Output increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world’s five largest copper operations.
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The Chilean state-owned miner has signed a deal with Uptake, a provider of artificial intelligence (AI) and Internet of Things software, to to monitor the health of mining equipment and ensure operations run efficiently.
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The 982-million-tonne Llurimagua copper project is located in the Imbabura Province, about 80 km northeast of Ecuador’s capital of Quito.
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Operating costs are forecasted to be of $9.9 billion.
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Codelco’s second largest copper operation by size is expected to fully transition to underground block cave mining this year.
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The wet season in the austral summer has caused havoc in northern Chile.
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Codelco has halted operations at its Chuquicamata and Ministro Hales copper mines; Freeport-McMoRan suspended El Abra.
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Sixty-five engineers from 15 countries came up with ideas.
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Robert Mayne-Nicholls has worked in companies such as Codelco, Antofagasta and Barrick Gold.
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The leading producing nation expects to generate more than 6 million tonnes of copper for the first time this year, with output rising by about 30% by 2015.
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