Antofagasta PLC
02 August 2004
NEWS RELEASE
Antofagasta plc withdraws from Las Bambas Auction
LONDON, 2 August 2004: Antofagasta plc reports that it has decided not to
participate in the auction of Peru's Las Bambas Copper project after further
evaluation of the project and the continuing uncertainty for the mining industry
following approval by the Peruvian Congress for the introduction of a 1-3 %
royalty on concentrate sales.
Ends
For further enquiries:
Philip Adeane +44 20 7808 0988
nwakefield@antofagasta.co.uk
Hussein Barma +44 20 7808 0988
hbarma@antofagasta.co.uk
Sebastian Gil +56 2377 5145
sgil@aminerals.cl
Keith Irons +44 20 7444 4155 / 07885 356 639
Bankside Consultants
keith@bankside.com
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