PMEA Blog

MANILA: Australia’s Lafayette Mining Ltd plans to ship a total of 2,670 tonnes of copper and zinc concentrate to China this week and next from its Rapu-Rapu project in the Philippines, an industry source said on Saturday.

The source said the total included an initial 870 tonnes of copper concentrate, its first output of the metal from Rapu-Rapu, which a company spokesman had already said would be shipped.Â

“Another 1,800 tonnes of copper and zinc concentrate may be shipped next week, also to China,” the source, who asked not to be identified, told Reuters.

The copper was incidental production from the Rapu-Rapu project during the test run of the base metals plant last year, before it was forced to shut in early December due to damage caused by a typhoon. Both shipments have been sold to South Korean trading firm LG International Corp, the source said. Horacio Ramos, head of the Philippines’ Mines and Geosciences Bureau, said there was no legal impediment for Lafayette to sell incidental production from its Rapu-Rapu mine. “They can sell their production as long as they pay the excise tax,” he told Reuters.

Read More