Business Review

Mining

Antofagasta Minerals S.A. (AMSA) is the corporate centre for the mining division, based in Santiago, Chile. During 2009 its operations produced 442,500 tonnes of copper in concentrate (containing a small amount of gold and silver) and copper cathode as well as 7,800 tonnes of molybdenum in concentrate. Production is expected to increase to 543,000 tonnes in 2010 and exceed 700,000 tonnes in 2011.

• 1. Securing and strengthening the Core Business

  • Los Pelambres
  • El Tesoro
  • Michilla
  • Esperanza

• 2. Organic and sustainable growth of the Core Business

  • Sierra Gorda District
  • Los Pelambres District
  • Michilla/Antucoya

• 3. Growth beyond the Core Business

  • Reko Diq
  • Exploration and evaluation activities