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Antofagasta sees slow start to 2021 as COVID threat rises again

London-listed Antofagasta saw copper production fall 6% year-on-year in the March quarter due to lower grades at its Los Pelambres operation as COVID-19-related concerns continue to dog the Chile-focused miner.

Tom Hoskyns
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

While Q1 copper volumes of 183,000 tonnes also represented a 5% drop quarter-on-quarter, the figure was in line with guidance and analyst expectations. Copper sales prices were about 10% higher than consensus...

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