Thursday, December 11, 2008

Another Copper Mine Bites the Dust

The Australian-based company Anvil Mining, one of the leading copper miners in the DRC, has announced that its 90 percent-owned Dikulushi mine will be closed effective immediately because of diminishing global demand. It joins a host of other mining operations that have closed down in the Congo's mineral-rich province of Katanga.

World copper prices have dropped by more than 60 percent since they reached a record in July of about US$ 3,200 a tonne.

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