14th Dec 2021 12:20
Antofagasta PLC - FTSE-100 listed copper producer - Says it will aim for 90% of water use to be seawater or recirculated by 2025. Further, adds it plans for all of its energy requirement to come from renewables by 2022. Wants to use autonomous trucks for mining, build remote operating centres and establish a digital academy as well, to create "safer and healthier environment" but sets no deadline for this. Aims for five-year copper production to reach approximately 900,000 tonnes of copper by 2026, if the second concentrator project at Centinela is approved by the end of 2022. Also wants to extract 18 billion tonnes of mineral resources with seven billion tonnes in the Centinela mining district and six billion tonnes at Los Pelambres in Chile. Notes that proprietary primary sulphide leach technology could also unlock previously uneconomic tonnes from lower grade chalcopyrite ore.
Current stock price: 1,412.00 pence
Year-to-date change: down 1.9%
By Abby Amoakuh; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Antofagasta