Antofagasta Plc News
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U.K. stocks gained for a second day as BG Group Plc reported production that beat estimates and a gauge of mining shares rallied after the European Central Bank lowered its benchmark interest rate.
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Copper fell for a second day in London on concern demand will take time to revive after an official manufacturing gauge was weaker than projected in China, the world’s biggest consumer of the metal.
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Antofagasta Plc, the copper producer controlled by Chile’s Luksic family, said first-quarter output rose 13 percent on increased production at its Esperanza mine.
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U.K. stocks fell for the first time in four days, led by a selloff in mining companies, as base metals declined and U.S. economic growth trailed forecasts.
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Guillermo Luksic Craig, who bet part of Chile’s biggest fortune on turning around Latin America’s largest container shipping company, died yesterday of lung cancer. He was 57.
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Guillermo Luksic Craig, who bet part of Chile’s biggest fortune on turning around Latin America’s largest container shipping company, died yesterday of lung cancer. He was 57.
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Antofagasta Plc, the copper producer controlled by Chile’s Luksic family, is renegotiating contracts at its stalled Antucoya project to keep the budget at the agreed $1.86 billion, the chief executive officer said.
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U.K. stocks declined, erasing the FTSE 100 Index’s earlier advance, as banks and mining companies retreated after investor optimism faded over Cyprus’s bailout from the euro area.
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People streamed into the central square in Celendin, a small city in the Peruvian Andes, the morning of July 3, 2012. They were protesting the government’s support for Newmont Mining Corp.’s plan to take control of four lakes to make way for a new gold and copper mine. By midday, there were 3,000.
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Glencore International Plc’s $36 billion takeover of Xstrata Plc will unite about 130,000 employees that operate in more than 40 countries. The proposed board of directors doesn’t include a single woman.
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