"TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce that Michael Meding has joined as Vice President of Andes Corporacion Minera SA. in Argentina. Mr. Meding is accountable for the overall direction and management of the Los Azules copper project in San Juan. He will play a significant role in taking McEwen Copper through its next phases of technical studies, upcoming IPO, and development as a global model for environmentally and socially responsible green mining.
Mr. Meding has over 20 years of international experience, primarily with major mining companies such as Barrick Gold and Trafigura, including extensive experience with project development and operations in Argentina. While at Barrick Gold's Veladero mine in Argentina, he played a key role in the turnaround, extension of the mine life, and subsequent strategic partnering with Shandong Gold. Mr. Meding is trilingual (Spanish-English-German) and holds an MBA from Indiana University in Pennsylvania and an MBA from the Leipzig Graduate School of Management in Germany." (McEwen Mining)
TNR Gold is plugged into Tesla Energy rEVolution with our royalty portfolio on the giant projects containing Lithium, Copper, Gold and Silver. Ganfeng Lithium is building Mariana Lithium Project's "Phase 1" with the approved 20,000 T of the annual production of Lithium Chloride in Salta, Argentina.
Now our NSR Royalty Holding on the entire giant Los Azules Copper, Gold and Silver Project is becoming the M&A play with Rob McEwen Midas touch in action. TNR Gold shareholders are dusting off their calculators with Copper prices moving towards $5/lb.
"Nova Royalty Corp paid US$12.75mln for a smaller-sized royalty than TNR’s - which, remember is 0.36% NSR - and at a time when the copper price was much lower.Some in the market calculate that TNR’s royalty on Los Azules ought to be worth at least US$20mln on that basis, and probably considerably more.
McEwen himself has argued that Taca Taca serves as a good proxy for Los Azules." (Alastair Ford)
On the links below you can find more information about TNR Gold Corp. for your own research. Stay safe and join rEVolution!
TNR Gold Royalty Holding On Los Azules Copper, Gold and Silver Project: "Los Azules Attracted The Attention Of Large Producers Such As Vale SA, Anglo American Plc And Barrick Gold Corp. As A potential Acquisition", Rob McEwen Said.
Drills are turning at Los Azules and Rob McEwen is turning heads of the mining executives in the boardrooms of major mining companies all over the world towards Argentina. The rising Copper price can perform miracles. We have seen nothing yet when it comes to major mining companies going FOMO on Energy Transition and Electric Cars.
All industry majors are seeking new giant deposits like the Los Azules Copper, Gold and Silver Project to replenish their dwindling mining reserves in order to participate in Energy Transition and Electrification of Transportation. We must build secure supply lines to feed Tesla Energy rEVolution.
Any of these names, Rob McEwen is talking about: Vale SA, Anglo American Plc and Barrick Gold Corp. - will bring the necessary catalyst to TNR Gold with our NSR Royalty Holding on the entire giant Los Azules Copper, Gold and Silver Project. Let's see what kind of magic Rob McEwen can produce this time. Upcoming drilling results promise to bring Los Azules into headlines again and, hopefully, this giant deposit can grow even bigger.
After Ganfeng's US$600 million investment plan for Mariana Lithium, TNR Gold can have another solid partnership between McEwen Mining and one of the largest mining companies in the world which will be moving Los Azules Copper towards production. As you remember, this is the unique opportunity for Barrick Gold to gain a solid footing in San Juan with a new major development at Los Azules Copper, Gold and Silver Project, which maybe can help later to bring to life the giant "landscaping exercise" left unfinished at Pascua Lama.
TNR Gold is plugged into Tesla Energy reVolution with our royalty portfolio. Ganfeng Lithium is building Mariana Lithium Project's "Phase 1" with the approved 20,000 T of the annual production of Lithium Chloride in Salta, Argentina.
Now our NSR Royalty Holding on the entire giant Los Azules Copper, Gold and Silver Project is becoming the M&A play with Rob McEwen Midas touch in action. On the links below you can find more information about TNR Gold Corp. for your own research. Stay safe and join rEVolution!
"Vast deposits and more welcoming policies have turned Argentina into a lithium hot-spot in recent years. Now the global copper industry is taking another look at the South American nation.
That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province near the border with Chile. Called Los Azules, it’s attracted the attention of large producers such as Vale SA, Anglo American Plc and Barrick Gold Corp. as a potential acquisition, he said. All three companies declined to comment." Mining.com
TNR Gold NSR Royalty Holding With McEwen Mining - McEwen Copper: Los Azules Progress Report
TNR Gold holds a 0.4% NSR royalty on the entire Los Azules Copper Project (TNR holds a 0.04% on behalf of a shareholder). TNR Gold does not have to contribute any capital for the development of Los Azules. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”
Canadian Mining Journal:
RANKED: World’s top 10 copper mining projects – 2022
"Copper, often called the bellwether metal as a barometer of global economic health, is a metal vital to the green energy transition. Demand has been growing for the red metal, and energy and metals researcher Wood Mackenzie expects end-use copper demand from passenger EVs to jump to around 2.9 million tonnes over the next decade from about 600,000 tonnes in 2021.
