Quebrada Blanca Phase 2 Project . Mining Journal Select London . Teck said in a quarterly update at the end of April that overall progress at the QB2 project surpassed the half-way point in April, and that the . Located in northern Chile, QB2 is one of the largest undeveloped copper resources in the world. The Teck board has approved the QB2 project for full construction . NI 43-101 Technical Report on Quebrada Blanca Phase 2 Feasibility Study 2016, Región de Tarapacá, Chile 2 Ibid, p.1-15. Compañia Minera Teck Quebrada Blanca S.A. ("QBSA"), which holds the QB2 project and will be the borrower under the financing, is indirectly owned 60% by Teck, 25% by Sumitomo Metal Mining Co . The Quebrada Blanca Phase 2 project (QB2) is located in the northern Chilean Andes, 4,300 meters above sea level and approximately 145 kilometers from the Pacific Ocean. The Teck board has also approved the QB2 project for full construction, with first production targeted for the second half of 2021. Quebrada Blanca Phase 2 is expected to have an annual production capacity of over 250,000 mt of copper and 8,000 mt of molybdenum in concentrate for the first 10 years of mine life, the company said. . The material will be used to build shipbuilding structures. The reverse osmosis process will be used in the desalination plant. Teck (TSX:TECK) has approved full construction of the $4.7 billion Quebrada Blanca phase 2 (QB2) copper development project in Chile and found a 30% partner for the project in Sumitomo. The QB2 project is the second phase of the Quebrada Blanca . Leading the development and delivery of the Quebrada Blanca Phase 2 (QB2) project for Teck Resources: a 140,000 TPD copper concentrator facility and associated infrastructure. The environmental impact assessment (EIA) for QB2 was prepared in 2016, and approved by the Chilean environmental authorities in August 2018. 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. The project, which has been delayed by up to six months after being suspended due to the Covid-19 pandemic, expects to . La Planada . This year, SMM and SC are expected to contribute around $1.3bn to the QB2 project and Teck is set to spend about $175m. With Quebrada Blanca Phase 2 permits expected in August, Teck said it will launch a formal process seeking a development partner, which could contribute some $2 billion for a 30 percent to 40 percent stake. Quebrada Blanca Phase 2 receives regulatory approval. Teck Resources (TECK) Acquires Quebrada Blanca Minority Interest. ENAMI, a Chilean state agency, has a 10% non-funding interest in QBSA, and Sumitomo Metal Mining, and parent Sumitomo together have a collective 30% indirect interest. Teck Resources is ramping up work on its US$5.2 billion Quebrada Blanca phase 2 copper project in Chile. The projects are: Grasberg, Kamoa-Kakula, Quebrada Blanca Phase 2, Quellaveco and Spence. Quebrada Blanca Phase II. Architectural Excellence Teck's Quebrada Blanca Phase 2 (QB2) project will be one of the largest copper operations in the world. Construction pictured in 2019 at Teck Resources' Quebrada Blanca phase 2 copper project . QB2 is expected to have low operating costs, an initial mine life of 28 years and significant potential for further growth. Teck Announces US$1.2 Billion Quebrada Blanca Transaction; QB2 Construction to Proceed. The supergene orebody (near-surface deposit) was mined during the initial phase of Quebrada Blanca. The purchase price consisted of US$53 million paid in cash on closing, an additional US$60 million paid in 2018 on the issuance of the major approval of the social and environmental impact assessment for the Quebrada Blanca Phase 2 copper development project (QB2) and a further US$50 million payable within 30 days of the commencement of . Although there have been no confirmed cases of COVID-19 at the mine site, Teck . Quebrada Blanca Phase 2 Recognized by Project Finance International January 10, 2020 The Quebrada Blanca Phase 2 copper mine project, on which S&C served as legal adviser, was awarded the "Americas Mining Deal of the Year," in the 2019 Roll of Honour by Project Finance International. When complete, it will be a world-class asset with low operating costs and