December 19, 2014 11:46 PM ET

Water Utilities

Company Overview of Aguas Chañar S.A

Company Overview

Aguas Chanar SA engages in the production, distribution, and supply of water in Chile. The company also involves in the collection, treatment, and disposal of wastewater. It serves 77,000 customers in the Atacama region. The company is based in Copiapo, Chile.

Los Carrera 1007

Copiapo,  

Chile

Phone:

56 5 220 3200

Fax:

56 5 220 3219

Key Executives for Aguas Chañar S.A

General Manager
Age: 60
Compensation as of Fiscal Year 2014.

Aguas Chañar S.A Key Developments

Atacama Pacific Acquires Water from Aguas Chañar for Cerro Maricunga

Atacama Pacific Gold Corporation reported that it has entered into an agreement for the purchase of 2.5 million cubic metres of water annually, representing a flow rate 80 litres per second ("l/s"), from Aguas Chañar S.A. Treated industrial water will be supplied by Aguas Chañar at their treatment facility in the City of Copiapo for use at Atacama Pacific's Cerro Maricunga Oxide Gold Project located 120 kilometres northeast of Copiapo. The current preliminary economic assessment for the Cerro Maricunga deposit envisions the development of an open pit mining operation and 80,000 tonne per day ("tpd") heap leaching facility producing 267,000 ounces of gold annually at a cash of cost of $652 per ounce over a period of approximately 10 years. To sustain these production rates, approximately 100 l/s of water flow is required. The 80 l/s of water available under the supply agreement would support production levels of 65,000 tpd. Aguas Chañar has stated that increases in the volume of water available for sale are anticipated due to planned and proposed plant expansions at Copiapo. Atacama Pacific has the right of first refusal to acquire any volume increases available. Under the terms of the agreement, Aguas Chañar will supply 2.5 million m(3) of water to Atacama Pacific over a period of 13 years at a rate of $0.75/m(3) commencing upon the start of production at Cerro Maricunga. The supply agreement is renewable for successive 5-year periods at the end of the 13 year term. Prior to production at Cerro Maricunga, Atacama Pacific will pay Aguas Chañar $574,000 annually which is equivalent to a price of $0.225/m(3) of water. Aguas Chañar may sell the contracted water during the pre-production period and the funds received from water sold will be credited against the payments.

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