Atacama Pacific to Buy Water for Chile Gold Project From Chanar

Atacama Pacific Gold Corp. (ATM), a Toronto-based gold explorer operating in Chile, agreed to buy 2.5 million cubic meters (88 million cubic feet) a year of treated industrial water from the Aguas Chanar SA utility for use at its Cerro Maricunga project.

Atacama Pacific agreed to pay $574,000 a year, or the equivalent of 22.5 cents per cubic meter, before the project starts and 75 cents a cubic meter when it goes online, according to a statement distributed by Market News Publishing. The contract is for 13 years of water from Chanar’s plant in Copiapo, Chile, and can be renewed for another five years, Atacama Pacific said in the statement.

To contact the reporter on this story: Carlos Caminada in Sao Paulo at ccaminada1@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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