Question-and-Answer Session
Operator
(Operator's Instructions) And your first question comes from Adam Schatzker. Your line is now open.
Adam Schatzker - RBC Capital Markets
If I could just ask two questions, first on Andacollo. I'm just trying to figure out a little bit with respect to timing. Can I assume that the way the Teck press release is worded that it is expected either with the contingency plans or with the existing water supply that they would have everything sorted out by the end of January? And assuming that, how long after that time would everything be up and running?
Tony Jensen
Adam, thanks for the question. I think a lot of that should probably be directed to Teck. Let me just say that from our standpoint we think there's every reason that the parties involved are going to find a reasonable resolution to the issues. Teck has not stated definitively that the project has been delayed. We're still working the issue very actively.
Our expansion of the timeframe to close our transaction just really takes a little bit of the pressure away from and trying to do something by October 30th. So these things are very dynamic and it's awful hard and predict and be precise exactly when the social issues will be resolved, but Teck is a good operator, and they're very capable and I think there's a reasonable expectation that they're going to be successful before January 29th.
But with regard to the exact potential delay, I think they even said in their press release that it really depends on the progress that's made.
Now, your latter part of your question I believe related to the ramp up period and as far as I understand the construction is moving along as swiftly as ever. There has been no slowdown in that area that I'm aware of so from that standpoint we'd expect the construction to still be ready for a commissioning somewhere around November, if indeed they had the social or the water issues squared away. So we'd expect that any kind of slippage that we might have is a result of the water issue delay. That would be the type of slippage we'd have in the project in total. I wouldn’t expect any more.
Adam Schatzker - RBC Capital Markets
Okay. And the second question is Cortez. You mentioned that production is expected to be lower for a number of years, can you perhaps help quantify what lower production is and how many years you might consider that occurring? I know it's a little hard in the position you're in, but just anything would be helpful I suppose.
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