London-listed base metals miner Antofagasta has reported a 3% decline in profit for the six months ended June, despite a 24.7% reduction in operating costs offsetting the decline in the copper price and lower sales volumes, the miner said Tuesday.
Antofagasta reported a net profit of $88.1-million for the first six months of the year, compared with $706-million in the same period a year earlier, when it benefited from a $620-million gain on proceeds from the sale of its water division.
