Antofagasta Unit to Transfer Alto Maipo Interest to JV Partner
20 January 2017 - 7:49PM
Dow Jones News
LONDON--Chilean copper miner Antofagasta PLC (ANTO.LN) said
Friday its subsidiary Minera Los Pelambres has agreed to transfer
its 40% interest in Alto Maipo SpA to AES Gener, and that the
electricity price applicable to the power purchase agreement with
Alto Maipo has been reduced.
Antofagasta announced last October Minera Los Pelambres has been
reviewing its options with respect to its 40% investment in the
Alto Maipo project, following the announcement of a forecast 10-20%
total cost overrun.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
January 20, 2017 03:34 ET (08:34 GMT)
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