Chile's CAP sees Q1 net profit rise 2% on iron ore performance

May 03, 2012 | 11:22 AM |

Chile’s Compañía de Acero del Pacífico (CAP) saw its net profit increase by 2% in the first quarter of 2012 compared with the same period last year, mainly due to its iron ore division’s performance. Net profit came to $84.2 million, up from $82.5 million. CAP’s 75%-owned mining subsidiary Compañía Minera del Pacífico (CMP) shipped 2.45 million tonnes of iron ore from January to March, up....

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