REG - Antofagasta PLC Barrick Gold Corp - COMPLETION OF ZALDIVAR TRANSACTION <Origin Href="QuoteRef">ANTO.L</Origin>

AntofagastaAnnouncement

01/12/2015 17:31

RNS Number : 6209H
Antofagasta PLC
01 December 2015
NEWS RELEASE, 1 DECEMBER 2015
COMPLETION OF ZALDIVAR TRANSACTION
Further to the announcement on 30 July 2015, Antofagasta plc (the "Company") is pleased to announce the completion of the acquisition of a 50% interest in Compaia Minera Zaldvar ("Zaldvar") from Barrick Gold Corporation. The Company has become the operator of the mine.
Zaldvar is a high-quality open-pit, heap-leach copper mine located in Northern Chile with over 20 years of operating history and remaining reserve life of approximately 14 years. In 2014, Zaldvar produced approximately 100,000 tonnes of copper at a net cash cost of $1.79/lb.
There have been no material changes to the terms of the acquisition since the announcement of the transaction.
 
Investors - London   Media - London
Andrew Lindsay   alindsay@antofagasta.co.uk Carole Cable antofagasta@brunswickgroup.com 
Paresh Bhanderi   pbhanderi@antofagasta.co.uk Will Medvei antofagasta@brunswickgroup.com
Telephone   +44 20 7808 0988 Telephone +44 20 7404 5959
Investors - Santiago  Media - Santiago 
Alfredo Atucha   aatucha@aminerals.cl Pablo Orozco  porozco@aminerals.cl 
Telephone   +56 2 2798 7000Carolina Pica  cpica@aminerals.cl
 Telephone  +56 2 2798 7000
 

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