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Surging copper helps Antofagasta pay bumper dividend  

“A jump in the price of copper has helped Chilean mining group Antofagasta pay a bumper dividend and slash its debt pile to virtually nil” writes Jon Yeomans for telegraph.co.uk. The red metal, prized for its conductivity and thermal properties, climbed 27pc in 2017, driving profits higher at Antofagasta and allowing it to fund a 177pc jump in its full-year dividend.Antofagasta is now generating so much cash from its four mines in Chile that – in addition to the dividend boost – it was able to lop $458m off its debt pile, reducing it to just $42m.
 
Source: telegraph.co.uk



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