Copper M&A: Mick Davies’ X2 Resources Raises $5.6 Billion, Ready To Buy Up Assets.

  

  We have the very positive news for the mining sector today from one of the top industry insiders. Capital is available for the best teams and projects and Mick Davies is shopping now. Hopefully this M&A activity will spike further interest in Los Azules Copper as well. Do not read too much into it, but Xstrata was involved in Los Azules Copper at the early stages of this giant copper discovery with Minera Andes. Rob McEwen's comments on timing for acquisitions are already in play in the industry now.

Rob McEwen: Los Azules Copper - "The Glimmer of Hope for Argentina."

  "Rob McEwen was presenting at BMO Capital Markets conference this week. It is the very interesting presentation and you can find it on the McEwen Mining website. The most interesting for TNR Gold was his comment on the recent situation in Argentina. He sees "the glimmer of hope" with the coming elections in October later this year: "Producers are making their enquiries about the Los Azules Copper project and one of them is on the property now."
  Please read carefully my legal disclosure and do not get very excited or make any investment decisions based on this public information from Rob McEwen. I personally think, that it is the very encouraging update from Rob on Los Azules Copper status. His view on Argentina and the changing mining landscape confirms the Yamana Gold and Goldcorp news we have discussed before. There is a long way from the any visit on the property to the signed contract, but magnitude of Los Azules Copper will speak for itself one day - you can find more information on TNR Gold website. Higher copper prices will be the catalyst here and today's news from China has ignited 2% rally in very oversold Copper. We will see soon whether it becomes the sustainable trend. As Rob has mentioned: "This is the time to look at valuations for the best projects." Read more."


TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".

Mining.com:

Mick Davies’ X2 Resources raises $5.6 billion, ready to buy up assets

"A major mining merger or acquisition could be just around the corner as X2 Resources, former Xstrata boss Mick Davis’ new company, announced it had secured $5.6 billion to buy up assetsand get back in the game.

Davis, a driving force in the deal-making that transformed the mining sector during a decade-long commodities boom, said in a statement the “blue-chip nature” of his company’s investors and the scale of their commitments to date were clear endorsements to both his private equity vehicle and the team’s expertise.

“We continue to carefully review a number of opportunities in the sector in detail. While value-creating opportunities are increasingly evident, the long-term nature of our strategy provides us with the flexibility to target those opportunities where we see the greatest potential for value creation,” he said."