REG - Antofagasta PLC - ZALDÍVAR EIA APPROVAL

AntofagastaAnnouncement

16/05/2025 10:00

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RNS Number : 0187J  Antofagasta PLC  16 May 2025

 

ZALDÍVAR EIA APPROVAL

Antofagasta plc ("Antofagasta" or the "Group") is pleased to confirm that the
Chilean Environmental Authority has approved the Environmental Impact
Assessment (EIA) submitted by Zaldívar for a mine life extension and water
transition. The official resolution, in the form of the Environmental
Qualification Resolution (Spanish acronym: RCA), is expected to be received in
the coming days.

The relevant application was for an extension of Zaldívar's mine life to
2051, and a transition to a long-term supply of water, being either sea water
or a third-party water source. The mine plan includes the current secondary
sulphide Ore Reserves and enables, from the perspective of permitting, the
development of primary sulphide ore.

Zaldívar will continue to utilise its existing water supply through to 2028,
and will make an evaluation of the best alternative for its long-term water
supply beyond 2028.

Antofagasta plc CEO, Iván Arriagada said: "Following two years of permitting
process, and through a detailed and proactive engagement with communities,
government and other stakeholders, we have achieved a result that facilitates
operational continuity and employment for our own and contractor workforce, as
well as for numerous local businesses that support Zaldívar in its
operations.

"Looking forward, today's announcement further derisks our business, allowing
us to focus on realising Zaldívar's full potential."

 

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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Cautionary Statement

 

This announcement may contain certain forward-looking statements. All
statements other than statements of historical fact are, or may be deemed to
be, forward-looking statements.

 

These forward-looking statements are based upon current expectations and
assumptions regarding anticipated developments and other factors affecting the
Group. They are not historical facts, nor are they guarantees of future
performance or outcomes. Readers should not place undue reliance on
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 could differ materially
from any future results expressed or implied by these forward-looking
statements.

 

These forward-looking statements speak only as of the date of this document.
Except as required by any applicable law or regulation, the Group expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to reflect any
change in the Group's expectations with regard thereto or any change in
events, conditions, or circumstances on which any such statement is based. No
assurance can be given that the forward-looking statements in this document
will be realised. Past performance cannot be relied on as a guide to future
performance.

 

This document does not contain or comprise profit forecasts, investment,
accounting, legal, regulatory or tax advice nor is it an invitation for you to
enter into any transaction. You are advised to exercise your own independent
judgement (with the advice of your professional advisers as necessary) with
respect to the risks and consequences of any matter contained herein.

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