By Nnamdi Anyadike
A file analyzing the availability and insist outlook for copper throughout its key manufacturers and end-users. It offers an in depth research of most likely progress and insist tendencies within the computing device, shipping, telecommunications and building sectors, contemplating either the possibilities and threats to copper in each one of its key applications.
- A transparent and precise research of the and its significant markets
- A survey of developments in mining, refining, processing, end-use and consumption
- Unique and marketplace forecasts
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Extra resources for Copper. A Material for the New Millennium
Under the revised terms of the agreement for the development of the Kolwezi Tailings Project, a 50%-owned joint venture company, Congo Mineral Developments (CMD), the project operator, will pay the state mining company Gecamines $25 million prior to construction with a further payment of $10 million upon commissioning. This compares with the earlier arrangement under which a total of $130 million was payable in the period between signature and first commercial production. 'The new agreement also gives CMD a realistic time frame to complete the feasibility study and to arrange limited recourse project finance,' said Tim Read, chief executive officer of American Mineral Fields.
Noranda has been looking to increase its copper reserves. The company, through its nickel affiliate Falconbridge, recently bought the Lomas Bayas copper mine and the adjacent Fortuna de Cobre property in Chile from Sweden-based Boliden. The company also has interests in the Collahuasi copper mine and El Morro copper deposit in Chile, and the Antamina copper-zinc project in Peru. Noranda spokesman Dale Coffin said Noranda's interest in El Pachon was sparked by a mining integration treaty between the governments of Argentina and Chile, which makes the project economical.
19 million tonnes in 1995. But the rise in copper concentrate imports is also because it is estimated that the country is only capable of sourcing some 50% of its needs locally, despite the government's aim of reaching 70% sufficiency at some point early in the twenty-first century. Many existing copper reserves in China are becoming exhausted, with an estimated 10 million tonnes of capacity estimated to have disappeared in 2000. The main hope for raising domestic output lies in the development of copper mines in Tibet, where deposits are said to be large and the grades high.