04/10/2022

LOS PELAMBRES DESALINATION PROJECT UPDATE

On 12 September the Company announced that severe sea swells had overturned a construction platform working on the marine works of the Los Pelambres desalination plant project. At that time, the environmental regulator, the SMA, halted all marine works pending the recovery of the lost equipment and materials. This restriction expired on 3 October and has not been extended.

Sea conditions continue to prevent the complete recovery of all the lost equipment and this has prevented the resumption of marine construction work since this restriction was enforced in September. As a result, the suspension of the works has impacted the completion schedule for the desalination plant project. A revised schedule incorporating this delay together with the impact of continued sea swells on the remaining marine works is being finalised.

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