Articles Tagged "Antofagasta"

Antofagasta Holds to Copper Guidance

Copper – 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.

Chile Sees 2013 Copper Production Boost Contributing to Global Surplus

Copper – Chile’s copper output could hit a new record this year as BHP Billiton squeezes more life out of the world’s largest copper mine, Escondida. As such, the company may be complicit in tipping the global supply-demand balance into a surplus — and ultimately putting pressure on copper prices.

Copper Market Anxious Despite China’s European Bond Buying Plans

Copper – Copper traders are taking a wait-and-see approach ahead of Friday's speech from the Federal Reserve chairman. The red metal did, however, get some lift from China's continued commitment to buy European government bonds as a means to stabilize the Eurozone.