Antofagasta to go ahead with $4.4bn Centinela concentrator plant

Chile-based copper miner Antofagasta said it was going ahead with the $4.4bn construction of a second concentrator at its Centinela operation to boost production.

The concentrator is expected to produce an additional 170,000 tonnes of copper equivalent tonnes a year, comprising of 144,000 tonnes of copper production, 130,000 ounces of gold and 3,500 tonnes of molybdenum, with a 36-year mine life.

Construction expected to commence after definitive project finance documents have been executed during the first quarter of 2024.

Reporting by Frank Prenesti for Sharecast.com