Lessons learned from the copper industry applied to gold extraction j. Official pdf, 78 pages world bank documents world bank group. Antaike, icsg, ilzsg, insg, iai, brook hunt, macquarie research, february 2012. Mackenzie company, global refined copper demand is forecast to increase on average at a compound rate of 3. Wb brook hunt cost data published by the world bank bp british petroleum btu british thermal unit bumines u. Profile based on inmet minings basic engineering summary report for the cobre panama project.
Copper supply chain sustainable development ii acknowledgements the authors thank, particularly, ms. Brook hunt copper metal service november 2005 page 3 series of disruptions affecting supply this year see production. Usgs mineral resources program coppera metal for the ages. Base metals outlook drivers on the supply and demand side. Copper development road map department for energy and mining. Although producers are not bound to adhere strictly to any convention, the most widely accepted definition is that from consultants brook hunt. If in doubt, or in case very precise data is required, we recommend our readers to contact the local building construction.
Despite the ongoing crisis in the global steel industry and a weak pricing environment, steel production volumes in. Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus in 2015 that has driven down prices. The value of the free zinc in zinc concentrates for a zinc smelter is depending on recovery rate and lme zinc price. Meanwhile the oecd composite leading index rose for the fifth consecutive month in october, confirming positive economic growth, potentially boding well for future copper demand. The strong demand growth for mined commodities is increasingly. Russia is the fifthlargest producer of steel in the world, with total steel volumes of 71 million tonnes in 2015 4% of global output. The typical recovery rate for a zinc smelter is 95. World bank, government statistics, cru, brook hunt. Ana rebelo from the international copper study group, ms. Impact of taxation and country risk on the economics of.
Base metals csg escondida merrill lynch analysts andean adventure page 14 18 nov 2002 c1 unit costs in the 1st quartile cy01 brook hunt, copper industry c1 cost curve escondida minesite 0 20 40 60 80 100 120 140 160 0 5,000 10,000 15,000 20,000 25,000 cumulative production mlbs c1 cash operating cost us clb escondida real cost and. Assessing the viability of an integrated mine, mill, and hydrometallurgical refinery by jonathan robert mean b. Example value of free zinc zn content x recovery% payable. Market view capital markets day november 22nd 2012. Fbr capital markets investor conference fbr capital markets investor conference new york city november 27, 2007 new york city. Copper production in chile by 2011 kmt copper content by company codelco 1796. Base metals outlook drivers on the supply and demand side february 2012 jim lennon. Carbon leakagecopper sector eccp working group on emissions trading on carbon leakage and auctioning. Brook hunt since 2000 the emerging economies have accounted for most of the growth in global production of iron ore and nickel and effectively all the global production growth of aluminum, copper, and steel figure 2. Marsden phoenix, arizona the copper industry is cyclical with the price determined by market forces i. Copper cu c 20012005 mineral data publishing, version 1 crystal data.
From there he helped start up a new copper development organisation, cidec, financed by copper producers which he then joined focusing on conducting end use studies of copper in europe. Frieda river copper and gold project highlands pacific. He then went into the city to gain financial experience and founded brook hunt in 1975. Region 1 approved tmdls by state clean water act section. For open pit copper mines 0 2000 3000 4000 5000 0 20 40 60 80 100 millions of tonnes of resource mining rate mtpa 1500 mt 40 mtpa 3000 mt 80 mtpa batu hijau grasberg escondida 750 mt 20 mtpa sources. Industry ranking 2005 0 200 400 600 800 1200 1400 xstrata copper mitsubishi grupo mexico kghm nippon codelco 0 500 1500 2000 kghm nippon grupo mexico phelps dodge. Worldwide third lower smelting direct cash costs copper producer 9. Frieda river coppergold project feasibility study completed panaust limited panaust is pleased to announce completion of the feasibility study for the frieda river coppergold project project in papua new guinea png.
For a key commodity like copper, it also discounts production forecasts by 5% per year to allow for strikes or poor weather. For analysing and reporting zinc mines nyrstar will adopt the brook hunt. The copper book for architecture, is distributed in many countries. This week, beginning monday july 8, has seen one of the worlds biggest copper miners, chiles antofagasta, begin to break away from the traditional annual price benchmark system by sealing an early deal with chinese smelters to supply concentrates for the first half of 2020. Brook hunt 2008 copper mine cost study 2008 edition. Brook hunt a wood mackenzie company, boliden calculations. New strategies for the treatment of copper concentrates. The economic contribution of zambian copper mining. Introduction to nyrstar mining nyrstar nv investors. Brook hunts view of refined copper consumption up to 2020.
Teckcominco and brook hunt figure 1 the source of the additional copper needed to supply this market may be different, however, than the recent past. Principal consultant mineral project evaluation srk consulting january 26, 2016 vancouver, bc. C1 costs are a standard metric used in copper mining as a reference point to denote the basic cash costs of running a mining operation to allow a comparison across the industry. Leveraged finance conference leveraged finance conference las vegas, nevada november, 2007 las vegas, nevada november, 2007 kathleen l. New strategies for the treatment of copper concentrates with high arsenic content in chile. About 20% of demand comes principally from the construction industry which uses copper to produce plumbing pipe and roof sheeting, owing to the metals corrosion resistance qualities. Chile, there can be significant economic dependence on a single or small group of commodities in these instances government agencies conduct indepth market analysis to a level of breadth and depth not possible in. Ensure you have all the insight, data and analysis you need to make better strategic decisions with our metals commodity reports at wood mackenzie. Frieda river copper gold project feasibility study completed. Page 7 surge in demand over the past decade source. Bureau of mines cbo congressional budget office c 3 i commandcommunicationcontrolintelligence systems cda copper development association cff compensatory financing facility cipec intergovernmental. Worldwide second lower smelting direct cash costs copper producer 8. Pdf sustainable copper production processes from mine to. Large cost increases between 2002 and 2008 to become.
Transformation through organic growth and operational. Portfolio of copper projects can meet demand, but projects are at different stages of development, have different cost structures, and require different long term prices to be viable. Commodities consultant brook hunt says it discounts planned industry production growth by 25% for brownfield projects, and by 50% for totally new projects. Brook hunt 6 may, 2008 governments and their agencies forecasts required for revenue estimation and infrastructure planning in selected countries, e. Copper and ewaste recycling theory and industrial practice markus a. Brook hunt 382279 0 4756400300200100 0 100 200 300 400 500. Li lan from the beijing general research institute of mining and metals, and mr. Note 1 2020 copper cost league by brook hunt with brook hunts 2012 q1 assumptions adjusted for metal prices and derived input costs under the consensus long. The link between mineral extraction and material use on the one hand and. The shape of the arrow shows the general trend among countries for copper consumption as gdp per capita increases and is not to scale copper gdp per capita vs consumption per capita copper consumption kg capita for personal use only. The impact of production cost analysis on metal market. All prices and cost inputs updated through oct 6, 2011. Contact us to ask a question, provide feedback, or report a problem. Frieda river copper and gold project the frieda river project, located in the sandaun province of.