UPDATE 2-Antofagasta cuts annual copper output forecast for third time

miércoles 28 de octubre de 2015 06:02 GYT

* FY copper output seen at 635,000 T from 665,000 T

* Maintains FY cash cost expectations at $1.47 per pound

* Shares fall more than 2 percent (Adds more details, shares, analysts comment)

By Olivia Kumwenda-Mtambo

Oct 28 (Reuters) - Chile's Antofagasta Plc on Wednesday cut its annual copper production forecast for the third time this year, sending its shares lower as the miner posted steady output in the third quarter versus the second.

Antofagasta shares, down 29 percent this year, fell 2.3 percent to 532 pence as of 0934 GMT.

Like its peers, London-listed Antofagasta is battling a slide in commodity prices as a result of slowing growth in China, the world's top consumer of industrial metals.

The miner has this year also been hurt by declining ore grades, unfavourable weather and environmental protests.

It cut its full-year copper output guidance to 635,000 tonnes from 665,000 after delayed ramp-up at its Centinela Concentrates operations and a minor pit wall slide at its Centinela Cathodes operations.   Continuación...