Copper producer Palabora Mining Company on Monday reported 1 329 cents per share headline earnings for its financial year, compared to a loss of 339 cent loss in 2005, thanks largely to higher prices and increased production.
In its results announcement released Monday, the company said that sales increased by 108 percent to R5,04 billion, as a result of higher copper and by-product prices and increased copper sales volumes to 97 thousand tonnes compared to 17 000 tons previously.
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