Black Hawk Mines Bulletin - Presentation - PowerPoint PPT Presentation

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Black Hawk Mines Bulletin - Presentation

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Two of the biggest mining firms in the world, Rio Tinto PLC and BHP Billiton Ltd are teaming up to invest over USD 4 billion to boost their copper output, according to their announcement on Tuesday. Rio and BHP have staked their investment on a high copper demand worldwide as they approve plans for USD 4.5 billion expansion of their Escondida mine in Chile. BHP is even reopening their copper mine that has been out of commission since 2009 due to the global fiscal crisis. – PowerPoint PPT presentation

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Title: Black Hawk Mines Bulletin - Presentation


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Black Hawk Mines Bulletin
  • PRESERVATION AND PROMOTION OF MINING GHOST TOWNS.

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BLACKHAWK MINES COPPER DEMAND EXPECTED TO RISE
  • Two of the biggest mining firms in the world, Rio
    Tinto PLC and BHP Billiton Ltd are teaming up to
    invest over USD 4 billion to boost their copper
    output, according to their announcement on
    Tuesday.

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  • Rio and BHP have staked their investment on a
    high copper demand worldwide as they approve
    plans for USD 4.5 billion expansion of their
    Escondida mine in Chile. BHP is even reopening
    their copper mine that has been out of commission
    since 2009 due to the global fiscal crisis.

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  • The mining site that will produce molybdenum
    concentrate and copper is expected to have a
    yearly production of around 60,000 tonnes.
    Moreover, BHP expects that this resumption of
    operations will provide for 650 new jobs.

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  • Majority of the money is set to be invested in
    the Escondida operation located in the
    southeastern part of Antofagasta, Chile. In
    addition to this, BHP is also planning to resume
    its operations at the Pinto Valley in Arizona
    before the year ends.

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  • The recovery in ore grades combined with current
    work at Escondida should aid them in their target
    production of over 1.3 million metric tonnes by
    2015. This is exclusive of the 60,000 tonnes of
    copper concentrate that the Pinto Valley is
    capable of producing yearly, according to BHP.

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  • Last year, operations at Escondida was distracted
    by labor strikes and lower grade ores but Rio and
    BHP announced that output is anticipated to
    increase from 2013 due to the higher grade ore in
    the main pit.

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  • Last year, operations at Escondida was distracted
    by labor strikes and lower grade ores but Rio and
    BHP announced that output is anticipated to
    increase from 2013 due to the higher grade ore in
    the main pit.

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  • BHP is planning to release USD 2.6 billion on 2
    projects to increase their mining output while
    Rio (with their USD 1.4 billion stake) and
    Japanese consortium JECOs respective stakes are
    going to take care of the rest.

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  • Companies in the mining industry are aggressively
    investing in minerals and key metals as they
    maintain an optimistic view that demand from
    China and other developing countries will
    continue to grow. In order to improve their
    overall output by 80, the biggest copper mine is
    showing optimism regarding the long-term demand
    for metals.
  • Last year, the mines produce amounted to more
    than 700,000 tonnes of copper.
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