Antofagasta


Also found in: Dictionary, Thesaurus, Wikipedia.

Antofagasta

(äntōfägä`stä), city (1992 pop. 226,749), capital of Antofagasta region, N Chile, a port on the Pacific Ocean. Antofagasta was founded by Chileans in 1870 to exploit nitrates in the Atacama Desert, then under Bolivian administration. Its occupation by Chilean troops in 1879 sparked the War of the Pacific (see Pacific, War of thePacific, War of the,
1879–84, war between Chile and the allied nations, Peru and Bolivia; also called the Chile–Peruvian War. The trouble began when President Hilarión Daza of Bolivia rescinded (Feb.
..... Click the link for more information.
), and after the war the city and province were ceded to Chile. Antofagasta has depended primarily on nitrates and copper and sulfur exports, and its economy has often been affected by sharp fluctuations in world demands. Borax and iodine are also mined. The city is an international commercial center and a major industrial hub with large foundries and ore refineries. Backed by desert hills, Antofagasta enjoys a fine climate but has little rainfall. Water is piped in from the San Pedro River, 280 mi (451 km) away. The Univ. of the North was established in Antofagasta in 1956. The city is located on the Pan-American Highway, which facilitates communication with the rest of Chile.
References in periodicals archive ?
Antofagasta operates four Chilean copper mines: Los Pelambres, Centinela, Antucoya, and Zaldivar.
Antofagasta acquired Michilla in 1992, giving rise to what currently is the company's mining division.
The agreement has been signed with regard to Antofagasta's proposed acquisition of Duluth Metals Limited, whereby Wallbridge will vote all of its Duluth shares in favour of the acquisition.
Antofagasta said prices, which started the year at 200 cents and peaked at just under 400 cents in mid-May, were likely to remain above historical levels with current market estimates for 280 cents in 2006 and 250 cents in 2007.
The 20 clinical isolates from Antofagasta were provided by the National Institute of Public Health of Chile.
"Basically, the picture is that Chile is a fantastic marketplace for mining suppliers and we would like very much to have Canadian suppliers come and participate and do business in Chile, particularly in the Antofagasta region," he concluded.
A feasibility study, Antofagasta said, showed Reko Diq contained one of the world's largest undeveloped copper and gold deposits, with the potential to be mined for over half a century.
Upon completing the terms of the agreement, Evrim and Antofagasta will participate in a joint venture on the property on a respective 30:70 basis.
2 December 2015 - Chilean mining company Antofagasta plc has closed the acquisition of a 50% interest in Compania Minera Zaldivar from gold miner Barrick Gold Corp (TSX: ABX) (NYSE: ABX), the company said.
According to Antofagasta, the decline was mainly because of lower production at the company's biggest mine, Los Pelambres.
"As expected, Antofagasta put in a strong performance in the final quarter of 2016 with production up 13.8% versus the previous quarter," said Antofagasta plc CEO Ivan Arriagada.