Construction should start on its delayed $1.3 billion expansion project at the Toromocho copper mine in southern Peru in the next 30 days.

The Gundlach ratio, which measures the relationship between copper and gold, is trading near the lowest levels since the start of 2021.

Shares of the company rose about 2% at the close in Mumbai on Monday before the dividend was announced.

Union members had rejected a previous proposal from Antofagasta in mid-May.

The first gathering of the Asian metals community since the pandemic should have been a celebration, but the resurgence never came.

Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal.

While geopolitical risk in South America is growing, Ecuador, Colombia and Peru remain mineral-rich hot spots with excellent potential for new discoveries.