Apex Silver Mines and GasAtacama sign Chile-Bolivia power supply deal

Sep 10, 2001 02:00 AM

The first electric interconnection between Chile and Bolivia will take place through a contract for electrical supply signed between the US company Apex Silver Mines and GasAtacama, owned by CMS Energy and Endesa Chile. Nopel, GasAtacama subsidiary, will supply 50 MW to 88 MW to the San Cristobal mine, operated by Apex Silver Mines and located in Southwest of Bolivia, for the next 17 years or as long as the mine San Cristobal is in production.
GasAtacama will construct a transmission line between Iquique and the mine in Bolivia for $ 60 mm Although the 88 MW negotiated with San Cristobal mine represents only 12 % of GasAtacama's installed capacity, the company is reaching 70 % of the total installed capacity in the SING (Sistema Interconectado del Norte Grande).

In addition to the electrical supply, Apex has designed and projected a road from the mine to the Chilean coast. At the end of June 2001, representatives of both countries met in order to analyse the expansion of the regional trade. Minera San Cristobal is a zinc, silver and lead mine with one of the largest silver and zinc reserves in the world, with 240 mm tons proved reserves with a silver ore grade of 2.0 % per ton, 1.67 % zinc and 0.58 % lead.

Source: Estrategia/SABI
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