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53.56% FCX; 21% SMM Cerro Verde Netherlands B.V.

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condor11   Thursday, 01/28/16 01:20:58 AM
Re: the cork post# 25837
Post # of 38647 
53.56% FCX; 21% SMM Cerro Verde Netherlands B.V. (a subsidiary of Sumitomo Metal Mining Company Ltd.); 19.58% Compañia de Minas Buenaventura S.A.A.; and 5.86%
he project will expand the concentrator facilities from 120,000 metric tons-per-day (mtd) to 360,000 mtd and provide incremental annual production of approximately 600 million pounds of copper and 15 million pounds of molybdenum beginning in 2016.

FCX has lost $ 12 million, for oil AND PROBLEMS IN MALAYSIA, Cerro Verde currently has a production cost of $ 1.45 per pound in April starts the new plant will allow production NDE 600 million pounds of copper, it will double production to 15 million pounds of molybdenum, from that date April this year the cost of production will be the lowest in the world $ 1.10 per pound, the Chilean copper mines are out of competition since Peru has disseminated copper grading two to three times higher than in Chile
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FCX has lost $ 12 million, for oil AND PROBLEMS IN MALAYSIA, Cerro Verde currently has a production cost of $ 1.45 per pound of copper in April starts the new plant will allow production of 600 million pounds copper will double its production to 15 million pounds of molybdenum, from that date April this year the cost of production will be the lowest in the world $ 1.10 per pound, the Chilean copper mines are out of competition since Peru has disseminated copper grading two to three times higher than in Chile, Peru Greetings from Arequipa

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