FACTBOX-Chile copper mines, ports recover from quake
March 1 (Reuters) - Chile's mines reopened Monday while its seaports struggled to get back to normal in the wake of Saturday's massive earthquake which disrupted power supply and shut nearly a quarter of the top copper producer's output.
Both of the Latin American country's refineries remained shut. Still, despite huge damage to electricity installations, the country's top power provider said Monday it was able to meet demand.
Copper futures jumped to their highest in more than five weeks on Monday but trimmed some of their gains as the mines reopened.
Following are details in the aftermath of the quake, which struck early Saturday 70 miles (115 km) northeast of Concepcion and about 200 miles (320 km) south of Santiago.
For a full story see: [ID:nN01130418]
For a map showing the epicenter, click here
MAJOR MINES, SMELTERS
Mines producing over 1.2 million tonnes a year -- nearly a quarter of the country's total 5.4 million tonnes last year -- shut because of the quake, but production started to recover on Sunday despite erratic power supplies and got back to normal on Monday.
* The two biggest mines in the far north -- Escondida, Chuquicamata and Collahuasi, which together produce a third of Chile's copper -- were not affected. A union leader said transport between Escondida and port facilities was not disrupted.
* Xstrata XTA.L and BHP Billiton (BHP.AX)XTA.L said all their operations were running normally. [ID:nN27187266]
* State miner Codelco's El Teniente complex was operating again on Sunday.
* Anglo-American (AAL.L) said its Los Bronces, El Soldado and Mantoverde mines -- which produced 341,300 tonnes or half the company's copper output last year -- had resumed activity. It also restarted operations at the 137,700 tpy Chagres smelter. [ID:nN01239192]
* Operations at Antofagasta's (ANTO.L) flagship Los Pelambres mine resumed on Sunday after the quake temporarily disrupted power supplies and the company said it did not expect further disruption at the site. Its mines in the north were not affected. [ID:nLDE6200PQ]
* Freeport McMoRan Copper & Gold Inc (FCX.N) was resuming normal production at its Candelaria mine although power supply problems persisted. [ID:nWEN1000]
OIL REFINERIES AND LNG TERMINALS
* Chile's top electricity provider Transelec said Monday it would be able to meet power demand despite damages to installations after a massive earthquake that cut supplies in swathes of the country.
* State energy firm ENAP shut down ts 116,000 barrel-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. [ID:nN27177467]
* BG (BG.L) said the Quintero LNG terminal was not damaged by the quake. [ID:nN01251176]
* The newly-completed Mejillones LNG terminal in northern Chile was unaffected by the quake, a GDF spokesman said.
SMALLER MINERS REPORT NO DAMAGE
Smaller miners reported little effect.
* 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 restrictions. Yamana Gold Inc (YRI.TO) says El Penon operations not seriously impacted.
SMALLER PORTS RESUMING, STEEL PLANTS SHUT
* The Chilean copper-exporting port of San Antonio set to resume operations at 1500 GMT. [ID:nN01241664]
* Key copper-exporting ports of Antofagasta and Mejillones in the north were operating normally.
* Steelmaker CAP CAP.SN closes southern unit due to damage. [ID:nN01142813]
Here is an overview of major mines and smelters in Chile: Major Mines Location Operator Output Status El Teniente 75km S of Santiago Codelco 404,000 ops resumed Andina 50km NE of Santiago Codelco 210,000 ops suspend Los Bronces 65km NE of Santiago Anglo-American 235,000 ops resumed El Soldado 132km N of Santiago Anglo-American 50,000 ops resumed Los Pelambres 200km NE of SantiagoAntofagasta 310,000 ops resumed Candelaria FreeportMcMoRan185,000 starting up Escondida far north BHP Billiton 780,000 ops normal Collahuasi far north Xstrata/Anglo 435,000 ops normal Chuquicamata far north Codelco 565,000 ops normal Minor Miners Reporting No Impact: ** please insert Top News headlines here... ** Top smelters Near Operator Capacity Status Caletones El Teniente Codelco 435,000 ops suspend Potrerillos Codelco 195,000 ops normal Altonorte Antofagasta Port Xstrata 268,014 n/a Chuquicamata Chuquicamata Codelco 590,130 ops normal Energy facilities Location Operator Capacity Status BioBio Refinery N of Conception ENAP 116,000 shut Aconcagua Refinery near Santiago ENAP 100,000 shut Quintero LNG 110km NE of Santiago BG 2.5 mln Ts unaffected Mejillones LNG GDF Suez unaffected
* Output as of 2009 from Metals Production Database (here); Teniente/Andina output as of 2009 from company; Bronces/Soldado output as of 2008 from company Website.
* Location 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)
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing plane: sources |
- Kremlin website hit by 'powerful' cyber attack
- West prepares sanctions as Russia presses on with Crimea takeover |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data