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Mercator has signed a procurement agreement with Trafigura for the supply of copper

According to Metal Bulletin, the company Mercator Minerals has signed a procurement agreement with Trafigura for the purchase of 70 thousand tons of copper per year over seven years -. After the trading company has agreed to provide financing for the purchase of equipment for the unit Mercator — Bluefish Energy Corp. -. In the amount of $ 21 million for the provision of money Bluefish will buy a gas turbine to provide electricity to the second stage of the plant Mercator Mineral Park in Arizona, which produces copper, molybdenum and silver. With the launch of the second stage of processing plant capacity will increase from Bluefish 25 thousand. Tonnes of ore per year to 50 thousand. Tons of ore per year, which would require 57 MW of electricity (capacity of the new turbines will be 35 MW). Completing the installation of the turbine is expected by the end of the I quarter of 2011
In II quarter productivity increased Mineral Park, and in June he made a record amount of molybdenum — 396 thousand pounds… Also in June, the plant has produced 3.09 million pounds of copper and 44.6 thousand. Ounces of silver in concentrate.

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