You are using an old browser. To view this site correctly upgrade your browser.
Registration Enter

Years cooperation

HP0-S42  , CISSP  , CRISC   MB6-703   CCA-500  , 220-901   PR000041   300-208   LX0-103   9A0-385   100-105  , 220-901   NSE4   MB2-704   500-260   101-400   1z0-808  , 70-461   c2010-652  , CAP   70-246   1Z0-144   SY0-401  , 300-206   220-902   000-105   70-347  , CAP   100-105  , CCA-500   350-050   300-101   220-802   101-400   PR000041   SY0-401   350-060   LX0-103   100-105  , 400-051   100-105  , 100-105  , 300-075   SY0-401  , 102-400   70-980   100-101  , CISM   300-206  , 200-310   300-208  , HP0-S42  , 200-125  , 350-029   352-001   350-050   1Z0-803   100-105  , 70-488   210-060   350-018   C_TFIN52_66  , AWS-SYSOPS   NS0-157   1V0-601   70-480   JK0-022   2V0-621D   2V0-621D   MB5-705  , 400-101  , 300-135   EX200   CRISC  , 70-463   ADM-201   102-400   350-030  , CRISC   1V0-601  

Please enter your username or email address.
You will receive a link to create a new password via email.



Online edition, informs that the international price of copper in this year is likely to remain high despite exposure to market volatility. It was announced by Chief Financial Officer of the National Copper Corporation Codelco, Thomas Keller, writes Dow Jones News.
We are optimistic about the long-term prospects for copper prices, “- he said, adding that the copper market instability is mostly influenced by events in Europe. Let us remember in the last days the price of copper fell to a four-month minimum, however, have not crossed the mark of $ 3.50 per one pound ($ 7,717 per 1 t). This fall Keller also refers to the expected destabilization, reports IMS “Metal Supply and Sales”.

Keller has confirmed company’s announcement that the copper market fundamentals remain stable besides demand for the metal so far outruns supply.
As for Codelco production volume of this year, Keller repeated the prediction of the Executive Director of the company Diego Hernandez who assumed that Codelco up to 2012 is likely to reduce the volume of production in comparison with the previous year by 2% to 1.7 million tonnes. Let us remember in 2011, the company exceeded its plan in production of copper and produced 1,735,000 million tons.
Meanwhile, it is Hernandes who at present has been taking part in an international conference in Miami which was also expected to meet the Executive Director of Anglo American, Cynthia Carroll.
As it was mentioned Anglo American and Codelco now has been litigating a controversy on what part of the copper mining complex of Anglo American in Chile Codelco can buy. In particular, Anglo American confirms that Codelco has the right to buy only 24.5% of the share fraction of the complex considering the fact that the same share has bought Japanese Mitsubishi before.
Meanwhile Codelco claims to 49% of the complex. To pay for the package the company signed a deal of $ 6.75 billion with Mitsui.
The largest copper assets Anglo American is composed of copper mines Los Bronces and El Soldado, Chagres plant and two recently discovered copper mines – Los Bronces Sur and Los Sufaltos. While Los Bronces, bordering on one of the units of Codelco has received $ 2.8 billion for the development of the mine.

Leave a Reply