China's MCC studying copper projects in Latin AmericaPublished by MAC on 2008-12-22
Source: Interfax China Metals and Mining (2008-12-19)
Metallurgical Group Corp. (MCC), China's leading state-owned mine construction company, is eyeing copper mining projects in Latin American countries, a company official told Interfax on Dec. 10.
"MCC is currently engaged in feasibility studies for possible copper mining projects in Mexico and Chile," said an official from the company's strategic development department, who asked to remain anonymous. The official said that the projects are still in the early stages, though declined to reveal further details.
The official said that the company will not slow down its search for opportunities to develop mineral resource projects abroad, despite sharp falls in world commodities prices.
Another senior official with MCC's overseas development department, who also asked to remain anonymous, hinted that the current weak commodities markets could offer good opportunities for the company in its search for ferrous and non-ferrous metals resources.
He said that MCC has no plans to slow projects currently under construction, including the Ramu nickel and cobalt project in Papua New Guinea and Sino Iron Project in Australia, even though other miners, that are feeling the pinch from the downtrodden global economy, are slowing similar work.
MCC's other overseas projects include the Saindak copper and gold mine and the Duddar lead and zinc mine in Pakistan, a copper mine in Brazil, the Cape Lambert Iron Ore Project in Western Australia and the Aynak Copper Mine in Afghanistan.