New Centinela plant to boost Antofagasta Minerals molybdenum output
Chilean mining group Antofagasta Minerals said it will boost molybdenum output following the completion of a new plant at its Centinela mine (pictured).
Construction of the US$130mn facility in on schedule and on budget, the company said in a statement.
Work is due to be finished by the end of May and the ramp-up is scheduled for October.
Antofagasta's molybdenum output was 7,100t in 2016, and the new plant will increase company output of the steel-hardening material by 3,500t, the statement said.
The company is also advancing the Encuentro oxides project at Centinela. Work is in the pre-stripping phase, with construction slated for completion toward the end of April. The ramp-up is scheduled to start August 31.
The Encuentro project will help replace production at Centinela following the depletion of oxide resources at the Tesoro pit. Encuentro is expected to add 43,500t of copper on average through its projected mine life of eight years.
Overall, Antofagasta Minerals is planning to spend almost US$900mn this year on the two projects.
Antofagasta Minerals, controlled by London-listed Antofagasta plc, is the mining arm of Chile's Luksic group.
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