April 27, 2016 / 6:21 AM / 2 years ago

Antofagasta sees year-on year rise in copper output, focus on cost

BRUSSELS, April 27 (Reuters) - Chilean copper miner Antofagasta on Wednesday reported an increase in copper output in the first quarter versus a year ago, but a decline from the end of 2015 and said it remained focused on savings.

First-quarter output of 157,100 tonnes was up 7.3 percent from a year earlier but down 7.5 percent versus the final quarter of 2015.

“Movements in the copper price over the quarter may suggest the market is beginning to stabilise. However, with price growth likely to remain subdued in the near term, our focus continues to be on operating safely, efficiently and profitably,” it said in a statement. (Reporting by Barbara Lewis; editing by Jason Neely)

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