Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Antofagasta's Mineral Centinela sells electricity transmission lines for US$117mln

Mineral Centinela, in which Antofagasta owns 70%, is selling Centinela Transmisión - the business that holds its electricity transmission lines
electricity
Antofagasta says the sale is part of its strategy to offload its water and energy assets

Antofagasta PLC’s (LON:ANTO) subsidiary Mineral Centinela has agreed to sell its electricity transmission lines as part of its strategy to dispose of non-core assets.

Mineral Centinela, of which Antofagasta owns 70%, is selling Centinela Transmisión, the company that holds its electricity transmission lines, for US$117mln.

READ: Antofagasta nearly doubles 2017 dividend as it posts sharp rise in earnings, thanks to higher copper prices

"This sale is consistent with the group's strategy of disposing of its water and energy assets,” said Antofagasta chief executive Ivan Arriagada.

“This allows us to focus on our core business of producing copper safely and profitably, while also taking advantage of any organic growth opportunities that may arise.”

View full ANTO profile View Profile

Antofagasta Plc Timeline

Related Articles

1531391169_Kincora---team-overlooking.jpg
July 12 2018
Series of off-market transactions have seen a 28.7% interest and strategic position in Mongolian copper-gold explorer Kincora transition from weak to strong hands, strengthening its existing exploration and expansion strategy. Despite significant uncertainty and shareholder overhang removed following new cornerstone investor Kincora’s share price has not re-rated – yet.
Energy Fuels nudges higher as it outlines opportunities to lift uranium output
March 20 2018
The group is always hunting new sources of alternate feed materials and fee processing arrangements, it said
project area
July 12 2018
The Gabanintha Vanadium Project is one of the highest-grade vanadium deposits in the world.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use