Antofagasta plc (LSE: ANTO) lately commemorated the 25 th wedding anniversary of its front runner copper mine, Los Pelambres, located in Chile’s Coquimbo area, concerning 240 kilometres north of Santiago.
As one of the biggest copper mines on the planet, Los Pelambres has actually created greater than 8.5 million tonnes of the commercial steel to day. In 2014, its result involved 320,000 tonnes, rating simply outside the top 10 producers globally.
In 2024, Antofagasta finished its Stage 1 growth task, which made up the building and construction of a desalination plant and water pipe from the shore to the El Mauro tailings storage space center, and a growth to the concentrator plant by setting up added mills and flotation protection cells.
Complying With the Stage 1 growth, the business started 2 brand-new tasks: a brand-new concentrate pipe that will certainly adhere to a much less inhabited path, and a broadened desalination plant to assist reach its objective of having 90% of water usage originating from salt water or recirculated resources.
According to the London-listed copper miner, both tasks are currently bearing down spending plan and on time, sustained by over 3,000 professionals released throughout the websites.
Additionally, the business is trialing a trolley-assist system, powered completely by renewable resource, that is anticipated to help in reducing the mine’s diesel usage by haul vehicles, supplying cost savings both in regards to prices and Extent 1 discharges. The test, consisting of expediency research studies, is anticipated to happen over the following 2-3 years.
Antofagasta likewise sees area involvement as an important component of its procedures at Los Pelambres. For this, it developed the Somos Choapa program, focused on sustaining numerous efforts in host neighborhoods in the Choapa Valley. To day, it has actually carried out over 150 tasks in its initial 10-year cycle, which finished in 2024.
Antofagasta, majority-owned by Chile’s Luksic household, thinks that these significant tasks at Los Pelambres will certainly assist to supply one more 25 years of manufacturing and worth development. Therefore, the business has actually sent an ecological effect analysis for its advancement alternatives task, which might expand the mine’s life to 2051.
A video clip commemorating the turning points attained in establishing the Los Pelambres mine can be seen here.
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