Antofagasta looking beyond Chile for copper opportunities

Antofagasta sees “good opportunities” to expand outside of Chile as the hunt for new copper deposits heats up along with global demand for the wiring metal crucial to the transition away from fossil fuels.

While the London-listed firm remains squarely focused on developing existing assets, it has small teams in Canada, the US and Peru looking at early-stage opportunities, CEO Ivan Arriagada said in an interview Wednesday in Santiago. Options include associations with junior companies and acquiring land rights.