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Asia: Mining - Copper Mining
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^ Overview

Asia is a major copper producer globally, producing about 12% of global production, primarily from Russia, China and Kazakhstan. Most of the copper is produced by primary metal mines or as by products. The trend (especially for India and China) is to concentrate on refining and smelting copper concentrates from imports. However, the potential for the development of several base metal projects on the continent seems good.

^ Uzbekistan

Almalyk Mining and Metallurgical Combine (AMMC) is the second largest mining company in Uzbekistan with four mining facilities. AMMC have a copper-gold-molybdenum operation as well as a zinc operation. Late in 1998, a tender was offered for a 46.5% share in the company, a move by the government to privatise the mining industry. However, this process has failed and a new consortium led by Thyssen-Krupp, Gerald Metals of the United States and Boliden Contech of Sweden could tender for Almalyk.

^ China

There is little information on the status of copper production in China, however, the country does seem to have well developed smelting and refining facilities. Most of China’s copper concentrates are imported from Mongolia and Australia. However, an agreement with BHP Billiton has been signed for import of concentrates through BHP B’s mines in Indonesia and Australia. Negotiations are underway with Newmont and Codelco as well. Tongling Nonferrous Metals Co. has received approval for the construction and development of the Donguashan Copper Mine in the Anhui Province.

^ Russia

Russia has about 10% of global copper reserves. More than 50% of the deposits are being exploited or developed and are hosted primarily by sulphide ores. Mines under development have an average grade of over 1.5% copper. Russia is ranked 6th in the world in terms of copper production, with 55% of Russia’s production coming from Norilsk Nickel.

^ India

The present copper ore resources of the country are estimated at 730 million tonnes averaging 1.17% metal content. Out of this 4.30 million tonnes of ore with an average grade of 1.21% copper is under mining lease held by Hindustan Copper Limited.

Hindustan Copper Limited appears to be in financial turmoil and has been reducing production from its domestic mines and beginning to rely more on imported concentrates.

^ Kazakhstan

Kazakhstan is the world’s 11th largest copper producer and has seen some dramatic production increases. All copper mining has been incorporated into KazakMys Inc., a vertically integrated mining and beneficiation company. Samsung holds the majority shares in the company with 44% and the government 38%. Kazakstans’s 2nd largest copper producer has also been acquired by Samsung, confirming the dedication of Samsung to Kazakhstan's copper industry.

KazakhMys Inc. will also begin development of two deposits in East Kazakhstan during 2000. The development of these projects would require help from the government as well as the company. In 2000, it produced 395 000 t of refined copper.

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Information Source: MBendi - Modified: 13.Jun.2002
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