Antofagasta Holds to Copper Guidance

Mining.com reported today that Chile’s Antofagasta Minerals (LSE:ANTO) said that it is staying on track to meet its target guidance this year. Despite admitting that short term markets are challenging, the major miner plans to produce 700,000 tonnes of the red metal this year, according to Mining.com.

As quoted in the publication:

The London-listed firm said expansion of the vast open-pit mine, located in Chile’s in the central-northern area, is currently at the feasibility study stage. If the project goes ahead, this would increase the mine’s processing capacity to 205,000 tons of ore per day. Los Pelambres has already been expanded three times, increasing production from 85,000 tons since commissioning in 2000 to 175,000 tons currently.

Click here to read the full Mining.com article.