Antofagasta Q1 copper production up 23% year on year

Chilean miner Antofagasta produced 188,600 tonnes of copper during the first quarter of 2019, up by 22.6% from the corresponding period in 2018 because of higher throughput and ore grades, the company said on Wednesday April 24.

Production was down by 14.3% from the previous quarter’s record copper production of 220,000 tonnes, however, due to scheduled maintenance at the Los Pelambres and Centinela mines, London-listed Antofagasta added. Individually, Los Pelambres produced 89,200 tonnes of copper in the first quarter, 10% more than in the same quarter last year, because of higher throughput and grades. But scheduled maintenance in January and lower grades affected the quarter’s production relative to...


Burcu Cura

April 24, 2019

14:15 GMT