Low prices, high costs hit Antofagasta’s profit

Aug 28, 2013 | 12:14 PM | Claire Hack

Tags  Antofagasta, Chile operations, copper, copper prices, LME, gold, gold prices, cash costs earnings results

LONDON — Antofagasta Plc sees copper pricing challenges ahead as first-half profitability was dampened by lower realized copper tags and increased net cash costs.

"With new copper supply coming online during the remainder of this year and demand growth largely dependent on the economies of China and the United States, the pricing environment for copper is expected to remain challenging," Antofagasta chief executive officer Diego Hernandez said in a statement.....

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