Antofagasta secures $2.5B financing for Centinela mine expansion project

seekingalpha03-19

Antofagasta (OTC:ANFGF) said Tuesday it signed a $2.5B financing deal for an expansion project at its Centinela mine in Chile that would add 144K metric tons/year of copper production, and sold water ...

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The company said it entered into an option to receive water for Centinela mine operations from an international consortium that would buy its water supply system and build an expansion of it to supply the mine's second concentrator project. The Centinela mine's second concentrator is expected to contribute 170K metric tons/year of copper, or more than a quarter of last year's total output; Antofagasta (OTC:ANFGF) expects first copper production from the project in 2027. Antofagasta (OTC:ANFGF) owns 70% of the Centinela mine, while Japan's Marubeni (OTCPK:MARUY) (OTCPK:MARUF) owns the rest.  More on Antofagasta  Antofagasta Q4 2023 Earnings Call Transcript Antofagasta: An Emerging Attractive Entry Point For Stronger Growth Prospects Historical earnings data for Antofagasta","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420271102"}