MMG plans to raise annual limit on copper concs sales to Minmetals

MMG, the miner expected to acquire a copper mine from Glencore International, plans to more than triple the volume of copper concentrate it can supply to China Minmetals, its controlling shareholder, annually.

“An increase in the cap does not necessarily mean an increase in sales but will give us the flexibility,” a company official said.

MMG was proposing that the annual cap...

Published

Shivani Singh

March 19, 2014

10:50 GMT

Singapore