September 1, 2015 / 9:37 AM / 2 years ago

BRIEF-Antofagasta enters agreement with Marubeni over Encuentro mining properties

Sept 1 (Reuters) - Antofagasta Plc

* Agreed with Marubeni Corporation to contribute Encuentro Mining Properties in Centinela Mining District to Minera Centinela

* Can require Centinela to buy, exploit some mining concessions, mineral rights in centinela mining district, if steps, including feasibility study, are completed

* Marubeni agreed to allow antofagasta to merger of encuentro with Centinela in advance of completing feasibility study for sulphide project

* Since consideration is deferred and yet to be calculated, Antofagasta is still considering how any proceeds will be applied Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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