Antofagasta


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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 The trouble began when President Hilarión Daza of Bolivia rescinded (Feb.
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), 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 ?
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.
Antofagasta acquired Michilla in 1992, giving rise to what currently is the company's mining division.
According to the current circumstances, Wallbridge has also agreed to sell half of its 10,150,121 Duluth shareholdings to Antofagasta at a price of CAD0.
Beyond participating in the copper mine development and copper production with Antofagasta in Chile, Marubeni plans to contribute to the stable supply of copper resources to Japan by securing high quality copper resources, while continuing to grow its copper business with a vision of expanding into other geographic regions.
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.
Antofagasta has also announced that they have entered into a separate binding agreement with BHP Billiton whereby BHP Billiton's rights to claw-back a material interest in certain of Tethyan's mineral interests will be extinguished or acquired for compensation of $60 million.
According to Antofagasta, the decline was mainly because of lower production at the company's biggest mine, Los Pelambres.
Barrick Gold completed sale of a 50% interest in its Zaldivar copper mine in northern Chile to Antofagasta Plc on December 1.
Chilean copper mining group Antofagasta plc has sold its Aguas de Antofagasta S.