Antofagasta Expects 2022 Copper Production at Bottom of Guidance Range

By Jaime Llinares Taboada

Antofagasta PLC on Wednesday warned that its 2022 copper production will be at the bottom end of the 660,000-690,000 metric tons guidance range.

The company's Los Pelambres operation has been affected by a leak in the concentrate pipeline this month. Antofagasta said repairs have started and the pipeline should resume by the end of June.

"During the shutdown the processing plant has been operating at lower rates of throughput, with concentrates being stockpiled at the plant. These will be transferred to the port between July and October using the spare capacity of the pipeline," the Chile-focused mining company said.

Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT

(END) Dow Jones Newswires

06-15-22 0232ET