an . Teck Resources is continuing to increase its workforce at the Quebrada Blanca Phase 2 (QB2) copper project in northern Chile and expects the project to be about 40% complete by the end of the year, the company said this week. The technical report may be found . The Quebrada Blanca Phase 2 (QB2) Project is one of the largest undeveloped copper resources in the world. London — Mayer Brown has advised Sumitomo Metal Mining Co., Ltd. (acting in a consortium with its partner, Sumitomo Corporation) on the acquisition of a 30 percent indirect interest in Compañia Minera Teck Quebrada Blanca S.A., which owns the Quebrada Blanca Phase 2 (QB2) project, from Teck Resources Limited for $1.2 billion.. Pacific Hydro: Advising the renewable energy provider in mining . Golden Rim's Paguanta mining permits cover 5,500ha and are located within a fertile porphyry district around the Alantaya batholite, a source of several copper-molybdenum porphyry projects, including . First production is targeted for the second half of 2021 and QB2 is expected to . By The Canadian Press Wed., March 18, 2020 timer 1 min. The technical report is being filed in support of the information regarding the Quebrada Blanca Phase 2 Project included in Teck's April 24, 2012 press release. QB2's operation incorporates extensive environmental measures including the use of desalinated seawater and a tailings management plan that maximizes water recovery in challenging terrain. Bechtel will be responsible for the engineering, procurement and construction management (EPCM). location: Denver, Colorado, USA Meet the industry leaders who shape the Future of Mining in the Americas register now. WSP Golder* personnel from six countries contributed to the design of the tailings management facility (TMF) for Teck's Quebrada Blanca Phase 2 Project. The Antamina mine is one of the world's largest Zinc and Copper mines. Asset OP UG PEA PFS FS Permitting Construction 2019_1 2019_2 2019_3 2019_4 2020_1 2020_2 2020_3 2020_4 2021_1 2021_2 2021_3 2021_4 2022_1 2022_2 2022_3 2022_4 2023_1 . The regional Environmental Committee of Tarapacá has voted to approve the project Environmental Impact Assessment (EIA). Teck is currently ramping up work at Quebrada Blanca Phase 2 (QB2), which will start producing copper concentrate in the second half of 2022. Quebrada Blanca Mine, Collahuasi mining district, Pica, Tamarugal Province, Tarapacá, Chile : An open cast copper porphyric deposit; the mine is located about 200 km east of Iquique, at an elevation of more than 4.500 m. The mine is producing Cu sulphides and sulphates. Find contact's direct phone number, email address, work history, and more. VANCOUVER, British Columbia, May 30, 2019 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck . It is located in the north of Chile, at more than 4,000 meters above sea level, so the site conditions are complex and it is far from urban centers. Quebrada Blanca Phase 2 is a massive undeveloped copper project in Chile. Teck - Quebrada Blanca Phase 2 Avenida Apoquindo 3885, Piso 7 Las condes, Santiago CHILE +56 9 562 3938 www.teck.com Teck Resources Ltd. says work will stop on the $4.7-billion (U.S.) Quebrada Blanca Phase 2 project for an initial two-week period. Quebrada Blanca copper mine is a two-phased open-pit mine being developed in the Tarapaca Region of Chile, South America. read The Quebrada Blanca Phase 2 project (QB2) is planned to exploit hypogene mineralization below the supergene mineralization mined in QB1. The Quebrada Blanca mine is located in the Tarapacá region of northern Chile. Quebrada Blanca Phase 2 as it involves working at four major areas in parallel, from sea level to an altitude of roughly 4,400 meters. Quantity: 10,000 MT. The new facility will produce an estimated 2.6 billion pounds of copper and 7.7 million pounds of molybdenum annually in the first 5 calendar years of operation. Compañía Minera Teck Quebrada Blanca's pipeline system is designed to transport copper concentrate from the concentrator to the Punta Patache Norte port facilities area. "Our regulatory submission outlines the significant economic and social benefits that this project would generate for the region, as well as extensive