Antofagasta (ANTO)

Sector:

Mining

Index:

FTSE 100

1,422.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 1,781.50
  • 52 Week Low: 1,227.00
  • Currency: UK Pounds
  • Shares Issued: 985.86m
  • Volume: 1,325,213
  • Market Cap: £14,024m
  • RiskGrade: 186

Antofagasta upbeat on production as it lays out green credentials

By Josh White

Date: Tuesday 14 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Antofagasta updated the market on its planning on Tuesday, reporting that five-year production could reach 900,000 tonnes of copper by 2026 if the Second Concentrator project at Centinela was approved by the end of 2022.
The FTSE 100 miner, which was holding its capital markets day, said it was looking at 18 billion tonnes of mineral resources, with seven billion tonnes in the Centinela mining district and six billion tonnes at Los Pelambres.

It said it was looking to use a proprietary primary sulphide leach technology which, if proved successful, could unlock previously uneconomic tonnes from lower grade chalcopyrite ore.

Antofagasta said 2022 capital expenditure guidance would be given in the fourth quarter production report, together with mine-by-mine production and cost guidance, once a review of the Los Pelambres Expansion project was finalised.

Looking at its green credentials, Antofagasta said 90% of water used in our operations was expected to be from seawater or recirculated water by 2025, while 100% of its energy requirement in operations was planned to be from renewables by the end of 2022.

The company said it was "building out" new ways of mining using autonomous trucks, remote operating centres and establishing a 'digital academy', so its employees could work in a "safer and healthier" environment.

It said it was making "strong" social commitments, working with local suppliers and communities, while its expanded capital allocation framework now included climate change factors.

"Antofagasta is a pure play copper producer with high quality assets in Chile, supported by a team that delivers reliably and responsibly through the cycle," said chief executive officer Iván Arriagada.

"Today you will hear from our team as we discuss how we mine and what we are doing to progress the future of mining in a way that is sustainable and delivers value for all our stakeholders.

"You will also hear about the embedded growth options we have in our portfolio and the levers we have to unlock that growth, in a value-accretive way, over many years to come."

At 09219 GMT, shares in Antofagasta were up 1.01% at 1,400.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Antofagasta Market Data

Currency UK Pounds
Share Price 1,422.50p
Change Today -2.50p
% Change -0.18 %
52 Week High 1,781.50
52 Week Low 1,227.00
Volume 1,325,213
Shares Issued 985.86m
Market Cap £14,024m
RiskGrade 186

Antofagasta Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.66% above the market average24.66% above the market average24.66% above the market average24.66% above the market average24.66% above the market average
92.92% below the sector average92.92% below the sector average92.92% below the sector average92.92% below the sector average92.92% below the sector average
Price Trend
59.35% above the market average59.35% above the market average59.35% above the market average59.35% above the market average59.35% above the market average
48.61% above the sector average48.61% above the sector average48.61% above the sector average48.61% above the sector average48.61% above the sector average
Income
81.95% above the market average81.95% above the market average81.95% above the market average81.95% above the market average81.95% above the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average
Growth
46.62% below the market average46.62% below the market average46.62% below the market average46.62% below the market average46.62% below the market average
87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 9
Sell 0
Strong Sell 4
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Antofagasta Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Apr-22 02-Sep-21
Paid 13-May-22 01-Oct-21
Amount 118.90¢ 23.60¢

Trades for 20-May-2022

Time Volume / Share Price
17:13 1,371 @ 1,416.50p
17:07 231 @ 1,426.20p
17:07 103 @ 1,427.42p
17:07 228 @ 1,425.40p
17:06 8 @ 1,439.56p

Antofagasta Key Personnel

Chair Jean-Paul Luksic

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