• Text size      
  • Send this article to a friend
  • Print this article

Antofagasta turnover slumps

Chilean-based miner Antofagasta has said its turnover for the first six months of the year fell 4.2 per cent to $2.66 billion dollars (£1.6bn).

Higher employee costs and a fall in the price of copper resulted in pre-tax profits dipping from $981m to $850.7m for the period to June 30, 2014.

However it added it remained on track to meet full year targets of recovering 700,000 tonnes of copper, 270,000 ounces of gold and 7,500 tonnes of the metal molybdenum, which is used to make steel.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.