Antofagasta’s copper production rises in 2012

Mar 13, 2013 | 10:54 AM | Claire Hack

Tags  Antofagasta, results, Ebitda, Chile, copper, production, Claire Hack

LONDON — Copper miner Antofagasta Plc’s revenues were up 10.9 percent year on year in 2012 to $6.74 billion despite lower commodity prices, higher on-site costs and increased exploration expenditures.

The London-based company achieved copper production of 709,600 tonnes in the year ended Dec. 31, up 10.8 percent compared with 2011 volumes. The production boost was partially attributed to higher output at its Esperanza operation in Chile, which produced 163,200 tonnes of copper, up 81.1 percent year over year, the company said in a statement released with full-year 2012 earnings.

The company’s copper production in 2013 is expected to remain at about 700,000 tonnes, broadly in line with 2012. ....

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