Reuters reported today that Freeport McMoRan Copper & Gold Inc and Indonesia's Aneka Tambang may not be ready with a joint copper smelter venture before Indonesia bans concentrate exports in 2017. This could cause dramatically reduced copper output in the future, as PT Smelting, currently the only copper smelter in Indonesia, is only capable of processing 20% of the national output of concentrate.
Articles Tagged "copper mines"
Reuters reported that Rio Tinto is looking for final bids to take its majority stake in the Northparkes copper mine in Australia.
Copper Mountain Mining Corporation (TSX:CUM) announced that the damaged SAG mill transformer has been replaced late Friday and the mill resumed operation shortly afterwards.
Copper prices are up on the London exchange supported by a weak dollar and better-than-expected economic data from Japan.
Platts reported that Orvana Resources has received the final approval to move ahead with construction at its proposed Copperweld mine in Michigan.
Freeport has no Plans to Build Indonesian Copper Smelters, Despite Pressure from Government
Bloomberg reported that DRC state-owned Gecamines is seeking out $1 billion to build a copper plant.
Reuters reported that Southern Copper workers in Peru are considering striking after January 15 if a deal is not reached.
Candente Copper Corp. (TSX:DNT) announced that exploration and feasibility drilling has started at the Cañariaco property.
The Financial Post reported that, according to a new report from Scotiabank, production delays in Peru and in China will push prices up through 2013.