Copper cathode production of National Iranian Copper Industries Company (NICICO) reached 247,000 tons during last Iranian year (ended March 20,2019), indicating a 15 percent growth compared with the corresponding period of the previous year.
During the period under review, National Iranian Copper Industries Company’s Copper anode production stood at 313,000 tons, increased 21% YOY.
Meanwhile, during the last Iranian year, NICICO extracted 189,866,000 tons of Copper ore indicating 9% growth compared with the plan.
Likewise, NICICO extracted 53 million tons of sulfur ore during the mentioned period, registering a 5 percent rise compared with the plan.
Ongoing anti-mining protests in Peru, triggered by the recent approval of a now halted construction permit for Southern Copper’s (NYSE:SCCO) $1.4 billion Tia Maria project in Arequipa, have extended to Anglo American and Mitsubishi’s $5 billion Quellaveco project, in the neighbouring region of Moquegua.
With environmental regulations becoming increasingly stringent, arsenic looks set to pile ever more pressure on copper producers.
Machines are taking over a giant Chilean copper mine, replacing about a third of the workforce as owner Codelco struggles to keep its title as the world’s largest producer of the metal.
Rio Tinto on Friday said it had moved a step closer to the development of a new copper project in Arizona, one of the few known major deposits of the metal, with the potential to meet around a quarter of U.S. demand.
Chile’s Codelco, the world’s largest copper producer, has signed a 10-year loan agreement with Export Development Canada, the country’s export credit agency, which will allow the state-owned miner to access $300 million to finance an ambitious overhaul of its aging mines.
New copper wire chopping capacity that came on line in the US over the last two years sought to convert an abundance of insulated wire into exportable, higher-quality grades in response to tougher scrap import standards from key consumer China.