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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.

Copper price hike timely for Antofagasta Copper price hike timely for Antofagasta Copper price hike timely for Antofagasta Copper price hike timely for Antofagasta Copper price hike timely for Antofagasta

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.