Tiger Resources (ASX:TGS,TSX:TGS) said that the stage-two feasibility study for its Kipoi copper project in the Democratic Republic of the Congo shows an after-tax net present value of $378 million at a copper price of $3.40 in the years 2014 to 2017 and a price of $3 from 2018. Separately, the company said that 2012 production at Kipoi was 36,962 tonnes of copper in concentrate, exceeding the company's previous estimate by 6 percent. It said production in 2013 will be maintained at 37,000 tonnes at average direct cash operating costs of 48 cents per pound.Nord Resources (OTC Pink:NRDS) entered into a new copper cathode sales agreement with Red Kite Master Fund for 100 percent of the production from the Johnson Camp mine in Arizona after the old agreement expired end of December. The new agreement runs through March of this year, with options for renewable extensions.
Copper Rebounds As Chinese Exports Jump
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