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Gold/Mining/Energy : Copper - analysis

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To: LoneClone who wrote (1644)	3/16/2007 9:13:54 AM
From: LoneClone	of 2131

Congo-Kinshasa: Three border posts closed Source: The Times of Zambia metalsplace.com Authorities in the Democratic Republic Congo (DRC) have closed three major border posts with Zambia, leaving 400 trucks laden with copper and cobalt concentrates marooned in that country. Copperbelt Permanent Secretary, Jennifer Musonda, confirmed the development in an interview in Ndola yesterday. Ms Musonda said her office only received information about the closure on Wednesday. She said the borders had been closed since Saturday last week. "We can confirm that the borders have been closed but we have not been written to. We only received the information yesterday and we are surprised," she said. The Government was yet to get a response from the DRC government as to why the borders were closed. Ms Musonda said the borders on the Zambian side were still open. The majority of the trucks marooned were carrying copper concentrates for processing in Zambia. The border points at Kasumbalesa, Lonshi and Sakania were closed from March 3. Sources yesterday disclosed that the closure of the borders had greatly affected First Quantum Mining (FQM) operations at Lonshi. South Africa's Metorex, said operations at its mine in the Ruashi township outside Lubumbashi were also being affected. The company processes around 200 tonnes of ore a day at the site.

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