RE: Legendary SAM GARRETT @Linkedin [CEO GSCU]26 Sep 2025 00:03
Remember los pelambres (Anto f agasta) is 60km east of especularita. They will have eyes on this, the grades are beyond spectacular so far..
Aiming for the Top 10
Antof agasta, majority-owned by Chile’s Luksic family, one of the country’s wealthiest, has set its sights on becoming one of the world’s top ten copper producers.
The miner has made several strategic moves in pursuit of that goal, including its 2023 acquisition of a 19% stake in Peru’s Minera Buenaventura.
The company reaffirmed its capital expenditure target of $3.9 billion, one of the largest sums ever earmarked by the company, as it ramps up expansions in Chile and neighbouring Peru.
“Our conviction in copper as the metal of the future remains, with a positive outlook for copper over the medium-term,” chief executive officer Iván Arriagada said. “We see continuing demand support in the form of rising uses from key strategic sectors, driven by accelerating structural trends, such as energy security and modern technologies needed for decarbonization, artificial intelligence and infrastructure, with a supply-side that is becoming increasingly constrained.”