Chilean mining businesses Antofagasta Minerals (ANTO.L: Quote) CEO Diego Hernandez advised Reuters on Monday , China 's economic troubles a lot much less probably to lead to the country's economic crisis . China could be the world's biggest metals customer.
Chinese enterprises have a debt default sparked concerns about China 's credit difficulties , right after copper costs fell to three and a half in March lows . Due to the fact then , however copper costs stabilized , but traders are nevertheless anxious about China's financial slowdown . iron ore separation process
Diego Hernandez played down fears of Chinese economic problems. He has in depth experience inside the mining sector , after in charge of your Chilean state-owned copper producer CodelcoCODEL.UL and BHP Billiton (BHP.AX: Quote) base metals sectors.
"We feel that China's financial overall performance is quite sturdy, " he mentioned in an interview , explained the office in Chile , " there might be some issues , but the challenge is quite modest ."crushing equipment
Hernandez mentioned that when the raise in copper reserves as being a new dedication to enter the market , it could be a slight excess copper supply .
Antofagasta Minerals is expected to be while in the following five many years, paying ￡ 3 billion , the copper manufacturing in the present degree of slightly a lot more than 700,000 tons , and when in 2018 to 90 million tons.
