Marubeni : Minera Centinela Moves to Convert Mining Operations to 100% Renewable Energy in 2022
April 03, 2020 at 05:59 am EDT
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April 3, 2020
Marubeni Corporation
Minera Centinela Moves to Convert Mining Operations to 100% Renewable Energy in 2022
Minera Centinela, which is owned 30% by Marubeni Corporation (hereinafter, "Marubeni") and 70% by Antofagasta plc (hereinafter, "Antofagasta"), one of the world's leading copper producers, has signed a power purchase agreement on March 31st, 2020 with ENGIE Energía Chile S.A. The terms of the agreement state that, beginning in 2022, all Minera Centinela mining operations will convert from coal fire to renewable energy.
Marubeni has already announced that mining operations at MineraAntucoya, which is 30% owned by Marubeni, will also be converting to renewable energy. This means that, from 2022 onwards, all copper mines in which Marubeni has participated will be powered by 100% renewable energy.
The Centinela copper mine which Marubeni acquired 30% of the mine in 2008, is located in the northern II Region of Chile, 180km northeast of Antofagasta City and the annual copper production is around 270,000 tonnes.
Marubeni's objective in securing high quality copper assets is to meet the expected increase in demand for such assets due to use in electric vehicles and the development of an IoT society. Additionally, Marubeni will contribute to the stable supply of copper in Japan, reduce the environmental burden of copper mines, and continue to further strengthen its copper business foundation from a long-term perspective.
< Antofagasta >
Company Name
： Antofagasta plc
Location
： London, United Kingdom
Founded
： 1888
Business Activities
： Mining, Transportation, Water business
HP
：http://www.antofagasta.co.uk/
< ENGIE Energía Chile S.A. >
Company Name
： ENGIE Energía Chile S.A (Chile subsidiary of the French power and
gas company, ENGIE S.A.)
Location
： Santiago, Chile
Founded
： 1981
Business Activities
： Generation, transmission and supply of electricity and the
transportation of natural gas in Chile
HP
：https://www.engie.cl/
< Minera Centinela >
Location
： Republic of Chile, II Region (Antofagasta)
Ore Reserve
：1,845 million tonnes (As of Dec, 2018)
：326millon tonnes (As of Dec, 2018)
Copper Production
： Apporx. 270,000 tonnes (annual)
Production Period
： 2001 - 2068
Company
Share
Ownership
Antofagasta PLC
70%
Marubeni
30%
Reference > ・May 30th, 2019
Minera Antucoya Moves to Convert Mining Operations to 100% Renewable Energy in 2022 https://www.marubeni.com/en/news/2019/release/20190530E.pdf
・September 3rd, 2015
New copper mining property in Chile https://www.marubeni.com/en/news/2015/release/00025.html
・July 11th, 2014
Marubeni approved to establish new mining company Minera Centinela in Chile https://www.marubeni.com/en/news/2014/release/00030.html
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Marubeni Corporation published this content on 03 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2020 09:58:07 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
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