Antofagasta (ANTO) will deliver its full-year report against a backdrop of faltering copper prices and doubts about the trajectory of Chinese industrial demand. Shareholders are best advised to rein in hopes of special dividends, but can expect more detail on the company's expansion plans at the Esperanza mine. With the help of Finnish construction firm Metso, Antofagasta has kicked off a project to increase daily ore throughput at the copper and gold mine by 20,000 tonnes a day.
Investors may also be privy to further news of the group’s Sami copper and gold project in southern Peru. Antofagasta completed a 726-metre diamond drill hole to test the Sami East target before suspending work during the rainy season, which ended earlier this month.
