17:01 Wed 01 Apr 2020
Antofagasta PLC - CENTINELA SIGNS RENEWABLE POWER CONTRACT
NEWS RELEASE,
CENTINELA SIGNS RENEWABLE POWER CONTRACT:
ALL ANTOFAGASTA MINES TO BE POWERED BY RENEWABLE ENERGY BY 2022
As part of the transaction Centinela will cancel two existing PPAs, that expire in 2026 and 2027, and the Company will sell its indirect 40% interest in the Hornitos thermal power station to ENGIE, resulting in an attributable post-tax write down of approximately
After the write down, this new renewable energy contract will be value accretive as power costs will be significantly reduced in stages from 2020 onwards.
Antofagasta's CEO, Iván Arriagada, commented: "With the completion of this agreement, from 2022 all our mining division's power will be from renewable sources and at a lower cost as well. This is an important step in achieving our target to reduce our carbon emissions by 300,000 tonnes by 2022."
Investors - |
|
Media - |
|
|
|
||
Telephone |
+44 20 7808 0988 |
Telephone |
+44 20 7404 5959 |
|
Will Medvei |
||
Telephone |
+44 20 7808 0988 |
Telephone |
+44 20 7404 5959 |
|
|
|
|
|
|
Media - |
|
|
|
|
|
|
|
|
|
|
|
Telephone |
+56 2 2798 7000 |
This information is provided by RNS, the news service of the
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...
FOR OUR FULL DISCLAIMER CLICK HERE