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Antofagasta shows resilience but COVID challenges persist

Antofagasta has proven resilient in the face of Chile’s COVID-19 crisis, delivering copper volumes in the second quarter that were 5% ahead of consensus despite the company operating with just two-thirds of its workforce on site during the period. However, with ongoing labour disputes and the threat of further COVID-related disruption, life is unlikely to get any easier in the short to medium term for the London-listed company.

Antofagasta's Los Pelambres mine is a sulphide deposit 240km north east of Santiago

Antofagasta's Los Pelambres mine is a sulphide deposit 240km north east of Santiago

Antofagasta produced 177,700 tonnes of copper in Q2, a fall of 8.4% quarter-on-quarter driven by lower grades from the company's Centinela Concentrates division. Antofagasta also left its annual guidance...

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