Restart rumours

摘要

It would be wrong not to glance at the issue of mine restarts, slightly stale though it's become as a market talking point. There are two questions - perhaps three. Could Phelps Dodge reactivate anything this year? Will BHP Billiton take the brakes off, producing all out at Escondida and reopening Tintaya? To the first, we would say - no chance. PD is a major fabricator (the world's biggest wirerod producer) and has a full-blown economic slowdown in its own backyard.