FACTBOX-Chile quake hits copper mines, ports and refineries

Sun Feb 28, 2010 6:07pm EST

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 Feb 28 (Reuters) - Up to one-fifth of Chile's copper mine capacity was shut
after the world's biggest producer was rocked by a huge earthquake on Saturday,
but at least two mines in the quake-affected area resumed operations within 48
hours of the quake.
 However, industry analysts still expect copper prices to rise because of
potential disruption in power and transportation links to the mines.
 The nation's oil refineries appeared to be at greater risk, with its
largest plant located near the epicenter; two were forced to shut down for
further investigation. [ID:nN27177467]
 Following are details on the impact to energy and mining operations after
the temblor that struck 70 miles (115 km) northeast of Concepcion and about 200
miles (320 km) south of Santiago. For a full story see: [ID:nN28187458]
 For a map showing the epicenter, click here
 State energy firm ENAP shut down both its 116,000 barrels per day (bpd) Bio
Bio oil refinery, which is located just north of the city of Concepcion, as
well as its roughly 100,000 bpd Aconcagua refinery near the capital.
 Mining Minister Santiago Gonzalez told Reuters officials were trying to
assess structural damage to Bio Bio. ENAP said it was increasing diesel imports
to meet demand. It said it had sufficient gasoline stocks to last two weeks and
diesel stocks for 10 days.
 With almost all major copper producers confirming their status after the
quake, operations at mines producing more than 1 million tonnes a year -- near
a fifth of the country's total 5.4 million tonnes last year -- were initially
suspended by the quake, but they appeared undamaged.
 Officials confirmed that the two biggest mines in the far north --
Escondida and Chuquicamata -- were unaffected, and a union leader said
transport between Escondida and port facilities had not been disrupted.
 State-run Codelco said its El Teniente complex was operating again on
Sunday and that the Andina mine should also start, although sufficient power
had not yet been restored late on Sunday. A company official said the pace of
output recovery at El Teniente would depend on power supply.
 El Teniente is the world's biggest underground copper mine with output of
404,000 tonnes in 2009.
 Codelco's 435,000 tonne per year Caletones smelter was also set to resume
operations on Sunday, a spokesman said.
 Anglo-American (AAL.L) shut its Los Bronces and El Soldado mines, which
together produce around 280,000 tonnes of copper annually, after the quake cut
energy supplies, but a union leader said Los Bronces had resumed activity late
on Saturday. He did not know if El Soldado was operating.
 A company spokesman could not be reached on Sunday. Anglo-American has been
planning to expand the 238,400 tonnes per year Los Bronces deposit.
 No one could be reached at the company to clarify the situation at the
mines on Sunday.
 Freeport McMoRan Copper & Gold Inc (FCX.N) said the quake did not damage
its two mines, but said a power outage at its Candelaria mine had caused a
temporary shutdown. [ID:nWEN0976]
 Xstrata XTA.L and BHP Billiton (BHP.AX)XTA.L said all their operations
were running normally.
 Smaller miners reported little impact. Barrick Gold Corp (ABX.TO), Kinross
Gold Corp (K.TO) and Breakwater BWR.TO said their mines had not been
affected. Teck Resources Ltd (TCKb.TO) said the quake had not impacted its
Andacollo and Quebrada mines, though they could still be hit by power supply
 The Chilean copper-exporting port of San Antonio was closed, but Codelco
officials said roads leading to the port were in good condition. The port of
Valparaiso, which is not used for metals exports, was also closed.
 The key copper-exporting ports of Antofagasta and Mejillones were operating
 Here is an overview of major mines and smelters in Chile:
 Mine          Location            Operator       Output  Status  KM Dist from
 El Teniente   75km S of Santiago  Codelco        404,000  ops resumed  240
 Andina        50km NE of Santiago Codelco        210,000  ops suspend  320
 Los Bronces   65km NE of Santiago Anglo-American 235,000  ops resumed  335
 El Soldado    132km N of Santiago Anglo-American  50,000  ops suspend  400
 Los Pelambres 200km NE of SantiagoAntofagasta    310,000  n/a          480
 Candelaria                        FreeportMcMoRan185,000  power outage 650
 Escondida     far north           BHP Billiton   780,000  ops normal   750
 Collahuasi    far north           Xstrata/Anglo  435,000  ops normal 1,000
 Chuquicamata  far north           Codelco        565,000  ops normal 1,140
 Top smelters   Near               Operator       Capacity Status KM Dist from
 Caletones       El Teniente       Codelco        435,000  ops suspend  250
 Potrerillos                       Codelco        195,000  ops normal   750
 Altonorte       Antofagasta Port  Xstrata        268,014  n/a          926
 Chuquicamata    Chuquicamata      Codelco        590,130  ops normal 1,140
 * Status as of 2230 GMT on Sunday from Reuters reports.
 * Output as of 2009 from Metals Production Database; Teniente/Andina output
as of 2009 from company; Bronces/Soldado output as of 2008 from company
 * Location is based on company information, public data
 * Distance best estimate using company data, Google Maps
 (Reporting by Alonso Soto in Santiago and Euan Rocha in Toronto)


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