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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Metals & Mining Industrial Metals & Minerals
Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Amerigo Resources Ltd
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Post by waterboy2on Apr 20, 2011 3:22pm
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Post# 18463498

Chinese Copper Consumption

Chinese Copper Consumption

Chinese copper consumption to reach 7 million tonnes in 2011

Wednesday, 20 Apr, 2011

Interfax China reported that China Nonferrous Metals Industry Association official as saying that China will see 6% rises in

demand for copper this year with total consumption expected to reach 7.3 million tonnes.

Mr Duan Shaofu director of the CNMIA's copper department said that planned upgrades to the power grid in rural areas, as

well as the central government's drive to increase affordable housing will push up copper demand. The equipment

manufacturing and high speed rail industries will also see an increase in copper consumption this year.

Mr Duan added that refined copper output will grow 42.86% YoY in 2011 to approximately 5 million tonnes. The price of

copper meanwhile is expected to hit around USD 10,000 per tonne.

Mr Jia Yinsong an official with the Ministry of Industry and Information Technology said that the development of the high

tech equipment manufacturing industry is a major focal point for China's 12th Five Year Plan (2011-2015).

(Sourced from Interfax China)

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