Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (1469)	7/26/2006 9:38:01 AM
From: Stephen O	Read Replies (1) \| Respond to of 2131

The Codelco slide appears a big problem to me. Read this: Copper mining giant Corporacion Nacional del Cobre de Chile is still evaluating the damage a rock slide caused Sunday at its Chuquicamata mine, a company spokesman said Tuesday. While the company initially estimated it would lose 1,000 metric tons of copper in concentrate a day, it still hasn't quantified how much refined copper output will be affected, the spokesman said. The rock slide damaged conveyor belts and interrupted the flow of mined material to the concentrator plant. While a local newspaper reported the repairs to the conveyor belt could take up to a month, Codelco won't confirm or deny that report until it completes its investigation and informs the SVS securities overseer of its findings. The on-site investigation likely will be completed Wednesday, the spokesman said. The copper miner will use security stockpiles at Chuquicamata to feed the concentrator plant and to meet its sales commitments, the company said Monday.