Antofagasta will diversify out of Chile and copper: analysts
Antofagasta may begin diversifying out of Chile and out of copper in the near future as it moves forward with a number of joint ventures, analysts told MB. ``Diversification in terms of geographical spread has been their ambition for a number of years,'' Charles Cooper, a mining analyst at Oriel Securities, said, giving an add recommendation.
Chile's state copper giant Codelco will invest over USD 16 billion between 2011-2015 and expects copper prices to remain strong in the long term.