[miningmx.com] – ZAMBIA’S copper mines would only be threatened if the copper price sank back to 2009 levels of about $5,000 per tonne, the country’s mines minister, Christopher Yaluma told Bloomberg News.
“When it starts getting to $5,000 and below,’ that would threaten mines in Zambia, Yaluma said. “I don’t think this is going to carry on; it will still bounce back.’ Copper has fallen 13% this year – its lowest levels since 2010.
The metal, which last traded below $5,000 a ton in July 2009, was down 1.4% to $6,415 last week, Bloomberg News said.
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