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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (38440)	6/11/2009 7:19:43 PM
From: LoneClone	Read Replies (1) \| Respond to of 195027

Collahuasi sees copper output at 1 mln tns by 2015 Thu Jun 11, 2009 6:51pm EDT reuters.com SANTIAGO, June 11 (Reuters) - Chile's Collahuasi copper mine, owned by global miners Xstrata Copper (XTA.L) and Anglo American (AAL.L), said on Thursday its annual output should reach 1 million tonnes of copper by 2015. The deposit in far northern Chile produced more than 400,000 tonnes of copper last year, and is in the process of ramping up its concentrator capacity from 150,000 tonnes a day at present to 170,000 tonnes and then ultimately to 260,000 tonnes a day. "We are still at the conceptual stages, so we can't give a concrete date, but 2015 could be reasonable," said Miguel Angel Duran, CEO of the local unit of Anglo American Plc, referring to the 1 million tonnes output target. Anglo American and Xstrata Copper each hold 44 percent stakes in Collahuasi, with the 12 percent balance held by a consortium of Japanese companies led by Mitsui & Co Ltd. (Reporting by Manuel Farias; Editing by Christian Wiessner)