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Gold/Mining/Energy : Copper - analysis

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From: LoneClone	4/13/2007 9:46:08 AM
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Xstrata declares force majeure on two copper shipments business.scotsman.com LONDON (Reuters) - Xstrata said two shipments of copper from its the Bajo de la Alumbrera mine in Argentina will be delayed until May after flooding, an Xstrata spokeswoman told Reuters on Friday. "There has been some flooding in that region, which has damaged the railway line," she said, adding the firm had declared force majeure by notifying customers on Wednesday. "The rain hasn't affected the production in Alumbrera in any way but obviously we are now looking at different transport arrangements to get our product to the port," she added. The tonnage affected was not specified. Alumbrera has production capacity of 190,000 tonnes per year of copper concentrate and 550,000 ounces of gold. (c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. This article: business.scotsman.com Last updated: 13-Apr-07 14:18 BST

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