The Democratic Republic of Congo, Africa’s biggest copper producer, told miners to halt any project expansion requiring more power amid a shortage that will take years to resolve, according to government documents.
Freeport-McMoRan Copper & Gold Inc., the largest publicly traded copper producer, may have to declare force majeure for concentrate sales from its Grasberg mine in Indonesia because of new rules on mineral exports.
Newmont Mining Corp. and Freeport- McMoRan Copper & Gold Inc. said they are still in talks with the government about resuming copper exports after the country granted approval for nine other companies.
Following is a table of the world’s 10 biggest producers of refined copper in 2013, according to metals, mining and fertilizer company CRU. Figures are in thousands of metric tons and are attributed to the proportion of a stake in an asset held by a company.
Freeport-McMoRan Copper & Gold Inc., owner of the world’s second-largest copper mine, has yet to begin concentrate shipments from Indonesia as it awaits permits more than two weeks after the government set new export rules.
U.S. stocks fell for the week, giving benchmark indexes their biggest losses since 2012, as a selloff in emerging-market currencies and signs of weakness in China spurred concern that global growth will slow.