Chile Antofagasta's CEO sees 2017 capex of $800m

Chile-based Antofagasta will see about $800-million in capital expenditures in 2017, the chief executive of the London-listed copper miner told journalists on the sidelines of a mining conference on Tuesday. Antofagasta CEO Ivan Arriagada added that the company has already achieved about 75% of the $160-million in savings it had planned for this year, adding that the 2017 costs savings target will likely to be in line with this year's target.