Article: Antofagasta reaps copper profits.(Statistical Data Included)

The financial results for London-listed Antofagasta plc for the six months to June 30, 2000 demonstrated the quantum leap forward that the group has made in the past 12 months in its ambitions to become a major South American copper producer. Turnover rose more than four-fold compared with the first six months of 1999, to total US$316.2 million. The increase was due almost entirely to Antofagasta's 60%-owned Los Pelambres copper mine in northern Chile, which shipped its first concentrates last November and entered commercial production at the start of this year.

The commissioning of Los Pelambres coincided with rising copper prices (the average market price for ...

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