Modification of the Los Colorados Mine Project: Operational Adjustments and Continuity

The project aims to increase the mine movement to 95 Mt/year as established in the current Mining Plan of MLC, authorized under RCA N° 68/2021, extending the operational phase until 2033. This increase in mine movement entails a higher processing capacity of the two existing Beneficiation Plants in MLC, which process ore directly from the pit, rising from 14.3 to 14.5 Mt/year. Additionally, this implies an increase in iron preconcentrate production capacity from 9.15 Mt/year to 9.8 Mt/year.