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Article: Japan: BHP Japanese Smelters Set Lower Mid-Year Copper Fees.
- Article from:
- TendersInfo
- Article date:
- July 24, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
Japanese copper smelters and BHP Billiton Ltd., the world s biggest mining company, settled mid- year processing fees at a 33 percent discount compared with contracts started six months earlier, an industry group said.
The smelters agreed to fees of $50 a metric ton for smelting and 5 cents a pound for refining for the year that began July 1, Masanori Okada, chairman of the Japan Mining Industry Association, told reporters today in Tokyo. That compares with $75 a ton and 7.5 cents for calendar 2009 fees.
Processing fees for immediate delivery have slumped this year because lower ore grades and declining mine output cut raw ...