SQUIDOO Black Hawk Mines Bulletin
http://blackhawk-mining.com/ http://promotion.blackhawk-mining.com/
Black Hawk Mines Bulletin | Preservation and promotion of mining ghost towns.
BLACKHAWK MINES: COPPER DEMAND EXPECTED TO RISE
Posted on May 2, 2012 by blackhawkmines
Rate this
Two of the biggest mining firms in the world, Rio Tinto PLC and BHP Billiton Ltd are teaming up to invest over USD 4 billion to boost their copper output, according to their announcement on Tuesday.
Rio and BHP have staked their investment on a high copper demand worldwide as they approve plans for USD 4.5 billion expansion of their Escondida mine in Chile. BHP is even reopening their copper mine that has been out of commission since 2009 due to the global fiscal crisis.
The mining site that will produce molybdenum concentrate and copper is expected to have a yearly production of around 60,000 tonnes. Moreover, BHP expects that this resumption of operations will provide for 650 new jobs.
Majority of the money is set to be invested in the Escondida operation located in the southeastern part of Antofagasta, Chile. In addition to this, BHP is also planning to resume its operations at the Pinto Valley in Arizona before the year ends.
The recovery in ore grades combined with current work at Escondida should aid them in their target production of over 1.3 million metric tonnes by 2015. This is exclusive of the 60,000 tonnes of copper concentrate that the Pinto Valley is capable of producing yearly, according to BHP.
Last year, operations at Escondida was distracted by labor strikes and lower grade ores but Rio and BHP announced that output is anticipated to increase from 2013 due to the higher grade ore in the main pit.
Escondida is a joint venture between Rio and BHP with a total stake of over 87%. Almost 8% of the total world production comes from it.
Production of copper has been steadily decreasing worldwide for the past few years, triggering an aggressive pursuance for a big copper prospect like the Oyu Tolgoi in Mongolia and the Olympic Dam in South Australia.
BHP is planning to release USD 2.6 billion on 2 projects to increase their mining output while Rio (with their USD 1.4 billion stake) and Japanese consortium JECO's respective stakes are going to take care of the rest.
Companies in the mining industry are aggressively investing in minerals and key metals as they maintain an optimistic view that demand from China and other developing countries will continue to grow. In order to improve their overall output by 80%, the biggest copper mine is showing optimism regarding the long-term demand for metals.
Last year, the mine's produce amounted to more than 700,000 tonnes of copper.
Posted on May 2, 2012 by blackhawkmines
Rate this
Two of the biggest mining firms in the world, Rio Tinto PLC and BHP Billiton Ltd are teaming up to invest over USD 4 billion to boost their copper output, according to their announcement on Tuesday.
Rio and BHP have staked their investment on a high copper demand worldwide as they approve plans for USD 4.5 billion expansion of their Escondida mine in Chile. BHP is even reopening their copper mine that has been out of commission since 2009 due to the global fiscal crisis.
The mining site that will produce molybdenum concentrate and copper is expected to have a yearly production of around 60,000 tonnes. Moreover, BHP expects that this resumption of operations will provide for 650 new jobs.
Majority of the money is set to be invested in the Escondida operation located in the southeastern part of Antofagasta, Chile. In addition to this, BHP is also planning to resume its operations at the Pinto Valley in Arizona before the year ends.
The recovery in ore grades combined with current work at Escondida should aid them in their target production of over 1.3 million metric tonnes by 2015. This is exclusive of the 60,000 tonnes of copper concentrate that the Pinto Valley is capable of producing yearly, according to BHP.
Last year, operations at Escondida was distracted by labor strikes and lower grade ores but Rio and BHP announced that output is anticipated to increase from 2013 due to the higher grade ore in the main pit.
Escondida is a joint venture between Rio and BHP with a total stake of over 87%. Almost 8% of the total world production comes from it.
Production of copper has been steadily decreasing worldwide for the past few years, triggering an aggressive pursuance for a big copper prospect like the Oyu Tolgoi in Mongolia and the Olympic Dam in South Australia.
BHP is planning to release USD 2.6 billion on 2 projects to increase their mining output while Rio (with their USD 1.4 billion stake) and Japanese consortium JECO's respective stakes are going to take care of the rest.
Companies in the mining industry are aggressively investing in minerals and key metals as they maintain an optimistic view that demand from China and other developing countries will continue to grow. In order to improve their overall output by 80%, the biggest copper mine is showing optimism regarding the long-term demand for metals.
Last year, the mine's produce amounted to more than 700,000 tonnes of copper.
Privacy Policy
This Privacy Policy is applicable to Black Hawk Mines Bulletin. It explains how Black Hawk Mines Bulletin collect information from users of this Blog and how we use such information. Your use of the Blog constitutes your acceptance of this Privacy Policy.When you visit this Blog, we may collect certain data that does not tell us specifically who you are. This is "Non-Personally Identifiable Information." It includes things like your Internet Protocol (IP) address, browser type, and the last domain you visited before coming to our Blog or the domain you go to when you leave. It also includes various statistical data such as which pages you visit on our Blog, how long you stay on them, and what you click.
We may place a "cookie" on your computer. A cookie is a small amount of data, which often includes an anonymous unique identifier, sent to your browser from a website's computers and stored on your computer's hard drive. Our "preference" cookie expires after thirty (30) days. We may use cookies to keep track of your choice of language and home page preference; to understand your exposure to certain Internet advertisements as you use the Blog, and to gather usage data that will help us generally improve the quality of the Blog. There is a simple procedure in most browsers that allows you to deny or accept cookies. You should note that cookies may be necessary to provide you with certain features on the the Blog.
No Personally Identifiable Information is collected through our cookies or Web beacons. However we may, from time to time, allow advertisers, third-party advertising networks, and third-party advertising serving companies to serve advertisements directly to you within our Websites, Services, and Software. By serving these advertisements directly to you, these companies can set their own cookies on your computer, which may not expire, and trigger their own Web beacons. If you would like to contact the advertisers, third-party advertising networks, and third-party advertising serving companies with which we have relationships to learn more about their privacy policies and what options (if any) they offer to opt out of their data collection, please visit their web sites.
We also may collect information that can be used to identify you ("Personally Identifiable Information"). We only collect Personally Identifiable Information when you specifically provide it to us. For example, in connection with your use of certain features of the Websites you may be asked to create a user account and provide certain information including your name, email addresses, address, and telephone number.
Black Hawk Mines Bulletin cannot ensure or warrant the security or privacy of any information you transmit to us. We attempt to follow policies and procedures that will protect against unauthorized access to your Personally Identifiable Information. But we can make no guarantees or promises in this regard, and you provide information to us at your own risk.
We may store the Personally Identifiable Information we hold about you indefinitely. We may store this information in the United States or we may transfer it to any other country. The data protection laws of the countries where we store your personal data may or may not provide a level of protection equivalent to the laws in your home country. Wherever we hold the data, we will apply the terms of this Privacy Policy.
We reserve the right to change this Privacy Policy at any time. Black Hawk Mines Bulletin does not undertake to provide you with personal notice of any changes. In the event of material changes, we will provide notice by means that are reasonable under the circumstances, such as by posting a notice on the Blog. Your continued use of it following the posting of changes to this Privacy Policy means you accept those changes.
You've added this content to your favorites.
Post your comment
Load More
