Key Developments: Antofagasta PLC (ANTO.L)

ANTO.L on London Stock Exchange

809.50GBp
11 Jul 2014
Price Change (% chg)

-2.50p (-0.31%)
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Latest Key Developments (Source: Significant Developments)

Monax Mining Ltd signs memorandum of understanding (MOU) with Antofagasta PLC for Phar Lap project
Monday, 9 Jun 2014 08:42pm EDT 

Monax Mining Ltd:Signs MOU with wholly owned subsidiary of major Chilean copper producer Antofagasta PLC for Phar Lap Iron-Oxide Copper-Gold (IOCG) Project, located on margin of Mt Woods Inlier in northern South Australia.Under MOU, Antofagasta will fund early stage exploration including access approvals and a detailed infill gravity survey over the two anomalies.Antofagasta may then elect to proceed to a farm-in agreement to earn 70 pct. interest in tenement by funding exploration to a value of $2 mln within three years.  Full Article

Monax Mining Ltd announces placement with Antofagasta PLC
Sunday, 1 Jun 2014 07:46pm EDT 

Monax Mining Ltd:Undertakes A$436,314 private placement with a wholly owned subsidiary of Chilean copper producer, Antofagasta PLC.Antofagasta will become Monax's largest shareholder via the placement of 17,110,346 shares at $0.0255 per share.Monax will use the funds to progress exploration at Parndana project on Kangaroo Island in South Australia, as well as for general working capital.  Full Article

Antofagasta Plc recommends final dividend
Tuesday, 18 Mar 2014 03:00am EDT 

Antofagasta Plc:Board recommend a final dividend of 86.1 cents per share.This dividend represents a total amount of $936.6 mln and a pay-out ratio of 142 pct of net earnings.  Full Article

Encounter Resources Ltd and Antofagasta plc commits to continue Yeneena earn-in agreement
Sunday, 12 Jan 2014 05:45pm EST 

Encounter Resources Ltd:Says that Antofagasta has advised the company that it will be continuing the Yeneena earn-in agreement into the second year.Says in Apr. 2013, the company completed an earn-in agreement with a wholly owned subsidiary of Antofagasta plc.Says under that agreement, Antofagasta may earn a 51 pct. interest in two tenements within the Yeneena Project by incurring expenditures of $20 mln over a five year period.  Full Article

Monax Mining Ltd's Monax Alliance Pty Ltd-Antofagasta PLC Secures Tenements In Tightly-Held Musgrave Province In South Australia
Sunday, 10 Nov 2013 05:43pm EST 

Monax Alliance Pty Ltd (Alliance), a wholly owned subsidiary of Monax Mining Ltd announced that its strategic alliance with a wholly owned subsidiary of Antofagasta PLC (Antofagasta), has increased its project landholding with the addition of three new Exploration Licence Applications within the tightly-held Musgrave Province, located in South Australia’s Far North. The three tenements were recently released by the South Australian Government’s Department of Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) under the Exploration Release Area system and cover an area in total of 3396km2 within the eastern part of the Musgrave Province. Alliance will be targeting copper and copper-nickel style mineralisation. The three tenements were recently released by the South Australian Government’s Department of Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) under the Exploration Release Area system and cover an area in total of 3396km2 within the eastern part of the Musgrave Province. Alliance will be targeting copper and copper-nickel style mineralisation.  Full Article

Antofagasta PLC Announces Interim Dividend
Thursday, 26 Sep 2013 08:53am EDT 

Antofagasta PLC announced that the Board has declared an interim dividend of USD0.089 which will be GBP0.055376 per ordinary share. Payment of the dividend is scheduled for October 10, 2013.  Full Article

Antofagasta PLC Reaffirms FY 2013 Production Guidance-Conference Call
Tuesday, 27 Aug 2013 09:00am EDT 

Antofagasta PLC announced that it is not changing 700,000 tonnes of copper guidance for fiscal 2013.  Full Article

Antofagasta PLC Declares Interim Dividend
Monday, 26 Aug 2013 08:00pm EDT 

Antofagasta PLC announced that Board has declared an interim dividend of 8.9 cents per ordinary share for the 2013 half year (2013 half year – 8.5 cents). The interim dividend will be paid on October 10, 2013 to ordinary shareholders that are on the register at the close of business on 20 September 2013.  Full Article

Riverside Resources Inc Signs $1,800,000 Three Year Strategic Alliance With Antofagasta Plc For Copper Exploration's Subsidiary In Eastern Sonora, Mexico
Monday, 22 Jul 2013 09:00am EDT 

Riverside Resources Inc (Riverside) announced the signing of a three year, $1.8 Million strategic exploration alliance (the Alliance) with a wholly-owned subsidiary of Antofagasta Plc (Antofagasta) for generative exploration in the copper belt of northwestern Mexico in the eastern part of the state of Sonora. The Alliance will focus on finding and developing new copper deposits using Riverside's technical knowledge of copper systems and generative exploration team strategically based in Hermosillo, Sonora, Mexico. Antofagasta will fund $600,000 on an annual basis for three (3) years of generative grass-roots exploration within a defined exploration area covering eastern Sonora and parts of western Chihuahua and northern Sinaloa. The exploration area being explored by Antofagasta and Riverside is a continuation of the same belt that hosts more than 25 known deposits and mines north of the border in Arizona (and lowest cash cost) copper producers in Grupo Mexico.(1) Properties that are identified and deemed to be of interest will become Designated Properties whereby Antofagasta will have the opportunity to earn a 65% interest by completing a four year, $5,000,000 work program. Once earn-in on a Designated Project (DP) is completed, a one-time payment of $3,000,000 will be made to Riverside and the property will then be advanced under a joint venture agreement (65%-35%).  Full Article

Antofagasta PLC Announces Acquisition Of 40% Interest In The Alto Maipo Hydroelectric Project
Tuesday, 2 Jul 2013 02:00am EDT 

Antofagasta PLC announced that its wholly owned subsidiary, Antofagasta Minerals SA, has entered into a binding agreement with AES Gener SA (AES) to acquire 40% of Alto Maipo SpA (Alto Maipo), a company incorporated to develop, construct, own and operate two run-of river hydroelectric power stations located in the upper section of the Maipo River, approximately 50 kilometers to the southeast of Santiago, with a total installed capacity of 531MW (the Project). As part of this transaction, the Company signed two 20 year power purchase agreements (PPAs) that will secure the provision of energy for the Company's 60%-owned Los Pelambres operations for up to 160MW, with the first PPA starting in 2015. Energy for Los Pelambres has been acquired at spot prices since the previous long-term PPA expired at the end of 2012.  Full Article

Antofagasta signs deal to advance Aston Bay's copper project

TORONTO - Aston Bay Holdings Ltd , a Canadian mineral exploration company, said on Wednesday it has signed a preliminary deal with Antofagasta Plc for the two to partner on Aston Bay's promising Canadian Arctic copper project.

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