July 3, 2013
The Chilean subsidiary of Antofagasta will take a 40% stake in hydroelectri
The Chilean subsidiary of Antofagasta will take a 40% stake in hydroelectric operator Alto Maipo from AES Gener for around $300m. Alto Maipo has been established to build and run two hydro power stations around 50km southeast of Santiago. Antofagasta Minerales, the subsidiary making the acquisition, will use up to a third of the electricity from the plant at its Los Pelambres mine from 2015, under a 20-year power purchase agreement.