March 19, 2019 / 9:10 AM / 4 months ago

Antofagasta sees copper deficit of 100,000-300,000 tonnes in 2019- CEO

March 19 (Reuters) - Chilean miner Antofagasta expects a deficit of between 100,000 and 300,000 tonnes in the global copper market in 2019, its chief executive Iván Arriagada said on Tuesday.

“When we talk about the deficit, I don’t think its going to be a big one... it’s probably in a range between 100,000 and 300,000 tonnes,” he said.

Speaking after the release of Antofagasta’s annual results, Arriagada added that the planned $2.7 billion concentrator at the Centinela mine will most likely be funded by debt.

Reporting by Justin George Varghese in Bengaluru and Zandi Shabalala in London; editing by Louise Heavens

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