Antofagasta Minerals has formed a new company, Minera Centinela, which will integrate the El Tesoro and Esperanza mines in Chile, according to Latino Mineria. The merger is expected to conclude in July.

The company will be led by Andre Sougarret, who is currently CEO for Minera Esperanza. “The integration captures synergies between two operations that are geographically close, allowing greater economies of scale,” said Diego Hernandez, CEO of Antofagasta Minerals.