Antofagasta Mining News

Copper benchmark deal signals shifting supply dynamics in 2019: Andy Home

It was supposed to be a year of mine disruptions, with the market anticipating that multiple labour contract expiries would result in at least one strike.

Copper output to spike in world’s top producer Chile

Copper output in Chile, the world’s top producer of the metal, is expected to increase 4% in 2019 and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.

Antofagasta approves $1.3B expansion of Los Pelambres mine

The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.

Almost a quarter of Antofagasta’s energy needs met by renewables

The Zaldívar copper mine in Chile, a joint venture between Antofagasta and Barrick, will be able to replace greenhouse gas emissions equivalent to 350,000 tonnes per year, or about 87,000 vehicles annually.

Antofagasta cuts copper output guidance, sees increase in 2019

Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target.

Chile's Antofagasta expects more copper price volatility -media

Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty.

Miner Antofagasta's H1 earnings fall, trade tensions cloud demand outlook

Chilean copper producer Antofagasta said first-half core earnings fell 16.2 percent from a year earlier.

Antofagasta copper output up in Q2 despite Los Pelambres pipeline issue

Production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, as higher output at its Centinela and Antucoya mines mitigated declines at Los Pelambres and Zaldívar.

Copper king's gender push rings hollow with all-male board

Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.

Antofagasta shares, half-year production hit by Los Pelambres pipeline blockage

The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.

Lower copper grades take toll on Antofagasta first quarter output

Copper production fell to 153,800 tonnes from 171,900 tonnes, due mostly to lower grades at the company's Centinela and Los Pelambres mines.

Antofagasta more than doubles dividend on strong copper prices

Chile-focused miner is raising its dividend by 177%.

Antofagasta’s Los Pelambres copper mine workers vote to strike

Unionized workers company’s latest offer for a collective labour agreement.

Antofagasta sees 2018 costs to reach $1bn on Pelambres expansion, equipment

Chile-focused miner also expects costs to rise on tailings dam expenditure.

Chile earthquake lights fire under copper price

Up more than 3% after quake near the city of Calama in main copper producing region of the South American country.

Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

Antofagasta opening exploration office in Peru by year-end

Miner said country offers more favourable conditions to start new projects than Chile, where Antofagasta has majority stakes in four copper mines and has just opened a new one — Antucoya.

Antofagasta, Barrick avoid Chile mine strike

Zaldívar produced 102,000 tonnes of copper in 2016.

Workers vote to strike at Antofagasta, Barrick mine in Chile

Zaldívar produced more than 100,000 tonnes of copper last year.

Tribunal favours Barrick, Antofagasta in Pakistan lease denial case

The International Center for Settlement of Investment Disputes (ICSID) said Pakistan violated several provisions of its bilateral investment treaty with Australia, where the joint venture between Barrick and Antofagasta is incorporated.

Antofagasta bullish on copper as earnings jump

The company expects demand to increase 3% this year, while no new mines are scheduled to come online in the short-term and supply disruptions continue.

Antofagasta's Los Pelambres mine faces potential $24 million fine, closure

Chile's environmental regulator has drawn up nine charges against the copper mine for mismanaging water resources and nearby flora.

Antofagasta lowers full-year copper output target, says surplus shows little sign of easing

The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.

New Antofagasta CEO: weak copper price for at least 2 years

CEO of Chilean copper giant sees 300,000 tonnes surplus this year and next.

Antofagasta copper veteran Hernandez retires, Arriagada named new CEO

The appointment is effective immediately and Hernandez, who had been CEO since 2014, will remain as an adviser to the board.