SANTIAGO, July 10 (Reuters) -
Chilean copper miner Antofagasta ( ANFGF ) sees opportunity
for its stalled copper project in the United States following
the Trump administration's move to impose 50% import tariffs on
the metal, CEO Ivan Arriagada said on Thursday.
London-listed Antofagasta ( ANFGF ) operates four copper mines in
Chile and is developing the Twin Metals copper and nickel mine
in Minnesota, but the project stalled after the prior Biden
administration blocked permits over environmental concerns.
"We have a project and we see an opportunity in this
context to develop it," Arriagada told reporters at an event.
He also noted that the project still had years ahead before
a final investment decision could be made.
"We need to continue working with a long-term
perspective."
The miner has maintained its current mid-term and long-term
sales contracts, without additional copper shipments to the
United States for now, he added.
U.S. companies have already been bulking up on copper since
U.S. President Donald Trump in February opened a probe into
potential tariffs on copper imports.
Chile is the world's biggest copper producer.
Chilean Mining Minister Aurora Williams, speaking alongside
Arriagada, said the government had not yet received precise
information about how the copper tariffs would be implemented.