|
Antofagasta PLC - London-headquartered, Chile-focused miner - Confirms that the Chilean Environmental Authority has approved the environmental impact assessment from Zaldivar for a mine life extension and water transition. Zaldivar is an open-pit, heap-leach copper mine in Chile. Company says the relevant application was for an extension of Zaldivar’s mine life to 2051, and a transition to a long-term supply of either sea water or water from a third-party source. Antofagasta adds that the mine plan includes the current secondary sulphide ore reserves, and that from a permitting perspective it enables the development of primary sulphide ore. Says Zaldivar will keep using its existing water supply through to 2028, before evaluating the best alternative for a long-term supply beyond that year. ‘Following two years of permitting process, and through a detailed and proactive engagement with communities, government and other stakeholders, we have achieved a result that facilitates operational continuity and employment for our own and contractor workforce, as well as for numerous local businesses that support Zaldivar in its operations,’ comments Chief Executive Officer Ivan Arriagada. ‘Looking forward, today’s announcement further derisks our business, allowing us to focus on realising Zaldivar’s full potential.’ Current stock price: 1,849.00 pence, down 0.4% in London on Friday 12-month change: down 19% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
