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ANTO Antofagasta Plc

2,188.00
56.00 (2.63%)
Last Updated: 16:29:18
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
  56.00 2.63% 2,188.00 2,187.00 2,188.00 2,195.00 2,118.00 2,140.00 412,516 16:29:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Copper Ores 6.32B 835.1M 0.8471 25.70 21.46B

Antofagasta Sells Minera Michilla for $52 Million

28/11/2016 7:11am

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LONDON--Chilean copper miner Antofagasta PLC (ANTO.LN) said late Friday it has sold Minera Michilla SA to Haldeman Mining Company SA for $52 million.

The transaction includes the open pit mine, the underground mine, the cathode production plant and various mining properties, Antofagasta said. It will retain the acid terminal and other facilities located at Caleta Michilla, which are currently used by the company's Centinela and Antucoya mining operations.

At the end of 2014, Antofagasta announced the decision to close its operations at Michilla on Dec. 31 2015 as the reserves were insufficient to sustain and justify a large-scale mining operation. Annual copper production in 2015 was 29,400 tones, with record production of 52,730 tones being achieved in 2003.

 

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

November 28, 2016 01:56 ET (06:56 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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