For a snapshot of the copper supply chain of tomorrow, MINING.COM and sister company Miningintelligence compiled a list of the top 10 largest undeveloped copper projects and ranked them according to copper resources in the measured and indicated and inferred categories.
Based on our criteria, we excluded Udokan Copper’s Udokan in Russia, Zijing’s Timok in Serbia and Anglo American’s Quellaveco in Peru, which have moved into the construction and commissioning phases.
#1 Pebble
Development status: Preliminary Economic Assessment. Geology: Porphyry, Supergene Copper
Northern Dynasty Minerals’ Pebble project in the Bristol Bay region of Alaska leads the list by a distance, containing 37.18 million tonnes (mt) of copper. Pebble has been plagued with controversy, delays and environmental opposition over the years, and the project’s key water permit was formally rejected by the US Army Corps of Engineers last year.
This year, the Biden administration said it will relaunch a process that could permanently protect Bristol Bay from development. The decisions are currently being challenged by Northern Dynasty Minerals, and in October 2021 the company released a preliminary economic assessment. If permitted, Pebble would be North America’s largest mine.
#2 Resolution
Development status: Feasibility. Geology: Porphyry
Rio Tinto and BHP’s Resolution copper project in Arizona comes in second with a 27.7 mt copper resource. The world’s top two miners have spent $2 billion over 26 years trying to launch Resolution into production, but have faced continued opposition from Native American groups and environmentalists. A 2014 decision by former President Barack Obama and Congress set in motion a complex process to give Rio federally owned Arizona land that contains more than 40 billion pounds of copper and would be one of the world’s largest underground mines.
#3 La Granja
Development status: Advanced Exploration. Geology: Porphyry
Rio Tinto’s La Granja property in Peru is in third place with 22.06 mt of copper. Rio Tinto acquired La Granja over 12 years ago, but renewed the concession in 2019 and paid $5m to continue exploring. The same year, it was rumored that Rio may team up with First Quantum to develop the mine.
#4 KSM
Development status: Prefeasibility. Geology: Porphyry, Skarn
Seabridge Gold’s Kerr-Sulphurets Mitchell (KSM) project in British Columbia is in fourth place with 21.25 mt of copper. The $5.3 billion project hosts four mineral deposits that will be operated as a combined open-pit and underground mine. Late last year, Seabridge announced its plans to reshape KSM by integrating the Snowfield porphyry deposit, acquired from Pretium Resources in December 2020.
#5 Nueva Union
Development status: Prefeasibility. Geology: Porphyry
Teck and Newmont’s Nueva Unión 50/50 joint venture in Chile takes fifth place with a 16.69 mt copper resource. The project is located in the Atacama region, and annual copper production is estimated at 224,000 tonnes during first 5 years of production.
#6 Tampakan
Development status: Feasibility. Geology: Porphyry
The Tampakan deposit on the Philippine island of Mindanao is in sixth place with 15.25 mt of copper. Sagittarius Mines is seeking local approval for the proposed mine, which is estimated to yield an average of 375,000 tonnes of copper a year over a 17-year mine life.
#7 El Pachon
Development status: Advanced Exploration. Geology: Porphyry
Glencore’s El Pachón copper and silver project in San Juan Province Argentina takes the seventh spot with a 15.04 mt resource. Glencore acquired the project from Xstrata Copper – El Pachón is a major long-life development project with the potential to initially produce 400,000 tonnes of copper per year.
#8 Los Azules
Development status: Preliminary Economic Assessment. Geology: Porphyry, Supergene Copper
McEwen Mining formed a new company, McEwen Copper, to advance the 13.42 mt Los Azules project in Argentina. The first thing the company said it intends to do is construct a new, low-altitude northern access road to provide year-round access to the site. The current exploration road is only passable about five months a year.
#9 Twin Metals
Development status: Prefeasibility. Geology: Magmatic Sulphide
Angofagasta’s beleaguered Twin metals project in Minnesota rounds out the top ten with 12.96 mt of copper. The company has asked US officials to reconsider a proposed 20-year ban on mining in Minnesota’s Boundary Waters region, a plan announced last fall that would block Twin Metals altogether.
#10 Frieda River
Development status: Feasibility. Geology: Epithermal, Porphyry
Guangdong Rising’s Freida River project in Papua New Guinea rounds out the list with a 12.45 mt resource. Freida River’s estimated mine life is 20 years.
Download the data at Miningintelligence."
