Antofagasta

Antofagasta Plc owes its birth to the Railway Industry. In 1888, the company launched as an entity whose objective was to operate the railway line running between Antofagasta in Chile and La Paz in Bolivia. In 1979, the Luksic Group acquired a controlling stake in Antofagasta and began to diversify its business. The company entered the mining industry in the 1980s. The company establishes several subsidiaries through which it conducts mineral exploration, evaluation, and development. Primarily, the company operates in the copper industry, where it produces copper concentrates and other by-products like copper cathodes and molybdenum. The company did not abandon the rail business as it still transports goods, especially heavy cargo, for clients in Chile. The company has its headquarters in London, Britain. Antofagasta listed on the London Stock Exchange in 1888 around the same time when it became an official company. Primarily, Antofagasta categorizes its operations undermining and transport divisions.

Latest Antofagasta News

FTSE 100 Index – Highlights of Wednesday, October 23rd, 2019

The FTSE 100 index was off to a slow start on Wednesday morning, October 23rd, 2019. Sterling’s struggle later in the day derived from the uncertainty that has been circling Brexit once again, however, helped equities climb high and continue...

FTSE 100 Index – An overview of Tuesday, October 22nd, 2019

While the Brexit associated uncertainty is at an all-time high, the persistent comments from Trump administrations regarding the U.S – China trade negotiations proceeding in the right direction are helping the FTSE 100 index advance its upward rally. The market...

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