Damaged platform to impact Antofagasta's copper production plan
4th Oct 2022 15:04
(Sharecast News) - Antofagasta updated the market on the damaged construction platform at Los Pelambres on Tuesday, confirming that the desalination plant's completion schedule, and its 2023 copper production plans, had been impacted.
Read moreAntofagasta halts Los Pelambres desalination work to finish collapse cleanup
12th Sep 2022 07:27
(Sharecast News) - Antofagasta said Chilean authorities had ordered a halt on work at its Los Pelambres desalination plant until equipment lost in a platform collapse last month is recovered.
Read moreAntofagasta profits fall on volatile copper price
11th Aug 2022 07:06
(Sharecast News) - Miner Antofagasta reported lower interim profits due to a volatile copper price, a drought in Chile and concentrate pipeline problems at its Los Pelambres operation.
Read moreAntofagasta lowers FY copper guidance
20th Jul 2022 07:57
(Sharecast News) - Mining giant Antofagasta lowered full-year copper guidance on Wednesday after Q2 production levels dropped and costs increased as a result of a drought in Chile, the temporary shuttering of its concentrate pipeline at Los Pelambres, and lower grades at Centinela Concentrates.
Read moreSector movers: Autos and Parts, Miners pace losses in nearly flat day on the FTSE 350
11th Jul 2022 13:57
(Sharecast News) - Autos&Parts and Travel Leisure paced losses in a down day for the FTSE 350 as the war in Ukraine dragged into its 138th day amid reports in recent days that Moscow had begun to mobilise reservists.
Read moreJP Morgan stays overweight on Glencore, sees China macro alignment for 2H 2022 outperformance
4th Jul 2022 10:27
(Sharecast News) - Analysts at JP Morgan sounded a bullish note on the outlook for European Middle East and Africa miners in the back half of 2022.
Read moreAntofagasta FY copper production seen at bottom end of guidance
15th Jun 2022 07:58
(Sharecast News) - Chilean copper miner Antofagasta said on Wednesday that full-year production was set to be at the bottom end of guidance following a leak in the concentrate pipeline at the Los Pelambres mine, and subsequent shutdown.
Read moreAntofagasta lifts estimates at Cachorro, unveils findings for Encierro
14th Jun 2022 09:07
(Sharecast News) - Chilean miner Antofagasta said on Tuesday upgraded copper estimates at the Cachorro project and unveiled its inaugural assessment of the Encierro discovery.
Read moreAntofagasta production falls as expected in first quarter
21st Apr 2022 09:27
(Sharecast News) - Antofagasta reported first quarter copper production of 138,800 tonnes on Thursday, in line with guidance, but still a serious decline on both the prior quarter and year.
Read moreRBC Capital downgrades Antofagasta to 'underperform'
30th Mar 2022 10:42
(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on miner Antofagasta from 1,450.0p to 1,350.0p on Wednesday as it cut its rating on the stock from 'sector perform' to 'under perform', stating the risk/reward scenario was now "stretched".
Read moreAntofagasta to exit Reko Diq project
21st Mar 2022 07:14
(Sharecast News) - Mining giant Antofagasta, along with Barrick Gold and the Governments of Pakistan and Balochistan, have reached an agreement in principle on a framework that provides for the reconstitution of the Reko Diq project and a pathway for the company to exit the project.
Read moreHigher copper prices boost FY profits at Antofagasta
22nd Feb 2022 07:36
(Sharecast News) - Chilean miner Antofagasta posted a jump in full-year profit and revenue on Tuesday amid higher copper and molybdenum prices.
Read moreAntofagasta hits full-year production target, beats on costs
19th Jan 2022 08:05
(Sharecast News) - Antofagasta hit its full-year production targets and beat that for costs, while reiterating guidance for a decline in copper output over the year ahead due to the ongoing drought in Chile.
Read moreUBS ups Antofagasta to 'neutral', says risk/reward more balanced
17th Jan 2022 08:13
(Sharecast News) - UBS upgraded Chilean copper miner Antofagasta to 'neutral' from 'sell' on Monday and lifted the price target to 1,400p from 1,300p as it said the risk/reward was more balanced after recent underperformance.
Read moreAntofagasta upbeat on production as it lays out green credentials
14th Dec 2021 07:42
(Sharecast News) - Antofagasta updated the market on its planning on Tuesday, reporting that five-year production could reach 900,000 tonnes of copper by 2026 if the Second Concentrator project at Centinela was approved by the end of 2022.
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