Projects | March 9, 2023

Andean Future Development

Chile

  • Country: Chile
  • Industry: Mining
  • Location: Los Andes - Region Of Valparaíso
  • Property: Antofagasta Minerals
  • Volume: 144,000 tons of copper, 3,500 tons of molybdenum, and 130,000 ounces of gold per year.
  • Investment: USD 4.4 billion.
  • Bidding: Public
  • Status: Under execution.

Description:

The project aims to expand the operation of Minera Centinela, both its processing capacity and lifespan until 2056, incorporating new deposits and leveraging existing capabilities, complemented by new facilities. The initiative will add two new open pits (Esperanza Sur and Encuentro Sulfuros) to the current operation, along with a new concentrator plant, a new seawater pumping system, and a new thickened tailings storage facility, among other works. It will contribute an additional 144,000 tons of copper, 3,500 tons of molybdenum, and 130,000 ounces of gold per year, with the first production expected in 2027.