Owenb79 provided following information via Reuters posted on another mining site:
Xstrata will boost copper production in Australia by 140000 tonnes..the tonnage will come from Xstratas Mt Margaret mine and will be processed for export at Xstratas Ernest Henry Mine. Xstrata in 2009 allocated $589M to upgrade Ernest Henry copper mining project extending the life of the operartion until 2024.
In addition to the above info the ANZ Bank expects a global deficit of 63000 tonnes of copper in 2012.
Makes you want to join the dots to speculate on a potential buyer for MEP copper at Cormorant doesn't it?
kippax
MEP Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
