SRHI Inc (Three Valley Copper) Confirms Commitment to MTV, globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Peel Hunt upgraded its recommendation from ‘Reduce’ to ‘Hold’
Shares in Antofagasta PLC (LON:ANTO) have dropped more than 20% from their peak this month making the Chilean copper producer look fair value, said Peel Hunt analyst John Gilbert.
“Rising political pressure in Chile to review and reset mining taxation rates has seen ANTO’s share price sell off sharply through May,” he said.
Peel Hunt reduced its target multiple to account for the increased political uncertainty, and found the shares look fair value on its revised 1,520p target price, down from 1,615p, and so upgraded its recommendation from ‘Reduce’ to ‘Hold’.
The Heiresses of Antonio Nuñez Jimenez, or the Glamorous Side of Castroism
Who are the women owners of various luxury mansions in the island, among them one that belonged to Chilean Max Marambio, a member of Cuba’s secret service, head of security for Salvador Allende, the businessman expelled from Cuba in 2010 by the man who was his best friend, none other than Fidel Castro?
LA HABANA, Cuba. – In addition to the residence of Vilma Rodríguez Castro, Raul Castro’s granddaughter, there is one additional, super luxurious Airbnb listing in Havana, which, in the opinion of former renters and guests at both mansions, possibly offers higher comfort than the one rated number one and going for over US$ 650 per night.
RIO DE JANEIRO, BRAZIL – (REUTERS) Chile’s state-run Codelco, the world’s largest copper producer, said in a letter to lawmakers this week that as much as 40% of its copper output is at risk if a bill that limits mine operations near glaciers advances, according to a report in local daily El Mercurio.
The letter, sent by Codelco to the Chilean Senate’s Mining and Energy Committee, notes that three of its major mine operations – Andina, El Teniente and Salvador – would be impacted by the “absolute prohibitions” currently under consideration in the bill.
“The new protections proposed in the project would overlap with current and future activities in Andina, El Teniente and Salvador,” Codelco executives warned in the letter to lawmakers, according to the El Mercurio report.