Anglo American shares rise on revised copper output estimate

Anglo American's shares rose Monday as the miner reported it would produce three per cent more copper this year than the last.

Anglo American's shares rose Monday as the miner reported it would produce three per cent more copper this year than the last.

The revised forecast was driven in part as the troubled Collahuasi mine turns around after a tough 2012. Operational difficulties, labour unrest and a harsh Andean climate has impacted the copper mine. Last year its output fell to 282,100 tonnes from 453,300 tonnes in 2011.

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