Antofagasta Signs $600-Million Deal To Boost Water Supply For Centinela Expansion
Portfolio Pulse from Stjepan Kalinic
Antofagasta has signed a $600-million deal to enhance water supply systems in northern Chile, crucial for expanding its Centinela mine. This investment will boost annual copper production by 140,000 tons and diversify the mine's output with additional molybdenum and gold. The project will commence in 2026, creating 1,500 local jobs.

June 06, 2024 | 1:27 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Antofagasta's $600-million deal to enhance water supply for the Centinela mine will significantly boost copper production and diversify output, positively impacting revenues and sustainability efforts.
The $600-million investment in water supply infrastructure is crucial for expanding the Centinela mine, which will increase copper production by 140,000 tons annually. This expansion will also diversify the mine's output with additional molybdenum and gold, positively impacting Antofagasta's revenues and sustainability efforts. The project will create 1,500 local jobs, further reinforcing the company's commitment to community engagement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100