Candelaria Mining Complex

The Candelaria Copper Mining Complex comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, that produce copper concentrates from an open pit and underground mines. The complex is indirectly owned by Lundin Mining (80%) and Sumitomo (20%), with Lundin Mining having acquired its ownership from Freeport-McMoRan Inc. in 2014.

  • Mine Copper, Gold and Silver
  • Type Open Pit and Underground Mine
  • Ownership 80% Lundin Mining
  • Location Atacama Region, Chile

Location Overview

Located in Chile’s Atacama Region, Region III, at an elevation of approximately 650 m above sea level and 20 km south of the city of Copiapó, the Candelaria Copper Mining Complex is easily accessed using the public road system.  Copiapó is a modern city with all regular services and a population of approximately 160,000. Employees come primarily from the Copiapó region. The regional Atacama airport is serviced by daily commercial flights from Santiago and other destinations.


Operation Overview

Candelaria is an open pit and underground mining operation providing copper ore to an on-site processing plant with a capacity of approximately 75,000 tonnes per day (tpd). Ojos del Salado comprises two underground mines, Santos and Alcaparrosa. The approximate 3,800 tpd capacity PAC processing facility receives ore from the Santos mine, while ore from the Alcaparrosa mine is treated at the Candelaria processing plant.

The Candelaria open pit mine operates with an overall mining rate of approximately 270,000 tpd including approximately 43,700 tpd of ore sent to the Candelaria processing plant. Five phases of development remain in the life of mine plan as of June 2019. The overall strip ratio of the remaining life of mine plan is 2.4:1 including ore delivered to stockpiles.

The Candelaria underground, North and South Sectors, produce at approximately 14,000 tpd on average. The Alcaparrosa underground mine produces approximately 4,400 tpd of ore and the Santos underground mine produces approximately 5,300 tpd of ore. The three underground mines of the complex utilize a sublevel stoping mining method for ore extraction.

Copper concentrates containing precious metals are sold on contract to local smelters or trucked to the Punta Padrones port, near Caldera, for export to overseas smelters.


Geologic and Exploration Overview

The copper-gold sulphide mineralization found at the Candelaria Copper Mining Complex is generally referred to as iron oxide copper gold (IOCG) mineralization. Depending on lithology and the structural setting, the polymetallic sulphide mineralization can occur as veins, hydrothermal breccias, replacement mantos, and calcic skarns within andesite and tuff units. Candelaria has become an exploration model for Andean-type IOCG deposits that display close relationships to the plutonic complexes and broadly coeval fault systems.

The complex has been a significant producer of copper since the mid-1990s and ongoing exploration is conducted with the primary purpose of supporting mining and increasing estimated Mineral Resources and Mineral Reserves. Over $250 million has been invested between 2010 and 2020 in exploration primarily in the proximity of the Candelaria open pit, the Española project area and at the three underground mines. Exploration is currently focused on the known mantos, veins, and breccia masses in proximity to existing underground infrastructure. This strategy has proven very effective and has resulted in significant expansion of the Mineral Resource and Mineral Reserve estimates of the underground mines under the ownership of Lundin Mining and has contributed to the extension of their mine lives. Regional exploration is also undertaken on the large properties surrounding the mines to identify targets and define new areas with Mineral Resource estimates.

2023 Guidance

  • Dump Truck
    145,000 – 155,000 t of copper
    85,000 – 90,000 oz of gold
    Production (100% basis)
  • Coins
    $1.80/lb - $1.95/lb of copper C1 Cash Costs1
  • Cash Arrows
    $400M Capex (100% basis)
  • Worker
    $12M Exploration (100% basis)

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1These are non-GAAP measures. Please refer to the Company’s Management’s Discussion and Analysis for the year ended December 31, 2021 “Non-GAAP and Other Performance Measures”, for the GAAP reconciliation. The Candelaria 2021 full-year actual cash cost per pound of copper was $1.51. 

Reserves and Resources

Guidance & Outlook

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