[Resource Investor] Andrew K. Burger - Leading Mexican steel and mining company AHMSA expects to revive mining on the site of the world's oldest known copper mines, located in Israel's Arava Valley. AHMSA plans to invest $160 million to bring the Arava Mine back into production and produce 22,000 tons of copper cathodes per year for the next 20 years. "We expect to have the plant operating by the end of 2009," said Arava Mines' director Carla Garcia-Granados.
2008-04-08 01:00:00Full ArticleBACK Visit the Daily Alert Archive