Freeport McMoRan Copper & Gold Inc Will Add Up To 250 As It Resumes Miami Mining
October 25th, 2009 | File Under : Companies - Copper - Mineral Exploration
Freeport McMoRan Copper & Gold Inc. will add up to 250 jobs over the next year as it resumes copper mining at Miami, the company said Tuesday.
The Phoenix-based mining giant said it has already started moving mining equipment to the Miami mine and will begin hiring this quarter.
Brazilian mining company, Vale Group is conducting a feasibility study for investing in the Moatize coal mines in Mozambique. The agreement between the governments of Mozambique and the Vale Group, in addition to investing in coal mines, Vale Group is also investing in copper mines in the North Konkola, Zambia.
A mining expert has warned that Zambia will lose a lot of revenue when copper prices on the international market hit above the US $7,500 per metric tonne mark due to an anticipated copper shortage likely to occur between 2010 and 2012.
The global economic crisis has made improving the mining sector in Congo region is slow, even some mining companies to stop the exploration activities. The increase in metal prices pushed mining companies to reactivate exploration and production activities of mining. The government hopes Congo copper and cobalt sector can increase production. Recovery of copper and cobalt production