REG - Antofagasta PLC - 2023 REPORTING SUITE, 2024 AGM & CORPORATE UPDATE

AntofagastaAnnouncement

28/03/2024 07:00

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RNS Number : 6080I  Antofagasta PLC  28 March 2024

NEWS RELEASE, 28 MARCH 2024

 

PUBLICATION OF 2023 REPORTING SUITE, 2024 NOTICE OF ANNUAL GENERAL MEETING AND
CORPORATE UPDATE

 

Antofagasta plc ("Antofagasta" or the "Company") has today published the
following reports: the 2023 Annual Report and Accounts, the 2024 Notice of
Annual General Meeting, 2023 Sustainability Report, and a new Climate Action
Plan. In addition, the Company has provided a corporate update on previous
announcements regarding the Los Pelambres concentrate pipeline and investment
in Compañía de Minas Buenaventura S.A.A.

2023 Annual Report and Accounts and 2024 Notice of Annual General Meeting

In compliance with LR 9.6.1, the Company has submitted the following documents
to the Financial Conduct

Authority by uploading them to the National Storage Mechanism:

 

·    2023 Annual Report and Accounts

·    2024 Notice of Annual General Meeting

·    Form of Proxy for Ordinary Shareholders for Annual General Meeting

·    Form of Proxy for Preference Shareholders for Annual General Meeting

·    Letter to Shareholders regarding Electronic Communications

·    Statement of Reasons connected with PricewaterhouseCoopers LLP
ceasing to hold office as Auditors

 

These documents will shortly be available for inspection in unedited full text
at the National Storage Mechanism at
data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The 2023 Annual Report and Accounts, 2024 Notice of Annual General Meeting and
Statement of Reasons connected with PricewaterhouseCoopers LLP ceasing to hold
office as Auditors are also available to view on the Company's website at
www.antofagasta.co.uk (http://www.antofagasta.co.uk) .

 

This announcement is made in accordance with DTR 6.3.5R(1A).

Arrangements for 2024 Annual General Meeting

The Annual General Meeting will be held, in-person, at Church House
Westminster, Dean's Yard, London SW1P 3NZ at 10:00am on Wednesday 8 May 2024.
The formal notice of the Annual General Meeting and resolutions to be proposed
are set out in the Notice of Annual General Meeting.

Mining Division's 2023 Sustainability Report and Climate Action Plan

The Mining Division's 2023 Sustainability Report and associated Databook, and
Climate Action Plan have also been published today and are available to view
on the Company's website at www.antofagasta.co.uk
(http://www.antofagasta.co.uk) . The Climate Action Plan includes the
decarbonisation strategy to accompany the emissions reduction targets that
were released in February 2024.

Modern Slavery Statement

In compliance with the United Kingdom's modern slavery definition requirement,
the Company's Modern Slavery Statement has been published today and is
available to view on the Company's website at www.antofagasta.co.uk
(http://www.antofagasta.co.uk) .

Corporate Update

·    Concentrate filtering resumed: As previously announced, on 31 January
2024, during regular cleaning activities prior to scheduled maintenance of the
concentrate pipeline that connects the processing plant at Los Pelambres to
the port at Los Vilos, concentrate material was detected that was stopping the
normal transit of concentrate. This material was successfully cleared, and the
filtering of concentrates at the port facilities resumed at the end of
February. Mining and processing operations at Los Pelambres continued to
operate unaffected throughout this process and concentrates were stockpiled at
the processing plant in pre-existing stockpile locations. As a result, a
portion of the Los Pelambres' concentrate filtered production and sales from
Q1 2024, estimated to be approximately 27,000 tonnes of payable copper, will
be rescheduled into future quarters. Following receipt of the relevant permit
last year, Los Pelambres has initiated construction of a new concentrate
pipeline. Until completion of this pipeline, Los Pelambres will continue to
operate the existing concentrate pipeline under enhanced safety operating
conditions and revised maintenance protocols. The Company confirms that
production guidance for 2024 remains unaffected.

