Markets

Antofagasta Plc Updates Full Year Copper Production Outlook - Quick Facts

(RTTNews) - Antofagasta plc (ANFGY.PK, ANTO.L) announced the company's full year copper production is now expected to be in the range of 750-770,000 tonnes (previously 750-790,000 tonnes). Following the unrest in Chile, all of the company's mines are now back in operation.

Antofagasta plc reported that the union strike has ended at Antucoya following successful negotiations. The impact on copper production is estimated at approximately 4,000 tonnes.

Antofagasta plc noted that disruptions of the mines' supplies mainly affected Los Pelambres. This, combined with some damage to ancillary infrastructure outside Los Pelambres' perimeter, is estimated to have an impact on the full year production of approximately 10,000 tonnes of copper.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More