May 8, 2018 / 6:34 AM / 6 months ago

BRIEF-Antofagasta Sees FY Impact From Los Pelambres Blockage On Sales To Be Less Than 5,000 Tonnes

May 8 (Reuters) - Antofagasta PLC:

* LOS PELAMBRES UPDATE: DELAY IN CONCENTRATES SHIPPING

* NO DAMAGE TO PIPELINE HAS BEEN DETECTED AND NO LEAK HAS OCCURRED

* BLOCKAGE HAS NOW BEEN SUCCESSFULLY CLEARED AND FILTERING OF CONCENTRATES AT PORT RESUMED ON 5 MAY

* ANTOFAGASTA - DURING MAINTENANCE, TESTING OF PIPELINE THAT TRANSPORTS CONCENTRATES FROM PROCESSING PLANT AT LOS PELAMBRES TO PORT AT LOS VILOS REVEALED BLOCKAGE

* ESTIMATED THAT IT WILL TAKE UP TO 3 MONTHS FOR STOCKPILES AT PLANT AND PORT TO RETURN TO NORMAL LEVELS

* NO MATERIAL CAPITAL EXPENDITURE HAS BEEN INVOLVED IN BRINGING PIPELINE BACK TO NORMAL OPERATIONS

* FOR SIX MONTHS TO 30 JUNE SALES ARE EXPECTED TO BE IMPACTED BY SOME 15,000 TONNES

* FOR FULL YEAR, IMPACT ON PRODUCTION AND SALES IS ESTIMATED TO BE LESS THAN 5,000 TONNES FOR BOTH

* PRODUCTION GUIDANCE FOR FULL YEAR REMAINS UNCHANGED AT 705- 740,000 TONNES Source text for Eikon: Further company coverage:

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