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Copper price hike timely for Antofagasta

A focus on costs and project development while prices were down has paid off for copper miner Antofagasta (LN:ANTO), with profit at US$454.6 million for the first six months of the year, up from $158.5 million in the first half of 2016.

Alex Hamer
Antofagasta worked through two labour agreements this year; the next will be at Los Pelambres next year

Antofagasta worked through two labour agreements this year; the next will be at Los Pelambres next year

Antofagasta’s production for the six months to June 30 was up 7.1% to 346,300 tonnes, although this was a fall of 10% from the second half of 2016. EBITDA increased 87.8% to $1.08 billion thanks to the...

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