Antofagasta PLC LOS PELAMBRES - CONCENTRATE PIPELINE INCIDENT (0169O)
07 June 2022 - 9:28PM
UK Regulatory
TIDMANTO
RNS Number : 0169O
Antofagasta PLC
07 June 2022
NEWS RELEASE, 7 JUNE 2022
LOS PELAMBRES - CONCENTRATE PIPELINE INCIDENT
On 31 May Los Pelambres detected a leak in the underground
pipeline that transports concentrate from the concentrator plant to
the port at Los Vilos. The pipeline was immediately shut down and
the location of the leak identified. Preliminary assessment shows
no indication of any environmental damage.
Full access to the site is currently being blocked by some
members of the community who are in discussion with the local
authorities and representatives of the Company. Once access is
obtained the required repairs will be completed.
The mining operations and processing plant continue to operate,
but with limitations due to road access restrictions and with the
concentrates being stockpiled at the plant. Once the pipeline has
been repaired the stockpiled material will be transported to the
port using the spare capacity in the pipeline resulting in some
rescheduling of sales and shipments.
An assessment of the causes of the leak is underway and any
resulting recommendations will be applied to the concentrate
pipeline and the new replacement pipeline that is currently being
designed and permitted, which is expected to be in operation by
2025.
The full year impact on production will depend on the duration
of the shutdown and if the standstill has created any conditions
requiring further actions. Currently, the impact on Group copper
production is expected to be limited to within the current full
year guidance range, which remains unchanged at 640-690,000 tonnes,
and subject to any revision following full access to the pipeline
and repairs being completed.
Capital expenditure in bringing the pipeline back to normal
operations is not expected to be material.
Investors - London Media - London
Andrew Lindsay alindsay@antofagasta.co.uk Carole Cable antofagasta@brunswickgroup.com
Telephone +44 20 7808 0988 Telephone +44 20 7404 5959
Rosario Orchard rorchard@antofagasta.co.uk
Telephone +44 20 7808 0988
Media - Santiago
Pablo Orozco porozco@aminerals.cl
Carolina Pica cpica@aminerals.cl
Telephone +56 2 2798 7000
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END
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