Lepanto expects annual copper output to hit 7,000 tons
http://business.inq7.net/money/breakingnews/view_article.php?article_id=10450
Xinhua Financial News Service
07/18/2006
LEPANTO Consolidated Mining Co., which will resume production of copper by September, says it expects to produce 7,000 tons of copper concentrate every year.
Its output of gold this year is expected to reach 65,000 ounces, compared to last year’s 55,749 ounces, the company said.
It envisions Chinese smelters and Philippine Associated Smelting & Refining Corp. as possible buyers of its copper.
“[Annual output] will increase as we access the higher-graded copper areas,” a Lepanto statement to the stock exchange says.
Lepanto halted its copper mining operations in Mankayan in the northern province of Benguet in 1997 because of falling copper prices.
