Antofagasta Is Bullish

Summary


LONDON-LISTED copper producer Antofagasta, controlled by Chile's Luksic family, posted a 2.1% rise in net profit to $1.38 billion (Pounds 687 million).

It warned of rising costs but was bullish about prospects as it concentrates on exploration to offset lower-grade ores at Los Pelambres, its biggest mine.

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Antofagasta Is Bullish

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