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December 01, 2015 9:18 AM ET

Metals and Mining

Company Overview of Minera Escondida Limitada

Company Overview

Minera Escondida Limitada engages in prospecting, extracting, processing, and commercializing ore resources. It produces copper, silver and gold concentrates, and copper cathodes. The company was founded in 1985 and is based in Santiago, the Republic of Chile. Minera Escondida Limitada operates as a subsidiary of BHP Billiton Limited.

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Key Executives for Minera Escondida Limitada

Vice President of Finance
Vice President of Operational Services
Vice President of Human Resources
Vice President of Projects
Compensation as of Fiscal Year 2015.

Minera Escondida Limitada Key Developments

Minera Escondida Announces Earnings and Operating Results for the Nine Months Ended September 2015

Minera Escondida announced earnings and operating results for the nine months ended September 2015. For the period, the company saw net profits drop 42% year-on-year to USD 1.18 billion. Revenue totaled USD 5.42 billion, down 11%, which the company attributed to a drop in copper prices. Operating profits were down 42% to USD 1.54 billion. Production reached 927,668t, up 6% from January-September 2014, and comprised 690,070t copper concentrates and 237,598t cathodes.

Escondida Announces Earnings Results and Production for the First Nine Months Ended September 2014

Escondida announced earnings and production results for the first nine months ended September 2014. The company saw net profits in January-September drop 10.3% year-on-year to USD 2.02 billion. Revenues were down 5.3% at USD 6.08 billion, which the company attributed to lower copper prices. Operating profits fell 10.2% to USD 2.64 billion compared with USD 2.94 billion in the same period 2013. Production reached 880,823t, down 2.3%, comprising 654,245t copper in concentrates and 226,578t cathodes.

Minera Escondida Reports Earnings and Production Results for the First Quarter Ended March 2014

Minera Escondida reported earnings and production results for the first quarter ended March 2014. For the quarter, the company reported net profits decline 47.3% to $451 million in from $856 million in 2013. Revenue was totaled $1.69 billion, down 20.4% from $2.12 billion in the same year-ago period, which the company attributed to a drop in copper prices. Operating profits were down 15.3% to $838 million compared to $989 million in 2013. For the quarter, production reached 272,776 tons, down 10.7% from January-March 2013, and comprised 197,021 tons copper concentrates and 75,755 tons cathodes.

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