Antofagasta plc
About Antofagasta plc
Overview
Antofagasta plc is a Chilean-focused copper mining group with operations centered in the mineral-rich Antofagasta region of northern Chile. Founded over a century ago, the company is controlled by the Luksic family and operates four major copper mines. Antofagasta is known for operational excellence and has one of the industry's longest-life reserve bases.
Operations
Antofagasta operates Los Pelambres (one of the world's largest copper-molybdenum mines), Centinela (copper-gold), Antucoya (copper), and Zaldívar (copper) mines in Chile. The company produces approximately 750,000 tonnes of copper annually along with significant molybdenum and gold by-product. All operations are located in the mineral-rich regions of central and northern Chile.
Strategy
The company's strategy focuses on maximizing value from its Chilean asset base through operational improvements, pursuing organic growth through expansions and new developments, maintaining industry-leading sustainability performance, and delivering strong returns to shareholders. Antofagasta emphasizes water and energy efficiency in the water-scarce Chilean environment.
Key Projects
Major projects include the Los Pelambres expansion which will extend mine life and increase production, potential chloride leach plant at Centinela, and the Twin Metals copper-nickel-PGM project in Minnesota (in permitting). The company maintains an extensive exploration program in Chile and is evaluating several brownfield expansion opportunities at existing operations.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- ANTO
- Market Cap
- Large Cap
- Category
- Copper
- Commodities
- Copper, Gold
- Headquarters
- London, UK (Operations: Chile)
- Founded
- 1888
- Employees
- ~6,500
Operating Countries
Producing Assets
- •Los Pelambres (Chile)
- •Centinela (Chile)
- •Antucoya (Chile)
- •Zaldívar (Chile)
Development Assets
- •Twin Metals (USA)
- •Los Pelambres Expansion (Chile)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.