ANTO Antofagasta Plc

TIDMANTO

RNS Number : 1710S

Antofagasta PLC

04 November 2019

NEWS RELEASE, 4 NOVEMBER 2019

PRODUCTION GUIDANCE UPDATE

Further to the 3Q 2019 Production Report announcement on 23 October 2019 and following the unrest in Chile, all of the Company's mines are now back in operation. Disruptions of the mines' supplies mainly affected Los Pelambres whose access road was blocked. This, combined with some damage to ancillary infrastructure outside Los Pelambres' perimeter, is estimated to have an impact on the Company's full year production of approximately 10,000 tonnes of copper, including the 5,000 tonnes previously disclosed.

At Antucoya, labour negotiations have been successfully concluded with the union ending the strike which started on 16 October. The impact on copper production is estimated at approximately 4,000 tonnes.

As a result of the above, full year copper production is now expected to be in the range of 750-770,000 tonnes (previously 750-790,000 tonnes).

 
 Investors                                      Media - London 
  - London 
 Andrew Lindsay    alindsay@antofagasta.co.uk   Carole Cable       antofagasta@brunswickgroup.com 
 Telephone         +44 20 7808 0988             Telephone          +44 20 7404 5959 
 Andres Vergara    avergara@antofagasta.co.uk   Will Medvei        antofagasta@brunswickgroup.com 
 Telephone         +44 20 7808 0988             Telephone          +44 20 7404 5959 
 
                                                Media - Santiago 
                                                Pablo Orozco       porozco@aminerals.cl 
                                                Carolina           cpica@aminerals.cl 
                                                 Pica 
                                                Telephone          +56 2 2798 7000 
----------------  ---------------------------  -----------------  ------------------------------- 
 

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END

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November 04, 2019 07:02 ET (12:02 GMT)

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