LONDON (dpa-AFX) - Antofagasta plc (ANFGY.PK, ANTO.L) said the process to
enter into a water transportation agreement by Minera Centinela, involving its
existing water supply and future water supply to the Centinela Second
Concentrator Project, has now been completed. Centinela's existing water
transportation assets and rights have been transferred to an international
consortium formed of experienced partners, Transelec and Almar Water Solutions,
with Centinela set to receive cash proceeds of $600 million during 2024.

The planned expansion of the water transportation system will now be undertaken
by the acquiring consortium, resulting in a reduction in the overall capital
cost of the Centinela Second Concentrator Project by approximately $380 million.



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