Copper Production Drops at Anglo American's Collahuasi Mine
2005-04-13 08:04 (New York)
By Simon Casey
April 13 (Bloomberg) -- Copper production at the Collahuasi
mine in Chile owned by Anglo American Plc and Falconbridge Ltd.
has been disrupted by technical problems at a processing mill.
Anglo's spokeswoman in London, Katie Aindow, confirmed in a
telephone call that output at the open-pit mine was disrupted,
without giving any details. Output of copper concentrate, a
powder-like substance sold to smelters, dropped by 35 percent,
Metal Bulletin reported, citing an unidentified mine official.
The mine produces about 400,000 metric tons a year of copper,
according to Anglo's Web site, about 2 percent of global supply.
Problems with an electrical motor shut one of Collahuasi's
three processing mills on March 31, Metal Bulletin said on its
Web site in a report dated yesterday. Repairs will be completed
by about April 22, it said.
Customers have agreed to delay shipments of copper
concentrates from Collahuasi, Metal Bulletin reported. Anglo and
Canada's Falconbridge each have a 44 percent stake in the mine,
and a group led by Mitsui & Co. Ltd. has a 12 percent interest.
Copper for deliver in three months on the London Metal
Exchange declined $27 to $3,240 a ton at 12:48 p.m. local time.
--Editor: Buckley, A. Brown |
