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Antofagasta Minerals says to cut 7 pct of workforce

Reuters - UK Focus

SANTIAGO, Oct (HKSE: 3366-OL.HK - news) 6 (Reuters) - Chilean copper mining company Antofagasta Minerals said on Tuesday that it was reducing its workforce by around 7 percent in order to increase competitiveness and cut costs.

Copper miners globally have been laying off workers and suspending operations as the world copper price has slid to a six-year low.

Antofagasta Minerals is the operational division of London-listed Antofagasta PLC (Other OTC: ANFGF - news) . (Reporting by Rosalba O'Brien)