(Bloomberg) -- Mining companies, including the
world's largest BHP Billiton Ltd., may have reduced fees paid to
smelters for processing raw material into refined copper under
mid-year contracts, according to Macquarie Bank Ltd.
Some agreements on so-called treatment and refining charges,
or TC/RCs, have been reached by miners, including BHP, Teck
Cominco Ltd. and Newmont Mining Corp., the bank said in a report
today. Miners may have lowered fees from previous settlements,
and either excluded or limited ``price-participation'' clauses
allowing smelters to benefit from copper price gains, it said.
Read more at Bloomberg Commodities News
world's largest BHP Billiton Ltd., may have reduced fees paid to
smelters for processing raw material into refined copper under
mid-year contracts, according to Macquarie Bank Ltd.
Some agreements on so-called treatment and refining charges,
or TC/RCs, have been reached by miners, including BHP, Teck
Cominco Ltd. and Newmont Mining Corp., the bank said in a report
today. Miners may have lowered fees from previous settlements,
and either excluded or limited ``price-participation'' clauses
allowing smelters to benefit from copper price gains, it said.
Read more at Bloomberg Commodities News
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