Luksic family Mine reports 3.8% drop in earnings for 2007

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LONDON.-  The Chilean mine owned by the Luksic Antofogasta PLC group announced today that its annual pre-tax earnings have fallen by 3.8% (a figure slightly below market estimates) and indicated that costs are expected to increase this year. 

Antofogasta PLC (traded on the London Stock Exchange) reported that its output has fallen from $2.86 billion USD registered in 2006, to 2.75 billion USD for 2007.

According to a survey performed by Reuters Estimates, 12 analysts had been expecting the mine to report average profits of about $2.79 billion USD, in a range of $2.5 billion USD to $3.02 billion USD.