Antofagasta appoints mining veteran Ignacio Bustamante to board

Published 26/06/2025, 12:06
Antofagasta appoints mining veteran Ignacio Bustamante to board

LONDON - Mining company Antofagasta (LON:ANTO) plc has appointed Ignacio Bustamante as an Independent (LON:IOG) Non-Executive Director effective July 1, 2025, according to a press release statement issued Thursday.

Bustamante brings over 30 years of mining leadership experience in the Americas, with expertise in corporate strategy, operations, and sustainability. He currently serves as Head of Base Metals at Appian (NASDAQ:APPN) Capital Advisory LLP.

Prior to his current role, Bustamante was CEO and Executive Director of Hochschild Mining plc, a London-listed silver and gold mining company. His career also includes senior executive positions within the Hochschild Mining group across operations, finance, and business development.

The new board member has previously served as a Non-Executive Director at Aclara Resources, Scotiabank (TSX:BNS) Peru, and Profuturo AFP in Peru. He holds Bachelor of Science degrees in Business and Accounting from Universidad del Pacífico in Peru and an MBA from Stanford University.

Jean-Paul Luksic, Chairman of Antofagasta, said: "Following a comprehensive, externally facilitated search process, we are delighted that Ignacio has accepted our invitation to join the Board. His broad mining experience in the Americas will be of great benefit to the Company in the years ahead."

The Board considers Bustamante to be independent for the purposes of the UK Corporate Governance Code.

Antofagasta plc (LSE:ANTO) is a Chilean-based copper mining group with operations primarily in Chile.

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