A cooperation deal between Outotec and Baikal Mining Co for a copper concentrator and hydrometallurgical plant in Russia could add around 130,000 tonnes per year of production to an already oversupplied global refined copper market.
The contract, valued at ?,?250 million ($283 million), covers the engineering of the concentrate and hydrometallurgical equipment for the new complex at Baikal's Udokan copper project in Russia by Finnish metals and minerals processor Outotec.Once operational, the plant will have processing capacity of 12 million tpy of ore from which it will produce...