Smelter Contract & Transportation
Phelps Dodge, Hidalgo Smelter
- Playas, New Mexico
- Contract Specs
- pay for 96.6% of contained copper
- $50/dry metric ton treatment charge
- $0.05/lb of payable copper refining charge
- Net smelter return of $2.3 billion
- Transportation, 1,350 miles from project
- $50/ton by rail
- Total cost of $224 million