Antofagasta Minerals, Escondida and Zaldivar are the mining companies more profitably in 2012
They are followed in fourth place by Codelco. The ones with lower profitability are Cerro Colorado, Quebrada Blanca and Lomas Bayas
The generality of mining companies during last year suffered a significant drop of 46% average in the levels of return on capital. Thus, in the context of major setbacks, Antofagasta Minerals reached the highest level of profitability with 49%, corresponding to the ratio of utility and equity, followed by Minera Escondida and Zaldivar, both with a yield of 39%. The Luksic Group’s mining held the top spot of return on equity achieved in 2011, a year in which it won by 69%. In the second and third place there was a change of positions, because while Zaldivar, belonging to the Canadian Banick, slipped from second to third place, Minera Escondda, controlled by BHP Billiton, seconded Antofagasta Minerals in 2012.
In the fourth place is Codelco under a low profitability based on net income and effective exercise. The company with its low of 6% was the least negative profitability varied between copper producing companies and last year reached a yield of 32%. According to the Mining Financial Report prepared by Cesco, although the mining scored low in profits, “the operation in which Codelco bought the site Los Bronces generated a 145% increase in equity.”
The counterpart was presented by Cerro Colorado from BHP Billiton, operation that reached the lowest level of return on capital in 2012 with -0.01% and a decrease of 107% compared to 2011. Also on the bottom of the list were Quebrada Blanca from the Canadian Teck, with 0.05% and Lomas Bayas from Glencore Xstrata, with 0.08%.
Source: Estrategia
