Antofagasta Invests Heavily in Exploring the Cachorro Copper Mine

Published: Apr 15, 2025 14:03 (GMT+8)

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According to Mining.com, Chilean miner Antofagasta has decided to invest $200 million in the exploration of its Cachorro copper mine project in northern Chile over the next seven years.

The Cachorro project is located between Antofagasta's Centinela and Antucoya mines. In January, the company submitted the project's Environmental Impact Assessment (EIA).

The London-listed copper company stated that such proximity creates synergies for utilizing existing infrastructure and processing facilities.

If the EIA is approved by regulators, Antofagasta will proceed with surface and underground exploration to better delineate the deposit. This work will include 700 drill holes, optimizing the geological model through infill drilling, and constructing an adit to reach a depth of 300 meters.

As part of the environmental assessment process, Antofagasta will conduct baseline surveys for the protection of nearby ecosystems, monitor groundwater, carry out archaeological investigations, and promote local employment and procurement.

The Cachorro copper mine is located in the western part of the Atacama Desert at an altitude of 1,500 meters, 100 kilometers northeast of the city of Antofagasta. The mine is 1,100 kilometers north of Santiago, Chile's capital. Since exploration began in 2017, Antofagasta has identified 255 million mt of ore resources at the project, with a copper grade of 1.26% and an associated silver grade of 4 g/mt.

S&P Global Market Intelligence considers the Cachorro copper mine one of the largest greenfield copper discoveries in the past decade and one of the most important mantle-type deposits in Chile's coastal zone.

To learn more about the latest developments in the copper industry chain, you are invited to attend the CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo, hosted by SMM, which will be held in Nanchang, Jiangxi from April 22-25, 2025. ~Over 3,000 industry elites, representatives from upstream and downstream enterprises in the copper industry chain, government officials, industry associations, third-party equipment, logistics and warehousing, as well as experts from universities and research institutions will gather together. The conference covers mining, smelting, copper processing, trade, recycling, and end-use applications, encompassing the entire copper industry chain.

At the event, more than 100 exhibitors will showcase the latest copper processing and smelting equipment, high-quality raw material suppliers, and new-type copper-based materials, highlighting the innovation and vitality of the copper industry.

The conference features a variety of exciting activities: the main forum focuses on global copper market trends, raw material supply, policy impacts, and market outlook. Sub-forums delve into hot topics in sectors such as electrical power transmission and distribution, secondary copper, copper-based new materials, hardware and plumbing, and ESS. During the conference, a two-day field trip will visit 12 representative enterprises in the copper industry with a cumulative capacity of 1 million mt.

The CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo

will help you grasp industry trends, expand your network, and explore business opportunities! SMM cordially invites you to join us in Nanchang, Jiangxi from April 22-25, 2025, to gather in the new era of copper and jointly plan for new development!

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