Antofagasta's profits pared by mark-to-market adjustments

Higher copper prices and increased output was a winning combination for Chilean copper miner Antofagasta in the first nine months of 2011.

Higher copper prices and increased output was a winning combination for Chilean copper miner Antofagasta in the first nine months of 2011.

Group revenue in the period totalled $4,173m, up 31.7% from the $3,169m seen in the corresponding period of 2010. As well as benefiting from higher copper prices and volumes, the firm also saw a higher volume of gold sales.

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