NON-FERROUS METALS IN TASMANIA
March 1st, 2005
BY MATTHEW BRACE*CopperCopper dropped in production between 2003-04 and the previous year. However, the Mt Lyell Copper Mine in Queenstown has deemed copper priced sufficiently to continue its development of a decline to the next production level. Copper prices made significant gains throughout 2003-4, notably in the second half of the financial year and reached the A$4,000 (UK Pounds 1,600) mark by June, a price not achieved since 1995.During 2003-04 the Prince Lyell mine produced 2.5 million tonnes (mt) at 1.22% copper (and 0.3g/t gold). Total mineral resources ...
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