Jiangxi Copper Settles 2009 TC/RC Prices With BHP - Official
23 January 2009 - 4:08PM
Dow Jones News
Jiangxi Copper Co. (0358.HK) has settled 2009 treatment and
refining charges, or TC/RCs, with Anglo-Australian miner BHP
Billiton (BHP) at $75 a metric ton and 7.5 cents a pound, an
official with the company who declined to be named said Friday.
The prices are the same as those reached between Jiangxi Copper
and Freeport-McMoRan Copper & Gold Inc. (FCX) earlier this
month, said the official.
The charges are about 60% higher than what BHP paid last year to
Jiangxi Copper, China's largest copper smelter by output, to
process copper concentrate into the red metal.
-Yue Li contributed to this story, Dow Jones Newswires; (8621)
6120 1200; yue.li@dowjones.com
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