·   Buenaventura: In line with the Company's previous release in December
2023, when it was announced that the Company had entered into transactions in
the secondary market to acquire beneficial ownership of shares of Compañía
de Minas Buenaventura S.A.A. (Buenaventura), the Company can confirm that it
now holds 48.1 million shares of Buenaventura, representing the equivalent of
approximately 19% of Buenaventura's issued share capital. Following a meeting
of Buenaventura's shareholders in March 2024, the Company can confirm that
Iván Arriagada and Andrónico Luksic L. have now joined Buenaventura's Board
of Directors.

 

 Investors - London                                                                   Media - London
 Rosario Orchard      rorchard@antofagasta.co.uk (mailto:rorchard@antofagasta.co.uk)  Carole Cable   antofagasta@brunswickgroup.com (mailto:antofagasta@brunswickgroup.com)
 Robert Simmons       rsimmons@antofagasta.co.uk (mailto:rsimmons@antofagasta.co.uk)  Telephone      +44 20 7404 5959
 Telephone            +44 20 7808 0988

                                                                                      Media - Santiago
                                                                                      Pablo Orozco   porozco@aminerals.cl (mailto:porozco@aminerals.cl)
                                                                                      Carolina Pica  cpica@aminerals.cl (mailto:cpica@aminerals.cl)
                                                                                      Telephone      +56 2 2798 7000

 

 

 

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(https://www.antofagasta.co.uk/investors/news/email-alerts/)

   LinkedIn (https://www.linkedin.com/company/antofagasta-plc)

 

_____________________________________________________________________________________________

Cautionary Statement

This announcement contains certain forward-looking statements. All statements
other than historical facts are forward-looking statements. Examples of
forward-looking statements include, without limitation, those regarding the
Group's strategy, plans, objectives or future operating or financial
performance, reserve and resource estimates, commodity demand and trends in
commodity prices, growth opportunities, and any assumptions underlying or
relating to any of the foregoing. Words such as "intend", "aim", "project",
"anticipate", "estimate", "plan", "believe", "expect", "may", "should",
"will", "continue" and similar expressions identify forward-looking
statements.

 

Forward-looking statements involve known and unknown risks, uncertainties,
assumptions and other factors that are beyond the Group's control. Given these
risks, uncertainties and assumptions, actual results, performance or
achievements could differ materially from any future results, performance or
achievements expressed or implied by these forward-looking statements, which
apply only as at the date of this report. These forward-looking statements are
based on numerous assumptions regarding the Group's present and future
business strategies and the environment in which the Group will operate in the
future. Important factors that could cause actual results, performance or
achievements to differ from those in the forward-looking statements include,
but are not limited to: natural events, global economic and financial
conditions (which may affect our business, results of operations or financial
condition); various political, economic, legal, regulatory, social and other
risks and uncertainties across jurisdictions in which the Group operates;
changes to mining concessions or the imposition of new mining royalties, or
changes to existing mining royalties in the jurisdictions in which the Group
operates; the Group's ability to comply with the extensive body of regulations
governing the mining industry, as well as the need to manage relationships
with local communities; the ongoing effects of the global COVID-19 pandemic;
demand, supply and prices for copper and other long-term commodity price
assumptions (as they materially affect the timing and feasibility of future
projects and developments); trends in the copper mining industry and
conditions of the international copper markets; the effect of currency
exchange rates on commodity prices and operating costs; the availability and
costs associated with mining inputs and labour; operating or technical
difficulties in connection with mining or development activities; risks,
hazards and/or events and conditions inherent to the mining industry, which
may affect our operations or facilities; employee relations; climate change as
well as the effects of extreme weather conditions; the outcome of any
litigation arbitration, regulatory or administrative proceedings to which the
Group is and may be subject in the future; and actions and activities of
governmental authorities, including changes to laws, regulations or taxation.

 

Except as required by applicable law, rule or regulation, the Group does not
undertake any obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Past performance cannot be relied on as a guide to future
performance.

 

No statement in this announcement is intended as a profit forecast or estimate
for any period. No statement in this announcement should be interpreted to
indicate a particular level of profit and, as a consequence, it should not be
possible to derive a profit figure for any future period from this report.

 

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