New Horizons Unveiled
A testament to Antofagasta’s finesse in unlocking value within its portfolio, the Centinela Second Concentrator project is poised to redefine the copper production landscape. With Chief Executive Ivan Arriaga at the helm, the company articulates its unwavering commitment to sustainable and responsible practices.
A Fresh Stream of Support
Not content with mere inertia, Antofagasta has taken steps to secure a separate agreement for Centinela’s water needs. An international consortium stands ready to provide the vital resource for current and future operations. By taking over Centinela’s existing water supply system and expanding it to cater to the second concentrator, the consortium solidifies their support.
Flowing Towards Growth
In a strategic move, Centinela has agreed to transfer its water transportation assets for $600 million by 2024. The consortium shoulders the weight of construction and capital expenses amounting to $380 million for the expanded water transportation system. This collaboration sets the stage for the grand unveiling of the $4.4 billion second concentrator at Centinela, sanctioned for construction in December 2023 and slated to commence operations in the promising year of 2027.
