Antofagasta plc

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Antofagasta PLC, Chilean enterprise partnership that operates in different headings from the economy of that country. Form leaves from Grupo Luksic. At the moment he is one of the most important conglomerates of Chile, having participation in the property of: Antofagasta Minerals, Railroad from Antofagasta to Bolivia and Aguas Antofagasta in Chile; Tethian in Australia and other investments in different parts from the world.

Antofagasta PLC, Chilean enterprise partnership that operates in different headings from the economy of that country. Form leaves from Grupo Luksic. At the moment he is one of the most important conglomerates of Chile, having participation in the property of: Antofagasta Minerals, Ferrocarril Antofagasta a Bolivia and Aguas Antofagasta in Chile; Tethian in Australia and other investments in different parts from the world.

[edit] History

The history of the group began with the Ferrocarril Antofagasta a Bolivia, that was bought in London in 1888. I send the actions to stock-market of London, of the company Ferrocarril de Antofagasta a Bolivia, Antofagasta is a port in the pacific coast of Chile to the north, and La Paz, the capital of Bolivia. In years 80, a majority participation of the company was acquired by the Grupo Luksic, Chilean industrial family. In 1982, the PLC of the possessions of Antofagasta (later retitulado Antofagasta PLC in 1999) was formed like the new company that maintained, to continue with the own business and also to make other investments in Chile. During years 80, diversificador Antofagasta to other sectors - like the acquisition of one it leaves important from the underground operation of Michilla in 1983 and the Pelambres in 1986, but also invirtienron in telecommunications and you make. In 1996, Antofagasta combined its banking activities and the industrial interests in Quiñenco S.A., a Chilean company also diversified controlled by the family of Luksic. The fusion of those interests allowed Antofagasta to concentrate itself in the development of the projects of the mines of the Pelambres and the Treasure and to feel a cheap important copper producer well. This strategy was reached with the guessed right development of these projects between 1997 and 2001. Today, Antofagasta is one of the greater international copper producers. Their activities are concentrated mainly in Chile in where now it has and it works three copper mines: The Pelambres, Tesoro and Michilla, with a total production of 467 thousand tons in 2005. The division of the mining operation of the group, Antofagasta Minerals, also is implied actively inside exploration particularly in Chile and Peru. In addition, the group works an extensive network of the railroad maintained in the important region in the Chile north, that is centered in the port of Antofagasta. It also works a concession for the distribution of the water in this region. Today, the parts of Antofagasta PLC negotiate in London under ANTO code and the United States, in where the company has a level 1 ADR, under ANFGY code.