ANTO Antofagasta Plc

TIDMANTO TIDMTTM

RNS Number : 6209H

Antofagasta PLC

01 December 2015

NEWS RELEASE, 1 DECEMBER 2015

COMPLETION OF ZALDIVAR TRANSACTION

Further to the announcement on 30 July 2015, Antofagasta plc (the "Company") is pleased to announce the completion of the acquisition of a 50% interest in Compañia Minera Zaldívar ("Zaldívar") from Barrick Gold Corporation. The Company has become the operator of the mine.

Zaldívar is a high-quality open-pit, heap-leach copper mine located in Northern Chile with over 20 years of operating history and remaining reserve life of approximately 14 years. In 2014, Zaldívar produced approximately 100,000 tonnes of copper at a net cash cost of $1.79/lb.

There have been no material changes to the terms of the acquisition since the announcement of the transaction.

Investors - London Media - London

   Andrew Lindsay                    alindsay@antofagasta.co.uk                Carole Cable antofagasta@brunswickgroup.com 
   Paresh Bhanderi                   pbhanderi@antofagasta.co.uk            Will Medvei antofagasta@brunswickgroup.com 

Telephone +44 20 7808 0988 Telephone +44 20 7404 5959

Investors - Santiago Media - Santiago

   Alfredo Atucha                     aatucha@aminerals.cl                            Pablo Orozco porozco@aminerals.cl 

Telephone +56 2 2798 7000 Carolina Pica cpica@aminerals.cl

                                                                                                                        Telephone                      +56 2 2798 7000 

This information is provided by RNS

The company news service from the London Stock Exchange

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