Peru: Antamina churns out 74,400t Cu, 72,200t Zn in Q1
Source: BNamericas
The Antamina mine in Peru produced 74,400t of copper, 72,200t of zinc and 1.88Mlb (853t) of molybdenum in the first quarter of 2007, the mine's 22.5%-owner Teck Cominco said in its Q1 results report.
Production in this year's first quarter compares to 101,200t copper, 26,300t zinc and 4.13Mlb molybdenum in 1Q06.
Teck Cominco's (TSX: TEK) share of Antamina's output amounted to 17,000t of copper, 16,000t of zinc and 424,000lb of molybdenum in 1Q07 compared to 23,000t, 6,000t and 929,000lb respectively year-on-year.
The company's cut of the mine's operating profit in 1Q07 came to Cdn$114mn (US$101mn) compared to Cdn$90.0mn year-on-year. Teck's total net earnings for Q1 came to Cdn$360mn versus Cdn$448mn year-on-year.
Anglo-Australian BHP Billiton (NYSE: BHP) and Switzerland's Xstrata (LSE: XTA) hold 33.75% each of the copper-zinc mining company Antamina. Japan's Mitsubishi has the remaining 10%. |
