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COPPER MEETS OUR FUTURE NEEDS · Michiquillay Los Chancas Rosemont Norte Abierto Wafi Golpu...

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COPPER MEETS OUR FUTURE NEEDS i U.S. Geological Survey, 2019 ii International Copper Study Group, 2018 iii U.S. Geological Survey, 2014 & 2017 iv International Copper Study Group, 2017 COPPER IS FOUND IN MORE THAN 20 COUNTRIES across the globe, with the world’s largest producers being Chile, Peru, China and the U.S., according to the International Copper Study Group (ICSG). iv Including reserves, discovered and potentially proftable deposits and undiscovered deposits predicted based on preliminary geological surveys. Reserves (million tonnes) Mine Production (million tonnes) Reserves/MineProduction Ratio (years) 800 700 600 500 400 300 ’50 ’55 ’60 ’65 ’70 ’75 ’80 ’85 ’90 ’95 ’00 ’05 ’10 ’11 ’14 ’12 ’15 ’13 ’16 ’17 200 100 0 38 50 39 42 47 61 49 43 35 35 26 31 40 43 38 40 38 38 36 40 HISTORICAL COPPER RESERVES VS. COPPER ANNUAL PRODUCTION in million tonnes (USGS, 2018) Cu Recycling and the circular economy play key roles in meeting future copper demand. COPPER IS A CIRCULAR MATERIAL AS IT DOES NOT LOSE QUALITY WHEN IT IS REUSED FOR ANOTHER FUNCTION. RECYCLING MORE COPPER WILL HELP MEET DEMAND AND CONSERVE MORE OF THE PLANET’S NATURAL RESOURCES. sustainablecopper.org thinkcopper ANNUAL GLOBAL CU USAGE 28 MILLION TONNES ii 9.8 18.2 COPPER RESOURCES 5,000 MILLION TONNES iii Annual Cu needed to meet demand Est. annual global Cu recycling 1 s e c t io n = 1 y e a r o f r e s e rv es CURRENT GLOBAL CU RESERVES 46 YEARS 830 MILLION TONNES i
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Page 1: COPPER MEETS OUR FUTURE NEEDS · Michiquillay Los Chancas Rosemont Norte Abierto Wafi Golpu Cascabel (Alpala) Aynak Rio Blanco El Galeno Yandera NuevaUnion Casino Altar Cañariaco

COPPER MEETS

OUR FUTURE NEEDS

i U.S. Geological Survey, 2019ii International Copper Study Group, 2018

iii U.S. Geological Survey, 2014 & 2017iv International Copper Study Group, 2017

COPPER IS FOUND IN MORE THAN 20 COUNTRIES across the globe, with the world’s largest producers being Chile, Peru, China and the U.S., according to the International Copper Study Group (ICSG).iv

Including reserves, discovered and potentially profitable deposits and undiscovered deposits predicted based on preliminary geological surveys.

Reserves (million tonnes) Mine Production (million tonnes)

Reserves/MineProduction Ratio (years)

800

700

600

500

400

300

’50 ’55 ’60 ’65 ’70 ’75 ’80 ’85 ’90 ’95 ’00 ’05 ’10 ’11 ’14’12 ’15’13 ’16 ’17

200

100

0

38 50 39 42 47 61 49 43 35 35 26 31 40 43 3840 3838 36 40

HISTORICAL COPPER RESERVES VS. COPPER ANNUAL PRODUCTION

in million tonnes (USGS, 2018)

Cu

Recycling and the circular economy play key roles in meeting future copper demand.

COPPER IS A CIRCULAR MATERIAL AS IT DOES NOT LOSE QUALITY WHEN IT IS REUSED FOR ANOTHER FUNCTION. RECYCLING MORE COPPER WILL HELP MEET DEMAND AND CONSERVE MORE OF THE PLANET’S NATURAL RESOURCES.

sustainablecopper.org thinkcopper

ANNUAL GLOBALCU USAGE

28MILLION TONNESii

9.8

18.2

COPPER RESOURCES

5,000MILLION TONNESiii

Annual Cu needed to meet demand

Est. annual global Cu recycling

1 se

ctio

n = 1 ye

ar of reserves

CURRENT GLOBALCU RESERVES

46 YEARS

830 MILLION TONNESi

Page 2: COPPER MEETS OUR FUTURE NEEDS · Michiquillay Los Chancas Rosemont Norte Abierto Wafi Golpu Cascabel (Alpala) Aynak Rio Blanco El Galeno Yandera NuevaUnion Casino Altar Cañariaco

STATUS: Exploration Feasibility Developing Operating

Cobre Panama

Kakula & Kamoa

Resolution

Tampakan

El Pachon

La Granja

Taca Taca

Agua Rica

BaimskayaGalore Creek

Reko Diq

Vizcachitas

Ann Mason

Chaucha

Llurimagua

Jose Maria

King KingConga

Kimpe

El Arco

Shaft Creek

Frieda River

Panantza

Michiquillay

Los ChancasRosemont

Norte AbiertoWafi Golpu

Cascabel (Alpala)

Aynak

Rio BlancoEl Galeno

Yandera

NuevaUnion

Casino

AltarCañariacoPebble

Los AzulesHaquira

Radomiro Tomic(Sulphides)

Udokan

Quellaveco

DeziwaNicico (total projects)

Spence (Concs.)

Santo Domingo

Tia Maria

Ak-Sug

Mina Justa

Qulong

Pumpkin Hollow (incl. Exp)

Quebrada Blanca (Concs.)

COPPER MINE PROJECTS (CAP ≥100KTPY CU)

Total annual capacity of listed projects in this

chart with capacity ≥ 100 ktpy Cu is 11 Mt copper

Total annual capacity of other projects with

capacity below 100 ktpy Cu is 4 Mt copper

Projects in this box planned for after 2023 (not in chronologic order,

startup date NA)

sustainablecopper.org thinkcopper

Many operational mines have announced or are pending expansion plans.

COPPER PLAYS A KEY ROLE IN THE TRANSITION TO A CLEAN ENERGY ECONOMY. From smart homes to electric vehicles and energy storage, copper’s versatility makes it core to a variety of energy-efficient and renewable energy sources.

Extracting copper, therefore, is not reliant on one particular country or region, as is the case for other raw materials. This translates into

GREATER STABILITY FOR THE COPPER MARKET and lowers the copper risk profile.

Take a look at the current and

upcoming global mining projects

courtesy of the ICSG.

2019 Capacity Expansion until 2023 Future/Under consideration

800

1000

700

900

600

500

400(000t

Cu)

300

Oly

mpi

c D

Oyu

Tol

goi

El A

bra

Batu

Hija

u

And

ina

Cand

elar

ia

Los

Bron

cos

Sico

min

es

Cobr

a Pa

nam

a

Salo

bo

Cham

bish

i

Espe

ranz

a

Saff

ord

Colla

huas

i

Toro

moc

ho

Los

Pela

mbr

es

Akt

ogay

Kans

ansh

i

200

100

0

ANNOUNCED/POSSIBLE CAPACITY EXPANSION AT SELECTED MINES*

Possible future expanded capacity

at listed mines = 2.8 Mt Cu

*So

me

pen

din

g a

pp

rova

l


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