for reconciliation.
(3) We include 100% of production and sales from our Quebrada Blanca and Carmen de Andacollo mines in our production and sales volumes, even though we do not own 100% of these operations, because we fully consolidate their results in our financial statements. We include 22.5% of production and sales from Antamina, representing our proportionate ownership interest in the operation.

Compañía Minera Quebrada Blanca S.A.

Esmeralda 340, Piso 10 Iquique
Región de Tarapacá, Chile
Office:
t: 56.57.528.100
f: 56.57.528.102
Mine Site:
t: 56.57.528.110
f: 56.57.528.264

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Teck

As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets.