CMPL Mining Plan Update

Description: CMPL Mining Plan Update Mining development projects over 5,000 tons/month The Project aims to update the mining exploitation plan of the Loberas and Kainita mining properties from an annual production of 6,234,858 tons by 2020 to an annual production of 8,539 .103 tons by the year 2040, according to estimates and resource availability studies. The foregoing requires modifying the authorized mining plan and extending the useful life of the Loberas and Kainita mines until 2040, considering expanding the total exploitation surface of the pits by 95.66 ha and without modifying the capacity of the mining areas. collection of surpluses authorized by Res. Ex. No. 590/2018 of SERNAGEOMIN. It should be noted that these surplus storage areas correspond to the salt that exceeds the sales demand for a particular period, therefore, its function corresponds to a temporary collection that stores the salt until the market demand allows it to be delivered to a third party. for processing, always allowing the authorized capacity to be maintained. Based on the foregoing, the parts and works of this Project correspond only to the updating of the mining plan and the exploitation of the deposits, not being part of it the processing (screening, milling and classification), transport and storage of products derived from the exploited salt, which are in charge of another Owner (Sociedad Punta Lobos or also called SPL). It should be noted that it is considered to maintain the provision of services of the existing SPL facilities in the area, which correspond to the use of offices, the fuel station, toilets, collection and temporary storage of residential, non-hazardous and hazardous industrial waste and mine equipment and machinery maintenance workshop. In turn, it should be noted that modifications to the processes of crushing, grinding, transportation and storage of products are not considered, nor are they considered in the existing complementary facilities of SPL that provide the necessary services for the operation of the exploitation of the belongings. mining. The main objective of the Project is to update the mining exploitation plan of the Loberas and Kainita mining properties, from an annual production of 6,234,858 tons by the year 2020 to an annual production of 8,539,103 tons by the year 2040, requiring to extend the life utility of these facilities, as a result of the growing demand from third parties that require the ore for its subsequent processing and production of products such as de-icing salt, industrial salt, chemical salt and high purity salt.