Portugal’s mining strategy may favour copper over lithium
Portugal already has the largest copper mine in the European Union, operated by Lundin Mining.
Reuters reported that Russian potash miners Uralkali (URKA.MM) and Silvinit (SILV.MM) expect to produce a combined 10.6 million tonnes of potash this year, up from 10.3 million tonnes in 2010.
The two companies, controlled by Russian billionaire tycoon Suleiman Kerimov and associates, announced a $23.9 billion merger earlier this year. Uralkali Chief Executive Officer Vladislav Baumgertner also said that its Belarussian Potash Co (BPC) export joint venture will sign a new contract with India in the coming months at a sharply higher price.
