Antofagasta’s Chile copper processor to cost 25% less than the $2.7 bn expected

The construction of a second concentrator at Antofagasta’s Centinela mine in Chile is likely to cost about 25% less than an original estimate of $2.7 billion, according to the mining company’s chief executive. The company said that they are looking at ways to reduce the upfront capital required by getting someone else to develop the water system so that will reduce the capital cost on the front end from the $2.7 billion to about $2 billion.

Source: Reuters