REG - Antofagasta PLC - Los Pelambres Update

AntofagastaAnnouncement

08/05/2018 07:05

2018-05-08T06:01:22.116Zreuters.comtag:reuters.com,2018-05-08:newsml_RSH3067Na:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-08T06:01:22.116Z2018-05-08T06:01:22.116Z____UCDP:parsn_lse_10.54.4.69_1.2.37235:2019-06-08T06:01:22.116Z3RSH3067NaREG - Antofagasta PLC  - Los Pelambres UpdateCommodities MarketsCopper Ore Mining (TRBC level 5)LEGACY: Basic Materials (TRBC)LEGACY: Mineral Resources (TRBC)LEGACY: Metals & Mining (TRBC)Basic Materials (TRBC level 1)Mineral Resources (TRBC level 2)Metals & Mining (TRBC level 3)Specialty Mining & Metals (TRBC level 4)Emerging Market CountriesWestern EuropeChileUnited KingdomEuropeSouth AmericaSouth America / Central AmericaSuggested SourcesNews AnnouncementsRegulatory Corporate News AnnouncementsMiningCompany NewsBase MetalsCopperMetals MarketsEurope daily earnings hits & missesAntofagasta PLC








RNS Number : 3067N
Antofagasta PLC
08 May 2018
 

              NEWS RELEASE, 8 MAY 2018
 
 
LOS PELAMBRES UPDATE
DELAY IN CONCENTRATES SHIPPING
 
 
During scheduled preventative maintenance, which was completed on 16 April, testing of the pipeline that transports concentrates from the processing plant at Los Pelambres to the port at Los Vilos revealed the presence of a blockage. Operation of the pipeline was immediately suspended.
No damage to the pipeline has been detected and no leak has occurred.
The blockage has now been successfully cleared and filtering of concentrates at the port resumed on 5 May. Throughout the period the pipeline has been suspended, the mining operation and processing plant have continued to operate normally with concentrates being stockpiled at the plant, and shipments from the port have been rescheduled.
It is estimated that it will take up to 3 months for the stockpiles at the plant and the port to return to normal levels. The cause of the blockage has been identified and maintenance procedures have been altered accordingly.
The impact of the blockage on production, which is measured as the quantity filtered at the port, for the six months to 30 June is estimated to be approximately 10,000 tonnes of copper. Sales in the same period are expected to be impacted by some 15,000 tonnes. For the full year, the impact on production and sales is estimated to be less than 5,000 tonnes for both and therefore production guidance for the full year remains unchanged at 705-740,000 tonnes. 
No material capital expenditure has been involved in bringing the pipeline back to normal operations.  
 
 
 
 
 
                                                                                                                                                                                                ______
Investors - London                                                                                 Media - London
Andrew Lindsay                    alindsay@antofagasta.co.uk                            Carole Cable         antofagasta@brunswickgroup.com
Telephone                               +44 20 7808 0983                                   Telephone               +44 20 7404 5959
Andres Vergara                    avergara@antofagasta.co.uk                            Will Medvei          antofagasta@brunswickgroup.com
Telephone                               +44 20 7808 0988                                   Telephone               +44 20 7404 5959
 
Investors - Santiago                                                                               Media - Santiago
Francisco Veloso                 fveloso@aminerals.cl                        Pablo Orozco         porozco@aminerals.cl
Telephone                               +56 2 2798 7000                                     Carolina Pica        cpica@aminerals.cl
Telephone               +56 2 2798 7000
                                                                                                                                                                                                _____



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEVLBBVEFEBBQ