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MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails


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MTECHTIPS:-Copper Output Down 3% In September Quarter


MTECHTIPS:-Copper Output Down 3% In September Quarter

MTECHTIPS-copper production in the third quarter declined by 3% to 120,600 tonnes. The Anglo-Australian giant stated that lower copper head grades at the Rio Tinto Kenneth mine in the US and its You Tolgoi copper-gold operation in Mongolia triggered the drop in output, according to media reports. Rio also trimmed its copper production guidance for the year to between 460,000 and 480,000 tonnes compared to previous estimates of 500-550,000 thousand tonnes in 2017, following the third quarter impact of the delayed ramp-up of the Escondida expansion in Chile and fourth quarter mine sequencing changes at Kenneth in Utah. Mined copper production in nine months ended September 2017 totaled 329500 tonnes, down 15% on year

MTECHTIPS:-Copper Output Down 3% In September Quarter


MTECHTIPS:-Copper Output Down 3% In September Quarter

MTECHTIPS-copper production in the third quarter declined by 3% to 120,600 tonnes. The Anglo-Australian giant stated that lower copper head grades at the Rio Tinto Kenneth mine in the US and its You Tolgoi copper-gold operation in Mongolia triggered the drop in output, according to media reports. Rio also trimmed its copper production guidance for the year to between 460,000 and 480,000 tonnes compared to previous estimates of 500-550,000 thousand tonnes in 2017, following the third quarter impact of the delayed ramp-up of the Escondida expansion in Chile and fourth quarter mine sequencing changes at Kenneth in Utah. Mined copper production in nine months ended September 2017 totaled 329500 tonnes, down 15% on year