Advertisement
UK markets open in 7 hours 24 minutes
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     
  • CRUDE OIL

    85.32
    -0.04 (-0.05%)
     
  • GOLD FUTURES

    2,399.40
    -8.40 (-0.35%)
     
  • DOW

    37,798.97
    +63.86 (+0.17%)
     
  • Bitcoin GBP

    51,331.40
    +397.06 (+0.78%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,865.25
    -19.77 (-0.12%)
     
  • UK FTSE All Share

    4,260.41
    -78.49 (-1.81%)
     

Antofagasta trims 2017 cost estimate as Q3 output rises

LONDON, Oct (Shenzhen: 000069.SZ - news) 25 (Reuters) - Chilean copper miner Antofagasta (LSE: ANTO.L - news) on Wednesday posted a 3 percent rise in quarterly production on a better performance at its Los Pelambres mine and said cash costs for the year will be lower than previous estimates.

Copper output in the third quarter rose 3.3 percent to 180,000 tonnes compared with the previous quarter, the miner said. Net (LSE: 0LN0.L - news) cash costs for 2017 will be lower than the $1.30 per pound previously guided but a new estimate was not specified. (Reporting by Zandi Shabalala; Editing by David Holmes)