January 20, 2017 12:26 PM ET

Metals and Mining

Company Overview of Antofagasta Minerals S.A.

Company Overview

Antofagasta Minerals S.A. explores, produces, and sells copper and other minerals. The company produces copper concentrate and copper cathodes, gold, silver, and molybdenum. It sells its copper concentrate to smelters to extract silver and gold; and molybdenum concentrate for processing and refining. The company undertakes projects in Santiago, Chile; and Saint Paul, Minnesota. Antofagasta Minerals S.A. was formerly known as Anaconda Chile S.A. The company was founded in 1979 and is based in Las Condes, Chile with additional offices in Toronto, Canada; Lima, Peru; London, United Kingdom; Shanghai, China; and Queensland, Australia. It also has operations in Antofagasta, Chile; and exploration...

Av. Apoquindo 4001

Piso 18

Las Condes,  7550162


Founded in 1979


56 2 798 7000


56 2 798 7445

Key Executives for Antofagasta Minerals S.A.

Chief Executive Officer
Age: 52
Vice-President of Operations
Managing Director
Age: 83
Vice-President of Legal
Vice-President of Human Resources
Compensation as of Fiscal Year 2016.

Antofagasta Minerals S.A. Key Developments

Antofagasta Minerals Announces Executive Changes, Effective January 18

Antofagasta Minerals has appointed Andrés Hevia as the new general manager of its Centinela division in northern Antofagasta region (II), taking over from André Sougarret who will leave the company January 18. Sougarret was in charge of integrating the Esperanza and El Tesoro copper mines, which were previously operated independently, into Centinela. Prior to his appointment, Hevia served as an independent board member at different mining companies. He has more than 32 years of experience, having previously worked at BHP Billiton and Minera Escondida.

Antofagasta Minerals Announces Production Results for the Second Quarter and First Half of 2016; Reaffirms Production Guidance for the Year 2016

Antofagasta Minerals announced production results for the second quarter and first half of 2016. For the second quarter, the company reported that production climb 5.8% to 166,200t of copper from 157,100t in the previous quarter. For the first half 2016, the company's copper output was up 6.6% to 323,300t. Gold output was 2.7% lower year-on-year at 109,500oz. Molybdenum output, all from Los Pelambres, was down 5.9% from the first quarter to 1,600t, while January-June production fell 29.8% to 3,300t. The company is forecasting 2016 production to be at the lower end of the range announced in January 710,000t-740,000t. Gold and molybdenum guidance for the 2016 is 245,000-275,000oz and 8,000-9,000t, respectively.

Antofagasta Minerals Reports Production Results for the Fourth Quarter and Year 2015; Provides Production Guidance for the Year 2016

Antofagasta Minerals reported production results for the fourth quarter and year 2015. For the quarter, production was 169,900t, up 8.2% sequentially but down from 187,500t in fourth quarter of 2014. Quarterly gold production was 55,700oz, up 21.8% sequentially but down from 82,300oz in fourth quarter of 2014. The company reported production of 630,000t, down 10.6% from 704,800t mined in 2014. Full year gold production was 213,900oz, down from 270,900oz in 2014. The company is forecasting 2016 production to be in the range of 710,000t-740,000t. Gold and molybdenum guidance for the 2016 is 245,000-275,000oz and 8,000-9,000t, respectively.

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