Chilean miners await Jinchuan copper concs force majeure
Miners in Chile have not yet received a declaration of force majeure against contracts to supply copper concentrates to Jinchuan, which suffered a major equipment failure at its 400,000-tpy smelter in Gansu last weekend.
The outage has caused a spike in treatment and refining charges in the local concentrates market, but the effect on seaborne trade has so far been less dramatic, as suppliers wait to establish how shipments will be affected. Two major suppliers to Jinchuan said they have not yet received a notification of force majeure, and added that other miners in Chile are also yet to be notified. Jinchuan announced that it was declaring force majeure to some suppliers on Wednesday March 19, after oxygen equipment at Gansu broke down, leading to a full stoppage at the plant.
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