US has second-longest mine development timeline in the world, S&P Global says
Mines in the US go from discovery to production on an average of 29 years.
The world’s most important copper companies will gather next month in Shanghai in an event organized by the Chinese’s city Futures Exchange (SHFE) and Chile’s Centre or Copper and Mining Studies (Cesco).
“Asia Copper Week” will focus on how the current global economic conditions, particularly on how China’s slowdown may affect global copper consumption and the expected consequences of this for copper producers, such as Chile.
“[The event] is a good opportunity to analyze the current and future status of the copper market. Asian companies have shown their enthusiasm, with around 800 participants. It looks to be a real success,” told La Tercera the executive manager of Cesco, Juan Carlos Guajardo.
Chile’s mining sector exports $80 billion per year, 60% of which is copper. China is one of the primary copper consumers in the world.
