stefan romedahl, gm boliden tara mines boliden tara mines · garpenberg zinc mine 2.5 mtonne...
TRANSCRIPT
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Stefan Romedahl, GM Boliden Tara Mines
1 Boliden Tara Mines
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This is Boliden
Metal company with focus on sustainable development.
Core competence within Exploration, Mining, Smelting Metal recycling.
Produce and sell Copper, Zinc, Lead, Silver and Gold.
Five mining areas and five smelters.
2 Boliden Tara Mines
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Safety and Environmental excellence are key focus areas within Boliden operations
LTI 9 (15) Medical Aid 68 (98)
First Aid 77 (71) Near Misses 45 (42)
Fires 7 (6), Smoke 4 (6)
Hazards 1701 (858) Inspections 744 (727)
Safety Actions 3856 (2550)
ISO accredited
3 Boliden Tara Mines
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Delivering operational excellence
Operational excellence
Productivity - availability Metallurgy Project management
Focusing on profitable growth
Organic expansion
M&A
4 Boliden Tara Mines
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Two large organic expansion projects conducted during the last decade
Aitik Copper Mine 36 Mtonne ore/year Head grade 0.2 % Investment decision 2006 Environmental licence January
2008 Construction time 2 years Commissioning March 2010 Total Capex 550 M Euro
Garpenberg Zinc Mine 2.5 Mtonne ore/year Head grade Zn 5 % By products Ag,Pb,Cu and Au Investment decision 2011 Construction time 2011-2014 Commissioning March 2014 Total Capex 350 M Euro
5 Boliden Tara Mines
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World-class design
Fundamentals ‒ Geological target, conceptual
study ‒ Mineral resource, pre
feasibility ‒ Mineral reserve, feasibility
study
Mine ‒ Infrastructure – production
areas – stopes
Concentrator ‒ Mill ‒ Flotation ‒ Dewatering ‒ TMF
6 Boliden Tara Mines
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High level of productivity but more to be achieved
Citronen project (Grönland)
Pyhäsalmi (Finland)
777 (Kanada) Doe Run (USA)
Aguas Tenidas (Spanien) Tayahua Project
(Mexiko) Cerro Lindo
(Peru) Kazakhmys (Kazahstan)
Garpenberg
Boliden-området Tara
0.00.51.01.52.02.53.03.54.04.55.0
0 1 2 3 4 5 6
tonne per man hour
Million tonne ore production per year
Zinc - underground mines 2016
Mineral Park (USA)
Gibraltar (Kanada) Mount Milligan
(Kanada) Boddington (Australien) Butte (USA)
Highland Valley (Kanada) Sierrita (USA)
Bingham Canyon (USA)
Antamina (Peru) Cerro Verde (Peru) Los Pelambres
(Chile) Collahuasi (Chile) Escondida (Chile)
Aitik
0
5
10
15
20
25
30
35
0 20 40 60 80 100
tonne per man hour
Million tonne ore production per year
Copper - open pit with mill 2014
7 Boliden Tara Mines
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Increasing performance at mine and mill
Key productivity drivers at mine Minimizing lead time between work processes at faces/stopes/benches
Key drivers for the concentrator Optimizing availability of mill/flotation/dewatering and metallurgical performance
8 Boliden Tara Mines
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Integrated control system drives efficiency
Integrated control system for mine and mill ‒ Increased efficiency ‒ Lower costs
Mobile control room ‒ Enables operators to monitor and adjust in
real time
Control system integrated with maintenance system ‒ Only one original document ‒ All share same info ‒ Improved surveillance ‒ Easier to spot errors ‒ Real time updates improves visibility
WLan ‒ Enable status control and operational
guidance
9 Boliden Tara Mines
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Boliden Tara Mines (Tara) today
Tara current realities Decreasing Resources & Reserves (R&R) Decreasing head grades High cost level
10 Boliden Tara Mines
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Tara ore body value position Net grade (increased by by-products)
75
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Cash Cost (normal) Zn
Boliden Garpenberg Tara
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Two Focus Areas For Tara
• Cost reduction
• Near mine exploration and treatment of R&R
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Restructuring Tara for improved profitability
Lowering headcount 2013 700 2014 Q3 620 2015 590 Decrease mobile fleet
Optimization on-going
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Boliden Exploration in Ireland
Concentrate on near mine exploration proximate to Tara
Boliden ceased regional
exploration July 2014 Boliden open to joint
ventures on the regional exploration projects
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Irelands Zinc metal production
0%
1%
1%
2%
2%
3%
3%
4%
4%
5%
5%
0%
10%
20%
30%
40%
50%
60%
Share of World production
Share of European production
Ireland´s share of zinc mine production (metal in concentrate)
share of Europe Share of World
Source: Wood Mackenzie, Zinc market outlook Q4 2014
0
200
400
600
800
1000
1200
1400
1600
Kt metal in concentrate
Ireland´s share of zinc mine production (metal in concentrate)
Rest of Europe Irland
Source: Wood Mackenzie, Zinc market outlook Q4 2014
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Strength and Opportunities Exploration opportunities Great geological potential Strong initial support from authorities Infrastructure Generally good – (rail, road, ports and power grid)
Weakness and Threats Cost base High employment costs in the mining sector in general One of the highest energy cost countries in Europe Tax regime Corporate Tax rate in Ireland 12.5% BUT Mining 25% (plus Royalty payments) Regulation Long lead time to an operational mine – 8+ years dealing with regulatory authorities. Complex closure requirements – long monitoring period in closure (active-passive
rehabilitation – monitoring).
Challenges for Mining Industry in Ireland
17 Boliden Tara Mines