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February 13, 2016 3:09 AM 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 1980 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

Chile

Founded in 1980

Phone:

56 2 798 7000

Fax:

56 2 798 7445

Key Executives for Antofagasta Minerals S.A.

Chief Executive Officer
Age: 51
Vice-President of Operations
Chief Executive Officer of Antofagasta Plc
Age: 66
Managing Director
Age: 82
Vice-President of Legal
Compensation as of Fiscal Year 2015.

Antofagasta Minerals S.A. Key Developments

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.

Antofagasta Minerals S.A. Presents at 11th Asia Copper Conference, Nov-17-2015 through Nov-19-2015

Antofagasta Minerals S.A. Presents at 11th Asia Copper Conference, Nov-17-2015 through Nov-19-2015. Venue: Grand Hyatt Shanghai, China. Presentation Date & Speakers: Nov-18-2015, Ivan Arriagada, CEO. Nov-19-2015, Ivan Arriagada, CEO.

Antofagasta Minerals Announces Layoffs

Antofagasta Minerals announced that it will lay off 7% of its workforce. The restructuring process will affect workers from units Los Pelambres and Centinela, as well as from corporate headquarters in capital Santiago. Some 300 people are expected to be laid off.

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