Myanmar Junta invites bids for copper cathode
2021-06-29 15:00:35 [Print]
Myanmar's military regime is selling metal worth at least US$51 million as it seeks to raise hard currency to fund its coup. The junta-controlled Ministry of Mines (MOM) has invited bids in US dollars for copper cathode and by-products from metal mines.
The MOM announced in state-controlled newspapers that it will sell 5,008 metric tons of copper cathode by open tender on July 21.
It has also invited bids for 300,000 tons of smelter slag and 140,000 tons of mill tailings from Bawdwin Mine in Namtu, Shan State, as well as 69 metric tons of lead ore from a mine in Loilem, Shan State and 20 metric tons of antimony ore from a mine in Heho, Shan State. Tenders are to be submitted by July 26.
The MOM announced in state-controlled newspapers that it will sell 5,008 metric tons of copper cathode by open tender on July 21.
It has also invited bids for 300,000 tons of smelter slag and 140,000 tons of mill tailings from Bawdwin Mine in Namtu, Shan State, as well as 69 metric tons of lead ore from a mine in Loilem, Shan State and 20 metric tons of antimony ore from a mine in Heho, Shan State. Tenders are to be submitted by July 26.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' operating rate statistics by province by month
Unit: %