proposed . The purpose of the loans is to provide necessary long-term finance for the development of the Quebrada Blanca Phase 2 project located in Tarapaca (Region I), Chile. Teck holds a 60 percent interest in Compañía Minera Teck Quebrada Blanca SA, which owns QB2. VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2012) - Teck Resources Limited ("Teck"), (TCK.A and TCK.B, NYSE: TCK) announced today that it has filed a technical report prepared under National Instrument 43-101 regarding its Quebrada Blanca Phase 2 Project, relating to the hypogene resource at Teck's Quebrada Blanca project located in Chile. Teck has 22.5% interest in this mine. In the same year, Teck Resources announced the completion of its joint venture with Sumitomo Metal Mining Co to develop Quebrada Blanca 2, the expansion phase of Teck's copper mining operations in Chile. At that point, the mine will be among the world's 20 largest copper mines. Teck has an indirect 60% interest in Compañía Minera Teck Quebrada Blanca, or QBSA, which owns QB2. The project is being undertaken by CMTQB, a company invested in by Teck Resources Limited (Canada), Sumitomo Metal Mining Co., Ltd., Sumitomo Corporation, and Empresa Nacional de . Quebrada Blanca produced 11,500 tonnes of copper cathode in 2021, compared to 13,400 tonnes in 2020. Teck Resources Limited TECK continues to operate the Antamina mine under an exemption from the recently-announced restrictions imposed by the Peruvian Government amid the coronavirus outbreak in Peru. Bechtel will be responsible for the engineering, procurement and construction management (EPCM). About Quebrada Blanca Phase 2 (1) The QB2 project is one of the world's largest undeveloped copper resources located in Tarapacá Region of northern Chile. During its operation, QB2 will employ over 2,000 people. Vancouver-based Teck shut down the $4.7 billion Quebrada Blanca Phase 2 (QB2) expansion in mid-March as the first cases appeared in Chile. In order to use the Pacific Ocean, which is only about 150 kilometers away, as a water source, the Quebrada Blanca Phase 2 (QB2) expansion project includes a 165-kilometer water supply pipeline from the company's own port which includes a desalination plant. 4 2. Financing Summary The expansion project is costly and requires large amounts of capital to build the infrastructure needed to support the expansion in production. "Quebrada Blanca Phase 2 is a long-life asset that will operate through multiple price cycles and generate significant value for many years," said Don Lindsay, President and CEO. 5) (Figure 4). Quebrada blanca phase 2 - Page 1 of 1. We are building the Quebrada Blanca Phase 2 project, (QB2) which will be a major copper operation once completed. The Canadian metals and mining company has also announced that it will move ahead with the $4.8bn phase 2 development of the QB Copper Mine located in northern Chile. QB2 will develop the deeper sulphide resource underlying the existing operation. ) - Quebrada Blanca cluster (Teck; Measured and Indicated Mineral Resources: 1,494 Mt at 0.4% copper. Bechtel will be . We are pleased to announce that 110 tons of AH36 hot-rolled flat bulbs produced by Longteng Special Steel have been delivered to customers in Singapore in time. Quebrada Blanca Phase 2 With an initial mine life of 28 years, Teck Resources (TSX: TECK.B ,TSX:TECK.A,NYSE:TECK) is expecting its massive Quebrada Blanca Phase 2 project to start production in . The reverse osmosis process will be used in the desalination plant. View Mike Nelson's business profile as Project Director, Quebrada Blanca Fase 2 at Cominco Engineering Services. The 103,680m3/d Quebrada Blanca Phase 2 desalination project serving Teck Resources' copper mine will deploy a prefabricated modular solution with minimal maintenance requirements to overcome the remote location and minimise delivery time while satisfying stringent local environmental regulations. Teck ramping up work at QB2. Mainstream Renewable Power: Advising the mining area NCRE company on the construction of solar and wind farms. In a research note ratings agency Moody's Investor Services says it anticipates the . This is a classic example of companies finding synergies in the co-location of their assets. 