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Tongling Nonferrous Wins 54.8% Copper Fee Increase

Trafigura Eyes Purchase of Private Polyarny Nickel-Paper

Feb. 18 (Bloomberg) --Tongling Nonferrous Metals Group Co. secured a 54.8 percent increase in treatment and refining charges for processing copper concentrate in the first half from BHP Billiton Ltd., the smelter said today.
Tongling agreed $72 per metric ton for treatment fees and 7.2 cents per pound for refining fees with the Australian mining company on Jan. 20, it said in a statement to the Shenzhen Stock Exchange. That compares with $46.5/4.65 for 2010, it said.
The increase will have a &ldquo;positive impact&rdquo; on the company, it said. The company will purchase 40,000 dry tons of concentrate from BHP in the first half and will negotiate fees for the second half, it said. 
 
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