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August 31, 2015 2:48 PM ET

Metals and Mining

Company Overview of Antofagasta Minerals S.A.

Company Overview

Antofagasta Minerals S.A. explores, produces, and sells copper and other minerals. The company produces copper concentrate and copper cathodes, gold, silver, and molybdenum. It sells its copper concentrate to smelters to extract silver and gold; and molybdenum concentrate for processing and refining. The company undertakes projects in Santiago, Chile; and Saint Paul, Minnesota. Antofagasta Minerals S.A. was formerly known as Anaconda Chile S.A. The company was founded in 1980 and is based in Las Condes, Chile with additional offices in Toronto, Canada; Lima, Peru; London, United Kingdom; Shanghai, China; and Queensland, Australia. It also has operations in Antofagasta, Chile; and exploration...

Av. Apoquindo 4001

Piso 18

Las Condes,  7550162

Chile

Founded in 1980

Phone:

56 2 798 7000

Fax:

56 2 798 7445

Key Executives for Antofagasta Minerals S.A.

Chief Executive Officer
Age: 51
Vice-President of Operations
Chief Executive Officer of Antofagasta Plc
Age: 66
Managing Director
Age: 82
Vice-President of Legal
Compensation as of Fiscal Year 2015.

Antofagasta Minerals S.A. Key Developments

Antofagasta Minerals S.A. Presents at Australian Copper Conference, Jun-16-2015

Antofagasta Minerals S.A. Presents at Australian Copper Conference, Jun-16-2015 . Venue: Hilton Brisbane Hotel, Brisbane, Queensland, Australia.

Appeals Court Rules in Favor of Antofagasta Minerals

A Chilean court of appeals has ruled unanimously in favor of Antofagasta Minerals over the El Mauro tailings dam of its Los Pelambres mine in northern Coquimbo region (IV). The La Serena court of appeals rejected a lawsuit filed by the residents of the town of Caimanes that claimed the tailings dam was unsafe. The El Mauro tailings dam is at the center of a dispute between the company and residents of Caimanes, who claim it has dried up a local stream and contaminated underground aquifers. The company is also waiting to hear a decision on a separate lawsuit filed in the La Serena court, after a lower court ruling ordered the partial or complete demolition of the dam's wall.

Local Judge Orders Antofagasta about the Complete or Partial Demolition of the Dam's Wall

A local judge ordered the complete or partial demolition of the dam's wall, citing the failure to comply with an October supreme court ruling ordering the Antofagasta to revamp the tailings dam so it would not cut off water to the local village of Caimanes. According to the supreme court ruling, the tailings dam has infiltrated underground aquifers and blocked the normal water course of the Pupo creek that supplies water to Caimanes. The company said it will appeal the lower court's decision, as the judge issued its ruling without waiting for a report from the national water authority that the judge himself had commissioned.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 18, 2014
Chemical & Mining Co. of Chile Inc., Mining Rights
 

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