Antofagasta Share Discussion Threads

[market sniper3] 21/1/2016 16:40

Hoping so.

[sogoesit] 21/1/2016 16:36

All miners doing well, Copper still below 200c.
A bounce off the bottom?

[market sniper3] 21/1/2016 15:13

Very good. !

[chinese investor] 21/1/2016 15:11

Looking Good !

[market sniper3] 21/1/2016 12:39

The charts point out that copper is nearing what looks like a yearly bottom and secondly and more positively warehouse stocks have dropped dramatically and leveling off.!!!!!!!!!


In fact the latest 30 day chart showing copper supply is dropping at warehouses.....

[market sniper3] 21/1/2016 12:37

ANTO Antofagasta PLC MINER.........in paticular COPPER.

Speculative punt, very speculative. Went long earlier this morning. Tight Stop.

Is it near a bottom?, does to a CERTAIN extent (debatable) follow the price of copper.



Copper Price Near A Bottom !!!!!...........









COPPER INVENTORIES........

[chinese investor] 21/1/2016 10:36

This Could Be The Recovery !

[sogoesit] 19/1/2016 08:49

Copper back at 200... just.
Albeit a slowdown in China, market seems relieved.

[chinese investor] 12/1/2016 11:09

And Good Luck To You !

[sogoesit] 12/1/2016 08:22

Copper well below the 200 now.
So short ANTO at 381.5 this morning. Target 270p.
Good luck!

[chinese investor] 08/1/2016 12:27

I'm gonna get off the ledge and get back into the office !

[chinese investor] 07/1/2016 10:43

Please don't blame the Chinese !

[chinese investor] 23/12/2015 09:36

460p !

300p To Go !

760p Target !

[mcsean2164] 13/12/2015 00:06

hmm.. sounds like anto are not welcome in the area...

[chinese investor] 28/11/2015 12:25

Anglo-Australian miners BHP Billiton Ltd. and Rio Tinto PLC are building a $3.4 billion desalination plant in Chile after warning that water shortfalls could crimp production at their jointly owned Escondida mine--the world's largest, also in Atacama.

Still, some analysts say water-related supply disruptions, declining ore grades--the ratio of pure copper to waste products--and slowing growth of new projects will push copper production into a deficit, where demand outstrips supply by the end of the decade.

CRU Group, which tracks commodity trends, expects copper prices to wane over the next year or two before rebounding in 2017 and topping $6,000 a ton by 2019, when it expects the market to tip into a deficit. That is below the metal's record high of $10,000 a ton reached in 2011 but still historically high.

The slowdown is expected to be the worst in Chile, which yields nearly six million tons of the industrial metal a year--more than triple the next biggest supplier, China, and a third of global output. The five largest copper mines in the world by output are located in Chile, with Los Pelambres coming in No. 4, according to CRU Group.

Water shortages are adding to problems like high energy prices, labor costs that rival those in the U.S. and a sharp decline in ore grades that is causing miners to think twice about starting new projects in the country.

After years of increases, Chile's copper production in 2014 fell 30,000 tons from the previous year to 5.75 million tons, according to Cochilco, Chile's state copper commission, as water constraints and poorer ore grades curbed output.

Cochilco said in a recent report on water consumption that it expects seawater consumption by Chilean copper mines to increase by 14% a year by 2026, even as freshwater usage declines about 2% a year.

A major uncertainty for copper prices is demand. Copper consumption in China, which uses more than 40% of the world's total, is uncertain. Jeffrey Currie, head of commodities research at Goldman Sachs Group Inc., said in October that prices could fall an additional 20% by the end of 2016, partly due to softening China demand.

Among the most dramatic examples of the water-resource issue is the dispute over the dam built for Los Pelambres, a flagship operation that accounts for more than 50% of Antofagasta's mining revenue.

"We had enough water for the whole town, the animals, the crops," said Juan Tapia Bonilla, a local tree farmer. He added that the situation changed when Antofagasta built a dam in 2008. "This cut the water."

The residents were also concerned about the safety of the dam in an area known for earthquakes. Their concerns were highlighted earlier this month when a tailings dam burst at a Brazilian iron-ore mine, killing as many as 12 people and flooding a nearby village.

Antofagasta argues that a drought that began around the same year the dam opened is largely responsible for the region's water problems. The company also says the dam was authorized after an environmental-impact study was approved by the Chilean government and that destroying it could send waste products flowing into the valley below.

Antofagasta says it stepped up its engagement with the community in Caimanes in August.

The opposition persists. Residents have waged a legal battle against the dam, launched hunger strikes and staged protests that have caused operational problems resulting in an estimated loss of 8,000 tons of copper.

Antofagasta said copper production in the first nine months of the year fell 11% from a year ago, due in part to "community actions" at Los Pelambres.

[chinese investor] 27/11/2015 18:54

Copper prices, which have been among the hardest-hit in this year’s commodity fallout, rallied on Thursday amid reports that China regulators may be looking into short-selling of copper and other metals.

December high-grade copper HGZ5, +0.32% jumped 5 cents, or 2.2%, to $2.092 a pound, according to FactSet Research.

Copper was the best performing metal among the base and precious metals group.

China’s biggest nickel and copper suppliers will meet this week and is considering measures to combat what they see as excessive short-selling of copper, zinc and other metals, and provide support for the market, according to sources cited by Bloomberg News.

[pixi] 27/11/2015 12:02

There's a golden crossover on MACD - see Gateside's ANTO.

[chinese investor] 26/11/2015 16:16

Thanks pixi.

April 2015 - "A Chilean court has handed a key victory to London-listed Antofagasta Plc. (LON:ANTO) this week by ruling the miner’s flagship Los Pelambres copper mine, located, 200km north of capital Santiago, is safe."

[chinese investor] 26/11/2015 15:24

A judge this year sided with the farmers and ordered Antofagasta to demolish the nearby Los Pelambres mine, which produces 2% of the world's copper. The mine is still operating as the company appeals.

"We will have to stop operating if the tailings dam can't operate," Antofagasta's chief of mining, Ivan Arriagada, said in an interview.

[chinese investor] 26/11/2015 08:17

Solid Start !

[irish luck] 22/11/2015 10:19

Good call Max, can I ask what chart studies you are using ?