Below are some key points of discussion, points and theories
that were floated among delegates at the conference in Leipzig.
Prices will have to rise further to incentivise new greenfield
copper mining projects • Copper prices of $6,000-7,000 per
tonne were quoted by analysts as being the levels needed to
attract new investment. • Most of the world’s
best copper mining areas have already been tapped and ore
grades at major mines are declining. • But big potential
mining projects are now in either logistically difficult areas
or ones with inherent political risk to investors. • "A
lot of the world class deposits have already been found and
depleted – opportunities that exist are typically
going to be in jurisdictions that are difficult to operate in,"
Vale evp of base metal sales and marketing Robert Morris said.
• "The Tenke [Fungurume] sale to China is an indication of