Wednesday, 28 May 2014

TNR Gold Los Azules M&A: Copper Rises to 11-Week High on Optimism From U.S, China.


  Finally Dr Copper is waking up to the positive news from China that the end of the world will be postponed again.

"China continues its buying spree of copper assets all over the Globe: last month the huge Las Bambas copper project in Peru was bought by Minmetals Group for $5.85 B and now Guandong is bidding for PanAust. Reuters reports on the deal and you can notice how the activity in M&A by Chinese companies is picking up during the "soft market". It is the very important indication of the major bottom in the mining cycle: it is cheaper "to dig" for Copper and Gold on the Stock Exchanges now, when valuations of assets in the ground of listed companies are discounted by the depressed mining markets.  Read more."

  Bloomberg reports:

 "Copper climbed to 11-week high in London amid speculation that rising global equity markets indicate a favorable outlook for economic growth. Aluminum touched a one-month high.
The Standard & Poor’s 500 Index (SPX) of shares traded little changed today, after reaching a record high yesterday. U.S. orders for durable goods in April unexpectedly gained for a third straight month, while Chinese industrial profits rose. The nations are the world’s top copper consumers.
“Traders are optimistic about growth prospects,” Naeem Aslam, chief market analyst at Ava Capital Markets Ltd. in Dublin, said by e-mail. “The recent rise in copper prices is clearly a spillover effect of the equity markets. Bloomberg.”
  Chinese MMG is excited about the purchase of Las Bambas: "Las Bambas a unique opportunity"

"MMG business development manager Michael Nossal says the Chinese-owned miner was lucky to seal the $US5.85 billion ($A6.32 billion) purchase of the Las Bambas mine in Peru."

  Chinese Hunt for Copper is ongoing and recent news from Argentina is already re-pricing the valuations of copper projects.

Hot Winter In Argentina: Copper M&A, TNR Gold Los Azules - Lumina Copper Hits 52 Weeks High

  "The winter is coming, but investors' hearts are warming up to the best Argentina's mining stories. I will not jump here to any conclusions: whether this action is ignited byBarrick Gold's Pascua Lama developments or particular news coming with Lumina Copper. Taca Taca copper project is for sale and somebody is buying shares now. Let's wait for the official news from the company.
  In any case this development is very encouraging for all of us involved in mining in Argentina and proud hard working people living there deserve much better economic progress. Maybe we are witnessing the beginning of such change. Political risk perception yesterday can be translated in the value catalyst tomorrow. It will be very positive for our International Lithium Mariana Lithium Brine project development with Ganfeng Lithium now as well.
  Is my Tenke Fungurume experience in DRC with Lukas Lundin coming here back for Los Azules in Argentina? We will see very soon, hopefully. He has taught me that governments come and go, that political situation and its perception can change on a dime for better or worse, but you cannot "print", QE or find new world class copper projects overnight. We have seen the bad all together already, I am very encouraged that the mining cycle is turning now. Read More."

 "Any excitement and emotions are nothing in the ruthless investment world before investors will start to vote with their money. In any case this development will put Argentina copper projects back onto the industry and investors radar screens.
  Please, do not translate this particular story into any other companies' prospects - all projects are different. If you are interested in Los Azules Copper give us a call and study TNR Gold website -  I am here to talk to you."
"The sale of our Back-in Right will provide the necessary liquidity and catalyst to all of our group of companies. Rob McEwen has done a great job as Operator developing this project and now Los Azules is at the top of the list of the best copper projects in the world available for sale, according to PI FinancialI would recommend to contact Jim Mustard VP at PI Financial to get more information about Los Azules Copper project and our Back-In Right Asset."

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