Resilient copper, gold

PAPUA New Guinea’s Treasury department is forecasting strong copper and gold prices to remain next year.
Resilient copper, gold Resilient copper, gold Resilient copper, gold Resilient copper, gold Resilient copper, gold

In its 2013 budget calculations, copper was tipped to average a healthy $US8047 a tonne while gold was projected to average $1701 an ounce.

Both of these key PNG commodities have surpassed these price levels at various stages in 2012. Other prized mining commodities such as coal, iron ore and nickel have suffered from double digit falls last year.

Mine Life founding director and senior resources analyst Gavin Wendt wasn't too far off Treasury's calls either with his 2013 average price forecasts of $1,780oz for gold and $8000/t for copper.

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