COPPER CAPER

10th April 2015 By: Martin Creamer - Creamer Media Editor

COPPER CAPER

While London-listed Chilean mining company Antofagasta is cautious on 2015 macroeconomics, it remained steadfast on 2014 dividend payouts, which totalled $212-million for the 12 months to December 31. Although Antofagasta CEO Diego Hernandez, above, reported 17.8%-lower 2014 earnings before interest, taxes, depreciation and amortisation (Ebitda) at $2 221.6-million on lower copper prices, the company’s Ebitda margin of 42% was not that far below last year’s 45.3%.