Democratic Republic of the Congo will likely increase in the Tenke Fungurme projects in the shares, from 17.5 per cent to 45 per cent, which makes people worry that the project went into operation time may be postponed. Assessment of mining contracts Committee recommends that the Government through state-owned miner Gecamines to raise its stake to 45 per cent. At present, the Freeport company has 57.75 percent of the project's shares, the company has 24.75% Lundin. Tenke 09 project commissioned capacity of 110,000 tons / year of copper, about 8,000 tons / year of cobalt. According to Japan Copper and Brass Association, the Japan next year Japan rolling copper products demand is expected to grow by 1.7 percent to 1.02 million tons, based on the automotive industry and the power industry growing steadily. They estimated demand this year will drop 4.2 percent. Copper cable demand is expected to grow 2.1% to 875,000 tons. 08 China coal export quota of 53 million tons for the brass ball valve speculation has not been confirmed by the Chinese Government. State Development and Reform Commission published the first batch of 31.8 million tons of export quotas, the first batch of 07 than 42 million tons of quotas dropped by 24.3 percent. Expected that the quota of 53 million tons equivalent to 07 than 70 million tons of the quota dropped by 24.3 percent. It is worth noting that since 05, the Chinese coal export quota has been significantly lower than the volume (07 to 70 million tons quota, but the actual export 53.1 million tons). India Vedanta Resources Inc. and India signed with the government of West Bengal, the construction cost of 5 billion US dollars of aluminum smelters and 3000 MW power plant memorandum of understanding. Vedanta Resources Inc. of the planned smelter capacity 650,000 tons / year, the company president Anil Agarwal anticipated that the smelter will be built in three years good. Rio Tinto lifted since its Queensland, in Australia Hai Creek coking coal mine cargo force majeure, strong rainfall caused the company to suspend the transport of five weeks. Hail Creek07, produced 4.1 million tons of coking coal. Rio Tinto will not comment on how much damage output. Macquarie Bank will become Rio Tinto and on the brass ball valve acquisition of Rio Tinto will offer care consultant, the acquisition is November 8, 07 raise.
Tags:brass ball valve brass fitting