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Aditya Birla shuts Mt Gordon copper mine

Commodity Online
NEW DELHI: Following a slump in Copper prices and a crash in demand, Aditya Birla Minerals Ltd has put its Mt Gordon copper mine in Queensland for maintenance.

The company said the project’s mill would continue to process stockpiles of ore and was likely to produce 1,800 tonne of copper in concentrate per month for about 12 months.

It has also suspended crushing and stacking of ore at its Nifty oxide operations in Western Australia but would continue to leach Copper until the leaching operation became uneconomic.

Aditya Birla Minerals is 51% owned by India’s Hindalco Industries Ltd Hindalco.
MCX Mentha Oil 31 March 2012 contract was trading at Rs 1314.5 , up Rs. 2.6 . What's your view on it?
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