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| Enami Copper |
Enami copper smelter restart moves forward with a $1.7bn investment plan. The state miner will offer long-term copper cathode offtake to investors. The Enami copper smelter restart centers on the Hernan Videla Lira complex in Chile’s Atacama region.
From smelter to metallurgical complex
Enami copper smelter restart aims to transform Hernan Videla Lira into a full metallurgical complex. The project includes a smelter sized for 850,000 t/yr of copper concentrate. It also includes an electrolytic refinery designed for 240,000 t/yr of copper cathode. Enami created Proyecta Enami to design, build, and commission the complex. Financing will hinge on long-term cathode supply agreements.
Timing uncertain, strategic value clear
The Paipote facility shut in February 2024 after supplier payment challenges. No official restart date has been set by Enami. However, this is Chile’s only active smelting-and-refining development today. The upgrade could lift domestic value-addition and secure cathode supply. It may also support small and midsize miners that sell concentrate locally.
The Metalnomist Commentary
Investor interest will track offtake terms, capital phasing, and EPC execution risk. If financing closes, Chile strengthens midstream capacity as global concentrates tighten. Watch for clarity on ramp-up schedule, feed mix, and working capital needs.
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