Antofagasta plc
Encyclopedia
Antofagasta plc is a Chilean business that operates in various sectors of the economy. It is one of the most important conglomerates of Chile
with equity participation in Antofagasta Minerals, the railroad
from Antofagasta
to Bolivia
, Aguas Antofagasta in Chile
, Tethian in Australia and other investments in different parts from the world. It is listed on the London Stock Exchange
and is a constituent of the FTSE 100 Index
.
, a business that was incorporated and listed on the London Stock Exchange
in 1888 with the objective of operating a railway between Antofagasta
, a port on the north pacific coast of Chile, and La Paz
, the capital City of Bolivia
.
In 1980, a majority the shares was acquired by the Grupo Luksic
and the two businesses were subsequently integrated under the name Antofagasta Holdings.
During the 1980s, Antofagasta Holdings diversified into other areas such as mining in Michilla, in which it invested in 1983, and mining in the Pelambres, in which it invested in 1986, in addition to telecommunications.
In 1996, Antofagasta Holdings transferred its banking activities and its industrial interests to Quiñenco S.A., another diversified Chilean company also controlled by the Luksic family. This transfer allowed Antofagasta Holdings to concentrate on the development of the Pelambres and the Tesoro mines and establish itself as a low cost copper producer. The shortened name, Antofagasta, was adopted in 1999.
where it now operates three copper mines: Pelambres, Tesoro and Michilla.
Antofagasta Minerals, is also active in mineral exploration in Chile
and Peru
. In addition, the group runs an extensive railway network in north of Chile
, centered in the port of Antofagasta
. It also operates a concession for the distribution of the water in this region.
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
with equity participation in Antofagasta Minerals, the railroad
Ferrocarril de Antofagasta a Bolivia
The Ferrocarril de Antofagasta a Bolivia is a private railway operating in the northern provinces of Chile. It is notable in that it was one of the earliest railways built to the gauge of , with a route that climbed from sea level to over , while handling goods traffic totaling near 2 million tons...
from Antofagasta
Antofagasta
Antofagasta is a port city in northern Chile, about north of Santiago. It is the capital of Antofagasta Province and Antofagasta Region. According to the 2002 census, the city has a population of 296,905...
to Bolivia
Bolivia
Bolivia officially known as Plurinational State of Bolivia , is a landlocked country in central South America. It is the poorest country in South America...
, Aguas Antofagasta in Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
, Tethian in Australia and other investments in different parts from the world. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
The Group began life as Ferrocarril de Antofagasta a BoliviaFerrocarril de Antofagasta a Bolivia
The Ferrocarril de Antofagasta a Bolivia is a private railway operating in the northern provinces of Chile. It is notable in that it was one of the earliest railways built to the gauge of , with a route that climbed from sea level to over , while handling goods traffic totaling near 2 million tons...
, a business that was incorporated and listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1888 with the objective of operating a railway between Antofagasta
Antofagasta
Antofagasta is a port city in northern Chile, about north of Santiago. It is the capital of Antofagasta Province and Antofagasta Region. According to the 2002 census, the city has a population of 296,905...
, a port on the north pacific coast of Chile, and La Paz
La Paz
Nuestra Señora de La Paz is the administrative capital of Bolivia, as well as the departmental capital of the La Paz Department, and the second largest city in the country after Santa Cruz de la Sierra...
, the capital City of Bolivia
Bolivia
Bolivia officially known as Plurinational State of Bolivia , is a landlocked country in central South America. It is the poorest country in South America...
.
In 1980, a majority the shares was acquired by the Grupo Luksic
Andrónico Luksic
Antonio Andrónico Luksic Abaroa was a Chilean businessman of Croatian origin and founder of the Luksic Group...
and the two businesses were subsequently integrated under the name Antofagasta Holdings.
During the 1980s, Antofagasta Holdings diversified into other areas such as mining in Michilla, in which it invested in 1983, and mining in the Pelambres, in which it invested in 1986, in addition to telecommunications.
In 1996, Antofagasta Holdings transferred its banking activities and its industrial interests to Quiñenco S.A., another diversified Chilean company also controlled by the Luksic family. This transfer allowed Antofagasta Holdings to concentrate on the development of the Pelambres and the Tesoro mines and establish itself as a low cost copper producer. The shortened name, Antofagasta, was adopted in 1999.
Operations
Today, Antofagasta is one of the major international copper producers with its activities concentrated mainly in ChileChile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
where it now operates three copper mines: Pelambres, Tesoro and Michilla.
Antofagasta Minerals, is also active in mineral exploration in Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
and Peru
Peru
Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....
. In addition, the group runs an extensive railway network in north of Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
, centered in the port of Antofagasta
Antofagasta
Antofagasta is a port city in northern Chile, about north of Santiago. It is the capital of Antofagasta Province and Antofagasta Region. According to the 2002 census, the city has a population of 296,905...
. It also operates a concession for the distribution of the water in this region.