Demand rises as old mines deteriorate: exec

Apr 10, 2013 | 12:07 PM | Andrea Hotter

Tags  copper, Ivanplats, Robert Friedland, Kamoa, Democractic Republic of the Congo, copper demand, 12th World Copper Conference, Freeport-McMoRan Copper & Gold Andrea Hotter

SANTIAGO, Chile — The rise of megacities is driving up copper consumption, but existing mines won’t be enough to meet demand, according to Robert Friedland, executive chairman and founder of Ivanplats Ltd.

Many existing copper mines are deteriorating like "little old ladies lying in bed waiting to die," Friedland said at the 12th World Copper Conference in Santiago, making high-quality new projects all the more important. ....

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