Antofagasta PLC LOS PELAMBRES CONCENTRATE PIPELINE INCIDENT UPDATE (8880O)
15 Junio 2022 - 1:00AM
UK Regulatory
TIDMANTO
RNS Number : 8880O
Antofagasta PLC
15 June 2022
NEWS RELEASE, 15 JUNE 2022
LOS PELAMBRES - CONCENTRATE PIPELINE INCIDENT UPDATE
Following the announcement on 7 June concerning a leak in the
concentrate pipeline at Los Pelambres, the restrictions to access
have now been partially eased. As a result, repairs to the pipeline
have commenced, however some access restrictions remain that will
prolong the time required to complete the scheduled work.
Engagement with the authorities and communities continues, with the
aim of removing these remaining road access restrictions. Given the
outstanding repair work and the testing required for a safe
restart, which includes working with the relevant local regulator,
it is expected that the operation of the pipeline will be resumed
by the end of June.
During the shutdown the processing plant has been operating at
lower rates of throughput, with concentrates being stockpiled at
the plant. These will be transferred to the port between July and
October using the spare capacity of the pipeline.
As of the date of this release, full year copper production for
the Group is expected to be at the bottom end of the original 660 -
690,000 tonnes guidance range. A further update on the impact of
the leak will be provided in the Company's 2Q Production Report on
20 July.
Total expenditure to repair the pipeline and bring it back to
normal operations is not expected to be material.
Investors Media - London
- London
Andrew Lindsay alindsay@antofagasta.co.uk Carole Cable antofagasta@brunswickgroup.com
Telephone +44 20 7808 0988 Telephone +44 20 7404 5959
Rosario Orchard rorchard@antofagasta.co.uk
Telephone +44 20 7808 0988 Media - Santiago
Pablo Orozco porozco@aminerals.cl
Carolina Pica cpica@aminerals.cl
Telephone +56 2 2798 7000
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