Antofagasta beats 2011 copper output targets

Mining giant Antofagasta saw full-year production rise 22.9% to surpass its earlier guidance after a strong end to the year.

Mining giant Antofagasta saw full-year production rise 22.9% to surpass its earlier guidance after a strong end to the year.

Group copper production rose 13.3% in the fourth quarter to 187,000 tonnes, helping full-year production increase to 640,500 tonnes, compared with 521,100 tonnes in 2010. Antofagasta said that the full-year result was due to the start-up of Esperanza and increased throughput at Los Pelambres in Chile.

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