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20 Jan
16:33

COPPER: Antofagasta expects lower production, higher costs in 2022

UK-listed, Chilean mining group Antofagasta expects its copper production costs to increase this year, Kallanish reports. “In 2022 we expect copper production to be 660,000-690,000 tonnes at a net cash cost of $1.55 per pound as grades decrease at Centinela Concentrates and the drought continues to impact Los Pelambres,” ceo Iván Arriagada said in the company’s Q4 2021 production report. Last year, Antofagasta managed to achieve both its…
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