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: Australian-listed Aditya Birla Minerals Ltd has placed its
Mt Gordon copper mine in the northeastern state of Queensland on care and maintenance because of low copper prices, the company said on Wednesday.
The company said the project's mill will continue to process stockpiles of ore and was likely to produce 1,800 tonne of copper-in-concentrate per month for about 12 months.
For the year ended September 30, Mt Gordon produced 11,010 tonne of copper-in-concentrate.
Aditya said it has also suspended crushing and stacking of ore at its Nifty oxide operations in Western Australia but would continue to leach copper until the leaching operation became uneconomic.
The oxide operation produced 3,605 tonne of copper cathode in the year to September 30, the last period for which data was available.
Aditya Birla Minerals is 51% owned by Hindalco Industries Ltd. Hindalco is Asia's largest integrated aluminium producer and a growing producer of copper metal from copper in concentrate.
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