Puerto Angamos was formed on November 3, 1999 as a privately held corporation, as a result of winning the tender awarded by Complejo Portuario Mejillones S.A. to construct and operate Terminal 1 in Mejillones, Antofagasta Region, for a 30 year period and extendable to 40 years.
Puerto Angamos began directly operating the terminal in 2003.
Puerto Angamos received the Construction Completion Certificate on November 10, 2003, and began operating its initial three berths.
Construction of the fourth berth was completed during 2004.
On May 24, 2005 the Maritime Authority authorized Complejo Portuario Mejillones S.A. to lease the maritime concession to Puerto Angamos.
In July 2005 Puerto Angamos agreed a syndicated bank loan facility with BCI and Corpbanca for up to US$62.5 million, in order to repay a long-term loan received from the International Development Bank in 2002 and to issue annual performance guarantees to Complejo Portuario Mejillones S.A.
The BOT contract was amended in April 2007, which reduced the financial costs incurred by Puerto Angamos.
Puerto Angamos completed 10 years’ service in the Antofagasta Region in November 2013.
We succesfully completed our investment plan wich included: strengthening the port’s equipment park and finalizing the dredging work of our main berthing front, thus updating the terminal’s infraestructure to serve the larger vessels that currently circulate for the West Coast of South America.
We finalized our expansion plan, which meant an investment of more than US $ 50 million, which involved the renovation of our port infrastructure, expansion of the equipment fleet and the implementation of new technological processes focused on operational continuity. In addition, the port was equipped with two new mobile cranes that arrived during the year and that implied a 50% increase in this relevant equipment.
In December we exceeded two million tons of bulk transferred, marking a new operational milestone, which is explained, thanks to the transfer of copper concentrate through the system of flip-up containers and the arrival of new customers, who have relied on this innovator mineral shipment system implemented by the company in October 2014. These improvements have allowed us to position ourselves as a sustainable platform for this type of logistics operations in the northern macrozone of the country.