Chilean miner Antofagasta will retain its dividend policy of paying out at least 35% of underlying net earnings but will pay out excess funds from the proceeds of sales to shareholders, its chief executive said.
"If you look at the last three or four years, we have been distributing close to around 50% of net earnings. We are not going to change the policy; we think it has served us well through the cycle," CE Iván Arriagada said on the sidelines of a copper conference in Santiago.