Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Antofagasta plc
  6. News
  7. Summary
    ANTO   GB0000456144

ANTOFAGASTA PLC

(ANTO)
  Report
Delayed London Stock Exchange  -  11:35 2022-10-05 am EDT
1136.50 GBX   -0.57%
02:51pAntofagasta CEO voices concern about recession hitting copper prices
RE
07:03aCopper pulls back on firmer dollar, zinc gains on Glencore news
RE
03:38aCopper choppy as dollar steadies; China demand hopes support
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Antofagasta Raises Capex Estimate for Centinela Project Expansion to $3.7 Billion

08/11/2022 | 02:45am EDT

By Jaime Llinares Taboada


Antofagasta PLC said Thursday that the capital cost estimate for its Centinela Second Concentrator Plant project in Chile has been revised to $3.7 billion from the previous $2.7 billion.

The mining company said this increase reflects design improvements, inflation, and the results of advanced engineering and a detailed execution plan.

Antofagasta is set to make a decision on whether to proceed with the project in early 2023.

The first phase of the project would add annual production capacity of 180,000 metric tons of copper equivalent. A further expansion would increase output to 250,000 tons a year.

As for the Los Pelambres project, Antofagasta said that the desalination plant remains on track for completion in the fourth quarter of 2022, with the concentrator plant expansion expected in early 2023.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

08-11-22 0244ET

Stocks mentioned in the article
ChangeLast1st jan.
ANTOFAGASTA PLC -0.57% 1136.5 Delayed Quote.-14.61%
All news about ANTOFAGASTA PLC
02:51pAntofagasta CEO voices concern about recession hitting copper prices
RE
07:03aCopper pulls back on firmer dollar, zinc gains on Glencore news
RE
03:38aCopper choppy as dollar steadies; China demand hopes support
RE
01:20aCopper choppy as dollar steadies; China demand hopes support
RE
10/04Union at Antofagasta's Los Pelambres mine expects labor deal to avoid strike
RE
10/04Union at Antofagasta's Los Pelambres mine expects labour deal to avoid strike
RE
10/04Antofagasta Expects to Hit Lower End of FY22 Copper Production Guidance on Work Delays
MT
10/04Antofagasta plc Provides Los Pelambres Desalination Project Update
CI
10/03Antofagasta : supports the digital transformation of communities
PU
09/28Jefferies Trims Antofagasta PT, Maintains Buy Rating
MT
More news
Analyst Recommendations on ANTOFAGASTA PLC
More recommendations
Financials (USD)
Sales 2022 5 579 M - -
Net income 2022 688 M - -
Net Debt 2022 841 M - -
P/E ratio 2022 18,3x
Yield 2022 2,83%
Capitalization 12 603 M 12 603 M -
EV / Sales 2022 2,41x
EV / Sales 2023 2,23x
Nbr of Employees 6 883
Free-Float 34,5%
Chart ANTOFAGASTA PLC
Duration : Period :
Antofagasta plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANTOFAGASTA PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 12,78 $
Average target price 13,99 $
Spread / Average Target 9,45%
EPS Revisions
Managers and Directors
Iván Arriagada Herrera Group Chief Executive Officer
Mauricio Ortiz Chief Financial Officer
Jean-Paul Luksic Fontbona Non-Executive Chairman
Vivianne Blanlot Soza Independent Non-Executive Director
Jorge Bande Bruck Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ANTOFAGASTA PLC-14.61%12 888
VEDANTA LIMITED-18.19%12 723
FIRST QUANTUM MINERALS LTD.-21.18%12 084
SOCIEDAD MINERA CERRO VERDE S.A.A.-21.43%10 239
JIANGXI COPPER COMPANY LIMITED-27.56%6 044
KGHM POLSKA MIED? S.A.-30.42%4 023