SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Copper - analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Stephen O8/14/2007 11:53:08 AM
   of 2131
 
Salvagers Plan to Refloat Copper Ship That Grounded Off Chile
2007-08-14 07:54 (New York)

By Alaric Nightingale
Aug. 14 (Bloomberg) -- Salvagers are preparing an attempt
to refloat a ship that ran aground off the coast of Chile with
50,000 tons of copper concentrate on board.
Five Oceans Salvage Consultants Ltd., the company handling
the operation, will make ``efforts'' today and tomorrow to
refloat the 52,347-ton Ocean Crown, operations manager Kyriakos
Mitsotakis said by telephone today from Athens.
The Ocean Crown ran aground in the Darwin Strait Aug. 7 as
it was sailing for the port of Dahej in India, Mitsotakis said
yesterday. The incident has exacerbated a global shortage of
concentrate, the raw material that is smelted into copper metal.
``We will have a better picture of how the ship looks''
once attempts have been made to refloat it, Mitsotakis said.

--Editor: Carrigan (sjc).
If this ship sinks that's 25,000 tonnes of copper metal, 1/4 of LME warehouse stocks
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News