Wednesday 29 April 2020

How can copper recovery at a plant "COMPAÑÍA MINERA DOÑA INÉS DE COLLAHUASI (Chile)" be 159-129%?

 From the series of publications  
"So they create a fairy tales for the investor" -  
"They draw up the necessary documents 
and begin to search for the simpleton..."


COMPAÑÍA MINERA DOÑA INÉS DE COLLAHUASI (Chile)

Owners:
Anglo American plc (44%), (UK)
Glencore (44%), (Switzerland)
Japan Collahuasi Resources B.V. (12%), consorcio integrado por Mitsui & Co., Nippon Mining & Metals Co. y Mitsui Mining & Smelting Co., (Japan)

Let's count together:
They promise to have a productivity of 170000-210000 tons per day.

If the plant works 365 days a year, 24 hours a day, the plant’s productivity will be 62.05-76.65 million tons per year.

The copper content in the ore is 0.72%.
The maximum amount of copper (theoretically possible) that they can extract from their ore is 446760-551880 tons per year of copper.

They promise to get 701000 tons of copper per year.
How is this possible?
How can one extract and sell something that does not exist in principle?

How can copper recovery at a plant "COMPAÑÍA MINERA DOÑA INÉS DE COLLAHUASI (Chile)" be 159-129%? (The recovery cannot be more than 100%!)

IMXO: It is theoretically impossible to produce such an amount of copper at the plant and they will have a deficit of 263240-158120 tons of copper per year.

Ph.D. Natalia Petrovskaya


 References
https://www.mch.cl/wp-content/uploads/sites/12/2020/01/MCH463_digital-1.pdf

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