Antofagasta approves $1.3bn Los Pelambres expansion
Chilean miner Antofagasta has approved a $1.3bn expansion of its Los Pelambres copper mine in Chile, chief executive Ivan Arriagada said on Thursday.
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The expansion will produce additional ore equal to an extra 60,000 tonnes a year of refined copper over the first 15 years of the expansion project, lifting the mine's output for the first time in over a decade, Arriagada added.
Treatment capacity will rise to 190,000 tonnes per day of ore from 175,000 tonnes.