Antofagasta Investor Day
CAPITAL ALLOCATION MODEL IN ACTION
Climate resilience
ADAPTATION RESPONSE
Actions taken by the company to
adapt to Climate Change Realities
Los Pelambres Desalination Plant
Trigger
Action
Result
Prolonged drought with deteriorating
conditions year on year
• Climate models showing downward
trends in precipitation
Decision to build 400 l/s desalination
plant. Expected to come online in H2 2022
• Increase capacity of plant to 8001/s
by 2025
• Decoupling water supply from
continental sources
• Ensuring our ability to deliver Life
of Mine Value from Los Pelambres
MITIGATION RESPONSE
Actions taken by the company to
mitigate to Climate Change Realities
Switch to Renewable Energy
Trigger
Action
Result
2015 Paris Accord signed on
Climate Change
Set carbon emission reduction target
of 300,000t CO2
Renegotiated energy contracts to move
to renewable energy PPA's
Renewable energy PPA with 2%
reduction in operating costs
• Carbon emission target achieved in
2021, set medium and long term targets
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