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Copper industry in crisis, new areas pursued

Creamer Media Reporter
The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group executive Edwin Dreyer. “Lower ore values mean additional tonnage must be mined to obtain the same yield as before, which leads to cutting costs and workers being laid off.”

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