Antofagasta on track to hit copper production targets

Increased production at its Esperanza mine enabled Chilean copper miner Antofagasta to crank up copper production in the second quarter and keep its full year guidance intact.

Increased production at its Esperanza mine enabled Chilean copper miner Antofagasta to crank up copper production in the second quarter and keep its full year guidance intact.

Group copper production was 173,200 tonnes in the second quarter of 2012, a 6.3% increase compared with the previous quarter. Copper production for the whole of 2012 is still expected to be around 700,000 tonnes; at the halfway point the group was a bit behind the pace with copper production of 336,000 tonnes, up 16.55 on the first half of last year.

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