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ANTO Antofagasta Plc

2,255.00
28.00 (1.26%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Antofagasta Plc LSE:ANTO London Ordinary Share GB0000456144 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  28.00 1.26% 2,255.00 2,253.00 2,255.00 2,268.00 2,218.00 2,249.00 2,649,451 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Copper Ores 6.32B 835.1M 0.8471 26.61 22.22B

Antofagasta: Pakistan to Pay Damages for Denying Mining Lease

21/03/2017 11:48am

Dow Jones News


Antofagasta (LSE:ANTO)
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LONDON--Antofagasta PLC (ANTO.LN) said Tuesday the Islamic Republic of Pakistan had violated several provisions of its bilateral investment treaty with Australia when it denied the Tethyan Copper Company Pty Ltd. a mining lease for the Reko Diq project in 2011.

Pakistan will have to pay the company damages, Antofagasta said.

Tethyan Copper Company is a joint venture between the company and Barrick Gold Corp. (ABX.T) and is incorporated in Australia.

Shares at 1120 GMT down 7 pence, or 0.8%, at 842.50 pence valuing the company at GBP8.31 billion.

 

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

March 21, 2017 07:33 ET (11:33 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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