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Antofagasta hikes Los Pelambres budget 30%

London-listed Antofagasta has flagged a US$400 million increase in the budget for its Los Pelambres expansion project, a rise the copper miner said was driven by changes to the water system and pandemic-related restrictions.

Antofagasta hikes Los Pelambres budget 30% Antofagasta hikes Los Pelambres budget 30% Antofagasta hikes Los Pelambres budget 30% Antofagasta hikes Los Pelambres budget 30% Antofagasta hikes Los Pelambres budget 30%

Antofagasta's Los Pelambres mine is a sulphide deposit 240km north east of Santiago

The budget for Los Pelambres now stands at US$1.7 billion, up from $1.3 billion, with construction now slated to finish early in the first half of 2022.

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