Antofagasta Minerals investment plans exceed U.S. $ 15,800 million
Antofagasta Mineral’s investment plan includes above 15 billion dollars
Initiatives Program towards 2020 with priority in Chile starts taking definition in Antucoya, Centinela and Pelambres, to which new projects and foray into other areas are added. According to the project portfolio defined by Cochilco last year, investments by Antofagasta Minerals (AMSA) in the sector would reach U.S. $ 14,700 million. At present, the Luksic group’s mining has redefined most of the figures associated with these projects and has included some new initiatives, adding its strong foray into energy, allow investments that have at least U.S. $ 15,800 million in the coming years.
One of them is Antucoya, which was suspended by a rise in the cost and was resumed on a valuation of U.S. $ 1,900 million, U.S. $ 200 million more than originally stipulated. To this is added the entry into oxides Meeting environmental processing, whose investment was defined around U.S. $ 600 million.
In the other two priority initiatives from Centinela district, Esperanza Sur and Encuentro Súlfuros, the cost would be around U.S. $ 3,500 million. It also adds the optimization of the current Esperanza task which will imply resources of U.S. $ 350 million and which was recently admitted to Service Environmental Assessment (SEA).
Finally, expanding Pelambres is emerging as the main challenge in the mining group. Cochilco reported last year its cost was estimated in about U.S. $ 7,000 million, but subsequent unofficial informations say the megaproject would reach U.S. $ 9,000 or even U.S. $ 10,000 million.
On the other hand, it is been noted the recent bet on the Alto Maipo project, which will mean a total outlay of U.S. $ 350 million by committed participation and investment, as well as the construction of a desalination plant for $ 120 million to be operational by 2015.
Source: Estrategia
