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Antofagasta cashes up for M&A

CHILEAN copper miner and Tethyan takeover hopeful Antofagasta “continues to look at opportunities to secure world-class mining assets” and with more than $US850 million ($A1.15 billion) in the bank, the company evidently has the means to make good on its word.

Michael Vaughan

After generating $1.6 billion in revenue last year, Antofagasta’s profit before tax came in at $1.5 billion, thanks largely to a 28% increase in the copper price ($1.67 per pound) it achieved for its 467,300...

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