![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis7LiTfveuR0ZjTKGPtCxQkKAmwmyKxbdYMFbZiH2qdmk_KBa4n1ybLzolxd1G2328ZFsaCJPI_pLM-QIQghVKQeJCy9u2idTwVZS6CiaODQR2ZPlagFi27wwKSrVveEKUjq_9/s320/tenke+fungurume+deposit.jpg)
Phoenix-based Freeport McMoRan Copper & Gold has started producing copper cathode at the huge Tenke Fungurume copper-cobalt mine [right, credit Freeport McMoRan], in the Democratic Republic of the Congo, according to a report on Mineweb.com today.
The initial production target is 115,000 tonnes of copper and 8,000 tonnes of co
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXN1OGvdZ4wGzIhfLt07ZTGnqWixz0s59HxGekCopDFROp4LHJrz6TtssP9UGnzjs_uM_jMdgMG2udr7___P7jHUtbblmx_O4K-1i_K5gSg67s-YFTcevc62HaNj8xGAR4FPKz/s320/tenke+fungurume+orebody.jpg)
Mineweb says Freeports cash costs of producing the copper are $0.90 per pound, about half the current world spot price. The mine's rich grades of 2.3% copper and 0.3% cobalt help keep costs down.
No comments:
Post a Comment