Shares in miner Antofagasta (LON:ANTO) jumped nearly four percent in mid morning trading on Tuesday, after strong copper prices boosted interim sales and profits.

Revenue rose by 41.9 percent to $2bn for the six months June, with pre-tax profit rose hitting £689.1 million, up from £276.5 million last year.

Copper prices increased by 25.3 percent and sales volumes rose by 14.3 percent over the period, propping up the miner’s figures.

Antofagasta’s CEO Iván Arriagada said of the results: “The Company is well positioned for future growth, generating strong cash flows and improving returns against a background of a recovery in copper demand.

“The outlook for Antofagasta is positive – we have the assets, capabilities and strategy to continue to create long-term value for all of our stakeholders.”