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ABB wins $50 million mining order in Peru
Electrification and automation systems for high-altitude copper mine and concentrator plant
ABB.com, Press Release
Zurich, Switzerland, March 24, 2010 – ABB, the leading power and automation technology group, has won a $50 million order from Minera Chinalco Peru S.A. to supply electrification and automation systems for a new copper mine and concentrator plant.
The processing plant at Toromocho will be located at an altitude of 4,500 meters in central Peru, in the Morococha mining district 140 kilometers east of Lima, the country’s capital. The concentrator will produce approximately 1 million tons of copper concentrate annually, as well as some silver and molybdenum trioxide.
“The quality and reliability of ABB’s technologies will help to maximize productivity at this new mine,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “The order is testimony to the strength of our power and automation portfolio and our global expertise in the mining industry.”
ABB will engineer and supply the 23 kV (kilovolt) main switchgear, unit substations and distribution transformers, prefabricated electrical rooms containing medium- and low-voltage switchgear, variable-speed drives and motor control centers, as well as a plant-wide process automation system using ABB’s Extended Automation System 800xA.
In 2009, ABB won a separate order from Minera Chinalco to supply the Toromocho mine with three gearless mill-drive systems to grind the mineral ore into smaller pieces prior to further processing. They will be the world’s largest and highest-altitude gearless mill-drive systems.
ABB (www.abb.com) is a leader in power
and automation technologies that enable
utility and industry customers to
improve their performance while lowering
environmental impact. The ABB Group of
companies operates in around 100
countries and employs about 117,000
Toromocho Copper Mining Project
In 2007, Aluminum Corporation of China (Chinalco) acquired 100% of Peru Copper Inc. (listed in Canada, US and Peru prior to Chinalco's acquisition) for US$860 million. Peru Copper Inc owns the development rights to the Toromocho copper mining project in Peru. Chinalco believes that Toromocho is one of the highest quality undeveloped copper projects in the world, taking into account factors such as its significant reserve, low stripping ratio, long life and infrastructure support. Its estimated reserve of copper is over 7.3 million tonnes and estimated resource is over 12 million tonnes, significantly increasing Chinalco’s copper reserve for future production. Chinalco expects to invest US$2.15 billion in the project to achieve a planned capacity of copper metal of 250,000 tonnes per annum by 2012.
This project represents an important step in Chinalco’s strategic expansion outside China. Chinalco expects to utilise its financial and technical strengths to develop the Toromocho Project.
Chinalco is China’s largest diversified mining company and one of the fastest growing companies in China.