Company News: Antofagasta plc
Updated: 06 Sep 2010
Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004.
Antofagasta aims to be a significant and profitable enterprise by international standards. Its focus is on high-potential mining deposits and it seeks to realise value principally by developing and operating such deposits in order to produce copper and related by-products.
Sustainable development considerations form an integral part of Antofagasta’s decision-making process. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
Today, Antofagasta’s activities are mainly concentrated in Chile where it owns and operates three copper mines with a total production in 2009 of 442,500 tonnes of copper in cathode and concentrate and 7,800 tonnes of molybdenum in concentrate. It is also the principal provider of cargo transport and water distribution in the Antofagasta Region in the north of Chile.
As a result of the Los Pelambres expansion and Esperanza project the Group is expected to increase total copper production to over 700,000 tonnes per year by 2011. Antofagasta also has exploration and evaluation or feasibility programmes in North America, Latin America, Asia and Africa.
Antofagasta aims to be a significant and profitable enterprise by international standards. Its focus is on high-potential mining deposits and it seeks to realise value principally by developing and operating such deposits in order to produce copper and related by-products.
Sustainable development considerations form an integral part of Antofagasta’s decision-making process. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
Today, Antofagasta’s activities are mainly concentrated in Chile where it owns and operates three copper mines with a total production in 2009 of 442,500 tonnes of copper in cathode and concentrate and 7,800 tonnes of molybdenum in concentrate. It is also the principal provider of cargo transport and water distribution in the Antofagasta Region in the north of Chile.
As a result of the Los Pelambres expansion and Esperanza project the Group is expected to increase total copper production to over 700,000 tonnes per year by 2011. Antofagasta also has exploration and evaluation or feasibility programmes in North America, Latin America, Asia and Africa.
Also Known as: Antofagasta PLC
Business Category Exploration; Mining
Regions of Operation Latin America
Exchange Ticker ANTO
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Exchanges listed on LSE
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