ANTOFAGASTA PLC (ANFGF $18.80, RATING RAISED TO OVERWEIGHT FROM NEUTRAL, Price Target Remains at $24/share) INVESTMENT RATING RAISED AND RESTORED DUE TO RECENT COPPER INVENTORY DECLINES AND TIGHTENING; FIRST QUARTER PRODUCTION RESULTS INCORPORATED INTO MODELS 5/7/2012

ANTOFAGASTA PLC (ANFGF $18.80, RATING RAISED TO OVERWEIGHT
FROM NEUTRAL, Price Target Remains at $24/share) INVESTMENT RATING
RAISED AND RESTORED DUE TO RECENT COPPER INVENTORY
DECLINES AND TIGHTENING; FIRST QUARTER PRODUCTION RESULTS
INCORPORATED INTO MODELS 5/7/2012