12 AUGUST 2020. In order to use the Pacific Ocean, which is only about 150 kilometers away, as a water source, the Quebrada Blanca Phase 2 (QB2) expansion project includes a 165-kilometer water supply pipeline from the company's own port which includes a desalination plant. Project Story. "A decision to proceed with development would be contingent upon regulatory approvals and market conditions, among other considerations. First production is targeted for the second half of 2021 and QB2 is expected to generate . The Sumitomo deal will reduce Teck's estimated share of remaining contributions to build the mine to $693 million. In addition to . Construction is ramping up as conditions permit. The project should launch in the second half of 2022. The Quebrada Blanca Phase 2 project (QB2) is located in the northern Chilean Andes, 4,300 meters above sea level and approximately 145 kilometers from the Pacific Ocean. The Quebrada Blanca Phase 2 project (QB2) is located in the northern Chilean Andes, 4,300 m above sea level and approximately 145 km from the Pacific Ocean. The project is being undertaken by Compañía Minera Teck Quebrada Blanca S.A. (CMTQB), a Chilean company invested in by Teck Resources Limited (Canada), Sumitomo Metal Mining . The consideration payable by SMM and SC consists of: US$1.2 . Quebrada Blanca Phase 2 The QB2 project is one of the world's largest undeveloped copper resources. When complete, QB2 will be a premier asset, with low operating costs, an initial mine life of 28 years, and significant potential for further growth. The first phase (QB1) of the project was commissioned in 1994, while environmental approval for the $4.7bn second phase (QB2) was granted in August 2018. Teck Announces Quebrada Blanca Phase 2 Financing Agreement. The Quebrada Blanca Phase 2 project (QB2) is planned to exploit hypogene mineralization below the supergene mineralization mined in QB1. QB2 is located in the Tarapacá Region, in northern Chile, at an altitude of 4,400 meters masl, approximately 240 kilometers southeast of the city of Iquique and 1,500 kilometers from Santiago. Mr. Rodrigo Alves Marinho, P.Geo., and Mr. Michael Nelson, F.AusIMM., prepared this technical report (the Report) for Teck Resources Limited (Teck) based on the 2016 Feasibility Study (FS2016) in respect of Phase 2 (QB2) of the Quebrada Blanca mining operation (the Project), located in Chile's Región de Tarapacá. The project remained closed through the August as the virus overtook much of Chile. QB2 will be a premier asset, with low operating costs, an initial mine life of 28 years, and significant potential for further growth. Teck's Quebrada Blanca Phase 2 (QB2) project will be one of the largest copper operations in the world. VANCOUVER, British Columbia, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK . VANCOUVER - Teck Resources Ltd. (TSX:TCK.B) said Monday it has temporarily withdrawn its social and environmental impact assessment application for the Quebrada Blanca Phase 2 copper project in Chile. . Teck Resources, AES Corp and their respective Chile-based affiliates, Compañía Minera Teck Quebrada Blanca SA and AES Gener SA, have entered into a long-term power purchase agreement for the Quebrada Blanca Phase 2 (QB2) copper project in Chile, which will enable the transition to renewable energy for around half the power required for the operation. Quebrada Blanca Copper Mine Phase 2 Development Project (Quebrada Blanca 2 Project), which is one of the three major projects in our 2018 3-Year Business Plan, construction was progressing smoothly toward starting production in 2021, but we were forced to stop work in March due to the COVID-19 pandemic (see Investment in Growth). The main driver is its Quebrada Blanca Phase 2 (QB2) project in northern Chile, one of the world's largest copper sources. The Quebrada Blanca Phase 2 (QB2) Project represents one of the world's largest undeveloped copper projects. Sumitomo Metal Mining Co., Ltd., and Sumitomo Corp. together have a collective 30 percent interest in QBSA. and . As a result, QB2 is effectively pre-stripped, which greatly reduces project costs. SinoStruct was engaged