Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iván Arriagada said the company will only go ahead with the project if it meets Antofagasta’s return criteria.
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The Chilean miner expects demand to outstrip supply in 2019 as consumption growth remains positive, but production increases continue to be minimal.
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The miner produced 220,000 tonnes of the red metal in the three months to December, up 16% from the previous quarter, boosted by higher throughput and improved copper grades.
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