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December 25, 2012

Zambia’s 2010 Copper Output To Hit 720,000 Tons – Finance Minister

Filed under: Uncategorized — sbmzhcn @ 12:35 pm

Zambia’s 2010 ore crusher oregon goldcopper output is expected to reach 720,000 metric tons, the highest levels since the 1970s, as companies continue to ramp up production following the recovery of global metal prices, Zambia’s Finance and Planning minister said Friday.

In a budget speech, Situmbeko Musokotwane said that global copper prices have averaged $7,202 a ton in the nine months to September, helping copper mining companies in Zambia to sustain higher output. “Copper production in 2010 will exceed 720,000 tons, a level last seen in 1973. This places us within reach of our medium term target of one million tons per annum,” he said, adding that the outlook for copper prices continues to be bright for the remainder of the year as well as for 2011. According to Musokotwane, copper export earnings were poised to reach around $4,612 million in 2010 compared with $3,179 million last year.

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