Antofagasta PLC
24 August 2006
ANTOFAGASTA PLC
For immediate release
Antofagasta has 97% interest in Equatorial Mining and
takeover offer now unconditional
LONDON: 24 August 2006 - Antofagasta PLC is pleased to announce that its wholly
owned subsidiary, Sierra Gorda Copper Pty Limited ('Antofagasta') now has a 97%
interest in Equatorial Mining Limited ('Equatorial'). This follows completion
of its acquisition of a 19.99% interest in Equatorial from AMP Life and
acceptances received under Antofagasta's takeover offer.
The last remaining condition of Antofagasta's offer has now been satisfied and
accordingly, the takeover offer is unconditional.
Antofagasta also notes Quadra Mining's announcement yesterday confirming that it
will not be increasing its offer for Equatorial.
Antofagasta encourages all remaining Equatorial shareholders to accept its offer
as soon as possible. Antofagasta's offer is scheduled to close at 7pm Sydney
time on 16 September 2006.
Antofagasta intends to compulsorily acquire any remaining Equatorial shares in
accordance with Australian takeover regulations in due course.
Enquiries - UK Enquiries - Chile / North America
Antofagasta Minerals S.A.
Antofagasta PLC Alejandro Rivera
Tel: +44 20 7808 0988 Tel: +56 2 377 5145
www.antofagasta.co.uk Email: arivera@aminerals.cl
Hussein Barma Rothschild Inc. (financial adviser)
Email : hbarma@antofagasta.co.uk Tel: +1 202 862 1660
Hugo Dryland
Bankside Consultants
Tel: +44 20 7367 8873 Enquiries - Australia
Mob: +44 7885 356 639
Rothschild Australia (financial adviser)
Keith Irons Tel: +61 2 9323 2000
Email: keith@bankside.com Marshall Baillieu
Chris Forman
This information is provided by RNS
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