Tethyan Copper Company Ltd - 15/02/06

Antofagasta PLC and Tethyan Copper Company Ltd have today reached an agreement under which Antofagasta will make an off market conditional takeover offer to acquire all of the shares in Tethyan at acash price of $1.20 per share. Tethyan’s directors will unanimously recommend that shareholders accept the Antofagasta offer, in the absence of a superior offer.

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