to provide professional services for inspection, expediting and quality control in China for the fabrication and surface treatment of the wharf and jetty steelwork for the Quebrada Blanca Phase ll project in Chile. QBSA owns the Quebrada Blanca Phase 2 (QB2) project located in northern Chile. This includes a recent announcement to source more than 50% of electricity needed for their Quebrada Blanca phase 2 copper project in Chile from renewable power. Location: Chile. It expects to close a deal in the fourth quarter. Teck itself does not have sufficient capital to Drill location, elevation, azimuth, and dip of drill holes are provided in Table 2 below. Posted by John on 9th August 2018 Teck Resources has received regulatory approval for its Quebrada Blanca Phase 2 (QB2) project in the Tarapacá Region in northern Chile. Product: Hot Rolled Steel Plate. 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. Award Criteria Architectural Excellence. Derries explained that at Gold Fields, where underground mines are being powered by hybrid grids, said they're "future proofing" themselves for moving into the electrification space. The operation is now focused on secondary copper extraction from previous leach piles. The purpose of this loan is to provide necessary long-term finance for the development of the Quebrada Blanca Phase 2 project located in Tarapaca (Region I), Chile. Article Related Press Releases (1) Stock Quotes (1) Comments (0) FREE Breaking News Alerts from StreetInsider.com! Location Chile Golder personnel from six countries contributed to the design of the tailings management facility (TMF) for Teck's Quebrada Blanca Phase 2 Project (QB2). Teck Resources' flagship Quebrada Blanca Phase 2 (QB2) project in northern Chile is now more than 50% complete, and first production is on track for the second half of 2022. QB2 will produce about 316 000 t/y of copper . The directives also apply to the ongoing underground expansion of the mine, Quebrada Blanca Phase 2 or QB2, considered by Teck as its most important growth project.The new mine section is slated . Minería Activa: Advising the mining company on selling a rare earth extraction project called "Biolantánidos." Sumitomo Metal Mining: Advising the mining company on the project financing for Quebrada Blanca Phase 2. It is located in the north of Chile, at more than 4,000 meters above sea level, so the site conditions are complex and it is far from urban centers. Life-cycle / End of li. Geographic Location and Connected Power Teck is present in Chile through the operation of the Quebrada Blanca copper mines, in the Tarapacá Region and Carmen de Andacollo, in the Coquimbo Region, and the new project to expand its production, Quebrada Blanca Phase 2. The system includes a copper concentrate pipeline, make-up and reclaim water system, and tailings transport system. Phase 2 of the project is expected to initiate mining activities in 2021, according to current plans. S&C advised Teck Resources Limited, a Canadian mining and mineral development company, in the project . Teck QB2 Project Update. Ausenco was selected to perform a pre-feasibility study . The environmental impact assessment (EIA) for QB2 was prepared in 2016, and approved by the Chilean environmental authorities in August 2018. Canadian mining company Teck Resources Ltd. has announced that Japanese firms Sumitomo Corp. and Sumitomo Metal Mining will acquire an indirect 30% stake in Compañia Minera Teck Quebrada Blanca S.A. (QBSA) in Chile, which owns the Quebrada Blanca Phase 2 (QB2) project. The project aims to expand the mine's current operation by building a new 140,000-tonne-per-day concentrator, which will add 300,000 tonnes of annual copper equivalent production for the first five years. Teck now owns a 60% indirect interest in QBSA, while Empresa Nacional de Minería continues to hold a 10% carried interest. Sumitomo Metal Mining and Sumitomo Corporation will pay $1.2 billion to Teck for a 30% stake in the Quebrada Blanca Phase 2 project — $800 million earn-in contribution and $400 million matching . Initial 28-year mine life will use only 25% of total reserves and resources. 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