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Anglo American PLC Announces 19% Increase to Mineral Resources and Ore Reserves at Collahuasi


Thursday, 7 Feb 2013 02:00am EST 

Anglo American PLC announced that its 44%-owned copper mine in Chile, Collahuasi, declared new Measured, Indicated and Inferred Resource increase by 1.4 billion tonnes to over 9.0 billion tonnes at an average grade of 0.81% copper and 0.02% of molybdenum. This represents a 19% increase on the previous estimate published in December 2011. Total contained copper metal has increased by 23% to around 73 million tonnes. The Ore Reserves have increased by 10% compared to the previous year, up 292 million tonnes to a total of 3.2 billion tonnes at an average grade of 0.81% copper. This new estimate is the result of new drill results, geological modeling updates, mining design optimization and adjustments to metal price assumptions. 

Company Quote

27639.0
-288.0 -1.03%
27 Aug 2014