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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (155)	7/11/2000 5:04:57 PM
From: Stephen O	Respond to of 2131

(MB) - Collahuasi reschedules 35,000 tonnes concs shipment 7/7/0 17:2 (New York) July 7 (Metal Bulletin) - Chilean miner Collahuasi has rescheduled shipments of 35,000 tonnes of copper concentrates destined for Asia following the grounding of a vessel which was booked to ship the material out at the end of June. "We have been experiencing terribly bad weather, and ports in southern Chile, including Valparaiso, were closed for over a week. Before unloading its cargo of coal, the vessel ran aground while it was waiting to enter the port," a Collahuasi spokesman said. "The shipments, which are going to Korea and Japan, have been scheduled in two different vessels. Around 20,000 tonnes is being loaded now and the second vessel will contain 15,000 tonnes and will arrive early next week." He said that the shipments would be delayed by 10-15 days which he said is normal in this type of business, but that the shipments were part of long-term contracts. Collahuasi said it is not selling any spot at the moment as it has no concs available. Collahuasi is owned by Falconbridge, which has a 44% stake, Anglo American, also with a 44% stake, and a Japanese consortium which holds 12%. Codelco has also been affected by bad weather and currently has no concentrates available for spot sales after production at its Teniente and Andina divisions was interrupted. The bad weather caused production losses of around 10,000 tonnes of concentrates or around one cargo, an industry source said, which means the company currently has no concentrates available for spot deliveries for the next couple of months. Codelco is not alone in this predicament however, Escondida also said it has had no spot material available for months and Los Pelambres is reported to have been adding additional concs production to existing contracts. A Chilean miner said: I think it would be true to say that Chilean producers are out of the spot market." Metal Bulletin newsroom, London Tel +44 207 827 9977 Fax +44 207 928 6892 New York Tel +1 212 213 6202 Fax +1 212 213 6273 -0- (BN ) Jul/07/2000 21:02 GMT What's really interesting about this article is that there are no concs available in Chile for spot market

To: Stephen O who wrote (155)	7/11/2000 9:51:12 PM
From: tyc:>	Read Replies (1) \| Respond to of 2131

>>Also today Noranda stock in Canada is up 75c to $15.40 Yes ! All the metals were strong. Noranda was up over 5% on the day and Inco too ! I just searched the days postings. Yours was the only mention of Noranda ! and NO mention of Inco from anyone ! Meanwhile on the Canadian Day-trading thread they are talking about Yahoo ! Your point about the shortage of Chile concentrates on the spot market is very interesting ! There's going to be some interesting days ahead in my opinion,