REG - Antofagasta PLC - LOS PELAMBRES CONCENTRATE PIPELINE INCIDENT UPDATE

AntofagastaAnnouncement

15/06/2022 07:00

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RNS Number : 8880O  Antofagasta PLC  15 June 2022

NEWS RELEASE, 15 JUNE 2022

 

 

LOS PELAMBRES - CONCENTRATE PIPELINE INCIDENT UPDATE

 

Following the announcement on 7 June concerning a leak in the concentrate
pipeline at Los Pelambres, the restrictions to access have now been partially
eased. As a result, repairs to the pipeline have commenced, however some
access restrictions remain that will prolong the time required to complete the
scheduled work. Engagement with the authorities and communities continues,
with the aim of removing these remaining road access restrictions.  Given the
outstanding repair work and the testing required for a safe restart, which
includes working with the relevant local regulator, it is expected that the
operation of the pipeline will be resumed by the end of June.

During the shutdown the processing plant has been operating at lower rates of
throughput, with concentrates being stockpiled at the plant. These will be
transferred to the port between July and October using the spare capacity of
the pipeline.

As of the date of this release, full year copper production for the Group is
expected to be at the bottom end of the original 660 - 690,000 tonnes guidance
range. A further update on the impact of the leak will be provided in the
Company's 2Q Production Report on 20 July.

Total expenditure to repair the pipeline and bring it back to normal
operations is not expected to be material.

 

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