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Antofagasta cuts targets despite jump in profit

first_imgTuesday 24 August 2010 7:21 pm Antofagasta cuts targets despite jump in profit Tags: NULL whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comcenter_img KCS-content Share whatsapp CHILEAN miner Antofagasta trimmed its annual production target yesterday after posting a near doubling in first-half profit on higher production and a rebound in prices.“Group copper production from the three operating mines is expected to be approximately 530,000 tonnes, slightly below the forecast of 543,000 tonnes announced in March,” a statement said.The weaker production forecast is due to delays in launching a mine expansion at its biggest mine, Los Pelambres, following an earthquake in February and lower grades at El Tesoro.Shares in the FTSE 100 firm closed down 1.5 per cent at £10.12 yesterday. The shares have climbed by 30 per cent since touching a low in early July and have outperformed the mining index by nine per cent so far this year.Even with the reduced forecast, 2010 output is due to rise 20 per cent from last year due to the plant expansion at Los Pelambres.Pre-tax profit rose to $932.1m (£605.6m) for the six months to 30 June, from $477.6m in the same period for 2009, on a 50 per cent rise in turnover to $1.76bn. Antofagasta declared an interim dividend of four cents up from 3.4 cents. last_img

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