Key Developments: Antofagasta PLC (ANTO.L)

ANTO.L on London Stock Exchange

730.50GBp
21 Nov 2014
Price Change (% chg)

33.50p (+4.81%)
Prev Close
697.00p
Open
701.00p
Day's High
733.50p
Day's Low
694.00p
Volume
3,424,213
Avg. Vol
2,425,253
52-wk High
959.50p
52-wk Low
658.00p

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Latest Key Developments (Source: Significant Developments)

Wallbridge Closes on Duluth Metals Share Sale Transaction with Antofagasta
Wednesday, 12 Nov 2014 09:18am EST 

Wallbridge:Closes on its share purchase transaction with Antofagasta Investment Company Limited.Whereby Antofagasta purchased 5,075,061 common shares in the capital of Duluth Metals Limited from Wallbridge at C$0.45 per share for aggregate gross proceeds of $2,283,777.45.Concurrent with the closing of the share purchase transaction with Antofagasta, Wallbridge also prepaid $750,000 of its outstanding $1.5 mln bridge loan owing to Auramet International LLC.No penalty was payable by Wallbridge to exercise its prepayment rights in respect of the Auramet loan.  Full Article

Duluth Metals Limited completes initial tranche of private placement with Antofagasta Investment Company Limited
Monday, 10 Nov 2014 03:13pm EST 

Duluth Metals Limited:Completes the initial tranche of the private placement with Antofagasta Investment Company Limited, a wholly-owned subsidiary of Antofagasta PLC.Comprised of 2,222,222 common shares at a price of C$0.45 per share for gross proceeds of about C$1,000,000.Private placement was completed in connection with a binding agreement dated Nov. 03 between Duluth and Antofagasta.Whereby Antofagasta has agreed to acquire all of the outstanding common shares of Duluth by way of a friendly take-over bid or a plan of arrangement at a price of C$0.45 per common share in cash.Says a second tranche of the private placement, in the amount of C$1.3 mln, is expected to be completed on the date of execution of a definitive agreement with respect to the Transaction, which is scheduled to occur by Nov. 21.  Full Article

Antofagasta Investment Company Limited agrees to acquire shares of Duluth Metals Limited
Monday, 3 Nov 2014 10:08am EST 

Antofagasta PLC:Says Antofagasta Investment Co. Ltd, a wholly-owned subsidiary, has agreed to acquire 5,075,061 common shares of Duluth Metals Ltd on Nov. 10 from Wallbridge Mining Company Ltd.Share purchase agreement may be assigned to an affiliate of Antofagasta.Consideration for each Duluth Share is $0.45.  Full Article

Antofagasta PLC reaffirms FY 2014 production guidance
Wednesday, 29 Oct 2014 03:00am EDT 

Antofagasta PLC:Says it remains on track to meet its FY 2014 guidance of 700,000 tonnes of copper, 270,000 ounces of gold and 7,500 tonnes of molybdenum and net cash costs of $1.45/lb.  Full Article

Antofagasta PLC updates on interim dividend
Thursday, 25 Sep 2014 05:57am EDT 

Antofagasta PLC:Says interim dividend of 11.7 US cents will be payable on Oct. 09.  Full Article

Antofagasta PLC reaffirms FY 2014 production guidance
Tuesday, 26 Aug 2014 02:05am EDT 

Antofagasta PLC:Sees FY 2014 guidance remains unchanged , with production of copper expected to be 700,000 tonnes at a net cash cost of $1.45/lb.  Full Article

Antofagasta PLC declares interim dividend
Tuesday, 26 Aug 2014 02:02am EDT 

Antofagasta PLC:Declared an interim dividend of 11.7 cents per ordinary share for the 2014 half year (2013 half year - 8.9 cents).  Full Article

Antofagasta PLC announces change in role of chairman & appointment of CEO
Wednesday, 20 Aug 2014 02:01am EDT 

Antofagasta PLC:Says the executive chairman of the company, Jean-Paul Luksic, will become non-executive chairman with effect from Sept. 1.In addition the board has appointed Diego Hern├índez, who is currently chief executive officer of the group's mining division, Antofagasta Minerals S.A., as chief executive officer of the company with effect from the same date.  Full Article

Antofagasta PLC reaffirms FY 2014 production guidance
Wednesday, 30 Jul 2014 02:00am EDT 

Antofagasta PLC:Says remains on track to meet its FY 2014 guidance of 700,000 tonnes of copper, 270,000 ounces of gold and 7,500 tonnes of molybdenum.  Full Article

Monax Mining Ltd signs memorandum of understanding (MOU) with Antofagasta PLC for Phar Lap project
Monday, 9 Jun 2014 08:42pm EDT 

Monax Mining Ltd:Signs MOU with wholly owned subsidiary of major Chilean copper producer Antofagasta PLC for Phar Lap Iron-Oxide Copper-Gold (IOCG) Project, located on margin of Mt Woods Inlier in northern South Australia.Under MOU, Antofagasta will fund early stage exploration including access approvals and a detailed infill gravity survey over the two anomalies.Antofagasta may then elect to proceed to a farm-in agreement to earn 70 pct. interest in tenement by funding exploration to a value of $2 mln within three years.  Full Article

BRIEF-Antofagasta acquires Canada's Duluth Metals for about $96 mln

* Announces that its wholly owned subsidiary, Antofagasta, has entered today into a binding letter agreement to acquire all of issued and outstanding common shares of Duluth Metals Limited

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