Tag Archives | recovery
In February 2013, KPMG in Chile published the Quarterly Commodity Insights Bulletin, focusing on Copper. With overall copper demand expected to increase 3.6% in 2013 and 4.3% in 2014, the following are some of the insights gleaned from the Bulletin… World copper mine production increased 2% year-on-year to 16.60Mt in 2012. Production from Chile, the world’s largest copper producer, increased 4% year-on-year to 5.48Mt, after a lower mine production in 2011 due to a series of labour disputes, extreme weather, and declining ore grades.
In Feburary of this year, copper prices were steady at about US$3.70/lb with underlying support primarily driven by demand from continued Chinese government expenditure on construction and infrastructure projects. Overall copper demand is expected to increase 3.6 percent in 2013 and 4.3 percent in 2014.
Africa Brief: Zimbabwe tries to keep rules, manufactured goods exports, AU ban on NGOs at summit and more
Zimbabwe was trying to reach an agreement to distribute its stones directly to China, Dubai and Israel without violating rules against the sale of gems from the Marange fields. The proposal would not violate Kimberley Process rules because Zimbabwe outside of Marange was certified compliant in 2010. Zimbabwe produced 8 million carats of diamonds worth $865 million (R8 billion) last year to be the seventh-largest producer.