Chilean copper miner Antofagasta Plc posted a 6.6 percent slip in first-half copper output on Thursday, slightly better than its own expectations, and declared costs remained sharply higher than last year. The London-listed firm said copper production for the six months to end June decreased to 218,200 tonnes from 233,600 tonnes in the same period [...]
Chilean President Michelle Bachelet declared that the price surge of the international copper is a clear signal that the world economy is recovering. For full story, click here
The Chilean peso has closed stronger against the dollar Thursday, tracking the gains the euro posted against the greenback and copper’s climb to a new year-to-date high. For full story, click here
The Chilean peso has closed stronger against the dollar Wednesday, tracking the surge in copper prices on the London Metal Exchange. The peso ended the session at CLP564.30 to the dollar, compared with CLP565.20 the previous session, after moving in a CLP563.30 to CLP568.00 range. For full story, click here
The Chilean peso reported to have closed weaker against the U.S. dollar Monday, tracking the tumble in U.S. stock markets and in London copper prices. For full story, click here
Chilean copper miner Antofagasta is actively looking as far afield as Africa and Australia for its growth prospects as growth by exploration is the core pillar of the strategic plan of the miner. The collapse in copper prices, which have more than halved since their peak in July 2008, has opened up several opportunities for [...]
Chilean miner Antofagasta will announce the effect of slumping copper prices on its full-year results on Tuesday. The group is expected to reveal profits of around £1.35 billion – flat on last year but investors are holding out for the dividend. Fourth quarter production data reported in February showed group copper production was up more [...]
Chile, the world’s biggest supplier of copper, said its production of the metal declined 2.5 percent in January from a year earlier, as the quality of ore diminished from its aging mines. For full story, click here
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