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Inmet sees copper output up, zinc output down in 2013

Keywords: Tags  Inmet Mining, Inmet, copper, zinc, copper production, zinc output, Las Cruces Mine, Cayeli Mine Pyhasalmi Mine

NEW YORK — Inmet Mining Corp. expects copper production to increase in 2013 while zinc output declines.

Copper production should total between 108,300 and 116,300 tonnes this year compared with 111,700 tonnes in 2012, while zinc production is expected to land at 56,200 to 62,400 tonnes vs. 66,300 tonnes in the same comparison, Inmet said.

The company’s Las Cruces Mine in Spain is forecast to produce between 68,500 to 72,000 tonnes of copper this year, up from 67,700 tonnes.

Las Cruces, which experienced a 60-percent production increase in 2012 over 2011, and Inmet’s new forecast "allows for planned maintenance downtime ... as we gradually introduce higher throughput rates," the Toronto-based company said.

Copper production at Inmet’s Cayeli Mine in Turkey is forecast at 27,800 to 30,900 tonnes in 2013, down from 31,400 tonnes last year. Zinc production at the mine is expected to drop to 35,900 to 39,900 tonnes from 40,700 tonnes in the same comparison.

"Cayeli copper and zinc production in 2012 were both above our original objectives, and reflected higher-grade stopes in production as well as strong throughput," Inmet said. "We expect zinc production in 2013 to decline by roughly 10 percent as zinc grades trend more toward reserve grade at Cayeli and Phyasalmi."

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