Pakistan copper mine could offer leverage in US tariff talks, says operator

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Financial Times 1d ago

Pakistan copper mine could offer leverage in US tariff talks, says operator - Financial Times

Quick Summary:

Cribb and Bristow said refining copper in-country was “not in the current plan” as the mine would not produce the 600,000 tonnes of copper concentrate needed to justify refinery investments.

Lenders in Europe and Japan are among those seeking the copper output from the giant mine, they said.“Right now, offtake is substantially dedicated to the lenders . . . or directly to people who are investing because they need the metal,” Bristow said.

Manara Minerals is in talks with the Pakistani government to buy a 10 to 20 per cent stake in the mine, the FT reported in January.“The Saudis would like . . .the offtake, more than anything else,” Bristow said, adding he did not know when or if the deal would go through.