Tag: Nippon Mining Holdings
Sumitomo Metal Mining May Keep 10 percent Copper Output Cut
Mar/05/2010 | Under : Companies, Copper Mine, Metals & Mineral, Mineral Exploration
Sumitomo Metal Mining Co., Japan’s second-biggest copper producer, may maintain a production cut of 10 percent in the year from April 1 because of lower processing fees, a spokesman said.
“We are considering keeping the output cut because of worsening terms of processing fees” to turn raw material, so- called concentrate, into refined copper, Naonobu Hayakawa, a spokesman for Sumitomo Metal Mining Co., said today by phone. “We will announce our formal production plan on April 1.”
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