February 4, 2008 / 11:36 PM / 9 years ago

Jiangxi Copper says rainstorms hit production

2 Min Read

HONG KONG, Feb 5 (Reuters) - Jiangxi Copper Co Ltd (0358.HK) (600362.SS) said rainstorms in the southern part of China have had a significant impact on production, affecting production volumes in the quarter.

"Apart from Yongping copper mine, the whole or at least half of the production activities of the copper mines of the company in Jiangxi Province have ceased," the company said in a statement late on Monday.

China's top integrated copper producer said its copper smelting factory could only maintain 60 to 70 percent of production levels while other copper processing enterprises are operating under limited production conditions.

Jiangxi Copper said production is expected to return to normal levels with an improvement in electricity supply and transportation. The company accounted for 16 percent of China's refined copper production in 2007.

For detail please see here 0204359.pdf (Reporting by Donny Kwok; Editing by Valerie Lee)

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