Pan Pacific to Cut Copper Production by 3.2% in First Half

Pan Pacific Copper Co., Japan’s largest producer, plans to reduce output by 3.2 percent in the first half of this fiscal year compared with a year earlier.

Production will total 261,400 metric tons in the six months to Sept. 30 from 270,000 tons a year earlier, the Tokyo-based company said in a statement today. Pan Pacific Copper is a joint venture between JX Nippon Mining & Metals Corp., a unit of JX Holdings Inc., and Mitsui Mining & Smelting Co. (5706)

The following table gives production details in tons for copper, silver and sulfuric acid and in kilograms for gold.

===============================================================
Metal             H1 2013          H1 2012         H2 2012
                  April-Sept.      April-Sept.     Oct.-March
===============================================================
Copper            261,400          270,000         266,500
Gold               17,500           16,600          15,500
Silver                144.2            157.1           148.7
Sulfuric acid     838,800          807,800         776,300
===============================================================

To contact the reporters on this story: Jae Hur in Tokyo at jhur1@bloomberg.net; Ichiro Suzuki in Tokyo at isuzuki@bloomberg.net

To contact the editor responsible for this story: Brett Miller at bmiller30@bloomberg.net

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