financetom
Business
financetom
/
Business
/
Chilean miner Codelco to use recycled material for ball milling at El Teniente mine
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chilean miner Codelco to use recycled material for ball milling at El Teniente mine
Jan 30, 2025 3:19 AM

SANTIAGO, Jan 30 (Reuters) - Chilean state-owned miner

Codelco said on Thursday it would use grinding balls made from

recycled material in its flagship El Teniente mine, allowing it

to reduce carbon dioxide emissions.

WHY IT'S IMPORTANT

The move, which involves a five-year contract with

Magotteaux Andino, a unit of Chile's Sigdo Koppers, is part of

efforts by the world's largest copper producer to cut its

greenhouse gas emissions by 25% by 2030.

KEY QUOTE

"This is the first grinding ball contract that incorporates

a 100% supply model from recovered material," said Mauricio

Acuna, Codelco's vice president of supply, said in a statement

from the company.

Acuna added that during 2025, Codelco's Andina division will

gradually incorporate this same circular supply model.

BY THE NUMBERS

The manufacturing process generates a carbon footprint 53%

lower than the input previously used in El Teniente and will

allow the reduction of 40,000 annual tonnes of CO2, equivalent

to the annual emissions from about 8,500 vehicles.

(Reporting by Fabian Cambero; Editing by Lincoln Feast.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved