TNR Gold: Los Azules Copper - Argentina's Mining Industry Eyeing US$20 Billion In Investment.

  

  

  Now we are talking about the real progress in Argentina. Credit rating is going up, reforms are changing the business environment for the better and now giant Los Azules Copper project is being acknowledged on the state level. China is coming back strong from its transition into the domestic growth oriented economy, Energy rEVolution with Solar and Electric Cars and rising Argentina are making International Lithium and TNR Gold stories even stronger now.

"Most of the investment is expected to be made between 2018 and 2020. Some of the projects that are due to come online include Glendora's El Pachón, First Quantum's Taca-Taca, Yamana Gold's Agua Rica and McEwen Mining's Los Azules, Caem said." - BN Americas.

TNR Gold and McEwen Mining: Los Azules Copper - China Wants To Buy More Copper Mines To Secure Its Supply.

McEwen Mining.

  

  Collapse in commodity prices has come with China economy downturn and will go with its transition to the internal consumption - security of supply for strategic commodities will always stay. China is moving very fast into the Next Industrial Energy rEVolution. Electric cars and Solar Energy are the new strategic industries and part of the 5 year plan. To secure the raw materials for this leapfrog jump directly into post carbon economy there is the military plan in action. China is already centre of Lithium Universe and controls 75% of Lithium Hydroxide which goes into Tesla Batteries. Now it is the follow up plan to secure the Copper supply when asset prices are depressed. Las Bambas was the first step and now next projects will follow. Los Azules giant copper project in Argentina is very well positioned for TNR Gold and McEwen Mining for these developments.

President Of International Lithium And Non Executive Chairman of TNR Gold Buys 1 Million Shares In TNR Gold.

TNR Gold Los Azules Copper: New Argentina's Government Making Right Moves, Rob McEwen Says.

  "The proud people of Argentina are taking their country back! Nobody knows the future, but now we have the hope that conservative Mauricio Macri will bring his country back where it belongs on the international arena. I expect that now, finally, country risk will become the huge value catalysis. From the article with Rob McEwen you can better understand what is really happening in Argentina already and how TNR Gold projects in Copper and Lithium will potentially benefit from these positive changes. Read more."

TNR Gold Royalty: McEwen Mining Eyeing Lower Capex Development At Giant Los Azules Copper In Argentina.

  

  And now here we go: Rob McEwen Mr Goldcorp himself is on the road to the economic recovery in Argentina and is working on the giant Los Azules Copper to make it the success story for the proud people of Argentina. I would like to use this opportunity and send my very warm regards and the best wishes for the New Year 2016 to Rob and all his Team at McEwen Mining from all of us at TNR Gold!

  Please carefully read my legal disclaimer and nothing on this educational blog must be taken as an investment advice. Always consult your qualified financial adviser before any investment decisions. Read more."

BNAmericas:

Argentina's mining industry eyeing US$20bn in investment

By Juan Andres Abarca 

Argentina's mining industry expects US$20bn in new investment over the next five years thanks to a series of measures being implemented by the government of President Mauricio Macri to attract private sector investment in the country.

"The mining sector will invest US$20bn in the regional economies through 2021, thanks to improvements in our competitiveness due to tax changes and the expectations that we're creating the necessary certainties that the mining sector needs," Marcelo Alvarez, president of Argentina's mining chamber (Caem), was quoted as saying by state news agency Télam.

Macri took office in December and, since then, has taken steps to foster private sector investment. Within weeks the government abolished export duties and trade controls, eliminated the fixed exchange and capital controls and most recently settled the 2003 default with bondholders and returned to global debt markets.

Most of the investment is expected to be made between 2018 and 2020. Some of the projects that are due to come online include Glendora's El Pachón, First Quantum's Taca-Taca, Yamana Gold's Agua Rica and McEwen Mining's Los Azules, Caem said.

During the five-year period, the industry expects exports to reach US$25bn, and generate 40,000 new jobs, on top of the existing 90,000 jobs in the mining industry."

TNR Gold And McEwen Mining's Los Azules In Argentina - Copper Miners Pin Hopes On Electric Cars After Tesla's Success.

  

  Timing is everything. And you will never have the perfect one, so once decided - just be there. And if you managed to survive "the wrong timing" and can even add to your position, just do it. This is the only advice I can share. 

  Argentina is changing very fast now under the new leadership and we can stretch our imagination that one day it will not only export its commodities like Copper and Lithium, but actually will become the power force behind the Energy rEVolution. Elon Musk with 325,000 orders for Tesla Model 3 has confirmed that consumers are ready to buy the best electric cars. Now Financial Times spells you the connection between The Next Industrial Energy rEVolution and Green Energy Metal - Copper. Copper goes everywhere in the 21st century: you will find it in electric motors, in new charging stations and wiring, in Wind and Solar installations with Smart Grids. China has a military plan to acquire and build its own resource base for strategic commodities like Lithium and Copper. Argentina can do much better than just supply the Hungry Red Dragon, it can produce lithium batteries and electric cars at least for South America one day. It is not such a stretch in the end: Chinese BYD backed by Warren Buffett is building its lithium batteries Megafactory in Brazil next door; and electric buses and lithium batteries plants in Argentina. International Lithium and TNR Gold are very well positioned in creation of the secure supply chain for strategic commodities for Energy rEVolution with Lithium and Copper.

TNR Gold and McEwen Mining: Los Azules Copper - China Wants To Buy More Copper Mines To Secure Its Supply.

  

  

  "Collapse in commodity prices has come with China economy downturn and will go with its transition to the internal consumption - security of supply for strategic commodities will always stay. China is moving very fast into the Next Industrial Energy rEVolution. Electric cars and Solar Energy are the new strategic industries and part of the 5 year plan. To secure the raw materials for this leapfrog jump directly into post carbon economy there is the military plan in action. China is already centre of Lithium Universe and controls 75% of Lithium Hydroxide which goes into Tesla Batteries. Now it is the follow up plan to secure the Copper supply when asset prices are depressed. Las Bambas was the first step and now next projects will follow. Los Azules giant copper project in Argentina is very well positioned for TNR Gold and McEwen Mining for these developments. Read more."

President Of International Lithium And Non Executive Chairman of TNR Gold Buys 1 Million Shares In TNR Gold.

FT:

Copper miners pin hopes on electric cars as China falters

APRIL 8, 2016

by: Henry Sanderson

The world’s copper miners and traders are pinning their hopes on increased demand for the metal from the makers of electric cars, after Tesla Motors revealed more than $10bn of pre-orders for its mass-market vehicle, the Model 3.

Robert Friedland, billionaire founder of Ivanhoe Mines, showed a picture of a Tesla vehicle at the annual copper conference in Santiago this week, saying it will consume 65 kg of copper per car. Friedland’s HPX exploration company is working “very closely” with Tesla, he said.

“Copper is the king of metals,” he said. “Just based on world ecological and environmental problems every single solution drives you to copper — solar power, wind power, electric cars, you name it.” 

While demand for copper could increase because of its uses in electric cars and in renewable energy, other analysts say this is unlikely to make up for weakness in demand from China’s construction and infrastructure industries, which are slowing. 

Copper traded on the London Metal Exchange has dropped more 20 per cent in the past year on concerns about Chinese demand and is currently trading at just $4,700 a tonne. In 2010 it cost more than $10,000 a tonne.

In the short term, miners and traders gathered in Chile said the copper price is likely to fall further without a recovery in demand in China and amid growing global supply from large mines brought on stream during the boom years.

Batteries in electric vehicles are likely to use 927,000 tonnes of copper a year by 2030, according to forecasts by Bloomberg New Energy Finance. That amounts to around 5 per cent of total production in 2014.

Still, miners in Santiago remained hopeful. Each electric vehicle requires four-times as much copper as its gasoline counterpart, before including the copper used in recharging infrastructure and electricity generation, according to John MacKenzie, executive chairman of Mantos Copper, which bought two copper mines in Chile last year as part of a consortium.

“Copper remains the best electrical conductor available and this will be more and more important in a world where energy efficiency is a priority,” he said in Santiago. “Sales of electric vehicles, together with other drivers such as renewable energy, will provide added impetus to future copper demand.”

But in the meantime global copper supply has grown by 3 per cent this year and, if there is no pick-up in demand in China, copper prices need to fall to below $2 a pound ($4,400 a tonne) before production cuts occur, Mr MacKenzie said.

The increasing popularity of electric cars is also boosting hopes for other commodities, such as aluminium. Increasingly stringent fuel economy standards will force carmakers to “accelerate a shift to new materials that will reshuffle the supply chain”, analysts at Goldman Sachs said in an April 7 research note. Aluminium is one-third the weight of steel.

“Through 2025, we expect demand for new lightweighting technology to underpin the shift to aluminium and ultra-high tensile steel,” analysts at the bank added. It forecasts a 17.5 per cent growth in use in aluminium alloys in cars through 2025."

TNR Gold and McEwen Mining: Los Azules Copper - China Wants To Buy More Copper Mines To Secure Its Supply.

  

  

  Collapse in commodity prices has come with China economy downturn and will go with its transition to the internal consumption - security of supply for strategic commodities will always stay. China is moving very fast into the Next Industrial Energy rEVolution. Electric cars and Solar Energy are the new strategic industries and part of the 5 year plan. To secure the raw materials for this leapfrog jump directly into post carbon economy there is the military plan in action. China is already centre of Lithium Universe and controls 75% of Lithium Hydroxide which goes into Tesla Batteries. Now it is the follow up plan to secure the Copper supply when asset prices are depressed. Las Bambas was the first step and now next projects will follow. Los Azules giant copper project in Argentina is very well positioned for TNR Gold and McEwen Mining for these developments.

President Of International Lithium And Non Executive Chairman of TNR Gold Buys 1 Million Shares In TNR Gold.

TNR Gold Los Azules Copper: New Argentina's Government Making Right Moves, Rob McEwen Says.

  "The proud people of Argentina are taking their country back! Nobody knows the future, but now we have the hope that conservative Mauricio Macri will bring his country back where it belongs on the international arena. I expect that now, finally, country risk will become the huge value catalysis. From the article with Rob McEwen you can better understand what is really happening in Argentina already and how TNR Gold projects in Copper and Lithium will potentially benefit from these positive changes. Read more."

TNR Gold Royalty: McEwen Mining Eyeing Lower Capex Development At Giant Los Azules Copper In Argentina.

  

  And now here we go: Rob McEwen Mr Goldcorp himself is on the road to the economic recovery in Argentina and is working on the giant Los Azules Copper to make it the success story for the proud people of Argentina. I would like to use this opportunity and send my very warm regards and the best wishes for the New Year 2016 to Rob and all his Team at McEwen Mining from all of us at TNR Gold!

  Please carefully read my legal disclaimer and nothing on this educational blog must be taken as an investment advice. Always consult your qualified financial adviser before any investment decisions. Read more."

FT:

China wants to buy more copper mines to secure its supply

YESTERDAY 

by: Henry Sanderson in Santiago

China will continue to acquire overseas copper mining assets to secure supply despite the uncertain outlook for commodity prices and scarcity of large projects, the vice-president of the country’s largest metal trader has said.

“China is very short of copper resources,” Jerry Jiao, vice-president of China Minmetals, told the World Copper Conference in Santiago. “The only way to make stable supply of copper resources … going overseas is the only solution.” 

The world’s largest mining companies are looking to shed assets as they seek to cut their debt loads and move away from a large diversified business model focused on multiple commodities. Swiss mining company Glencore is looking to sell its Lomas Bayas copper mine in Chile, while reports have also suggested that US copper miner Freeport-McMoRan may be willing to sell a stake in its El Abra mine in the South American country.

Minmetals is the owner of the big Las Bambas mine in Peru, which started shipping copper this year. It agreed to sell copper concentrate from the mine to a local unit of China’s state-owned Citic group, it said in January.

“We all know there are not many Las Bambas out there, it’s not easy to develop a huge mine,” Mr Jaio said. “It is more and more difficult to get one tonne of copper produced.”

Last December China’s state-owned Assets Supervision and Administration Commission said that Minmetals, which was founded in 1950, would merge with Metallurgical Corp of China, an infrastructure and construction group. That will allow the combined entity to control the whole metals value chain from mining to construction.

Last year Minmetals copper production rose to a record high of 217,000 tonnes, according to the official Xinhua News Agency. 

But Minmetals could face severe competition for copper assets from miners such as BHP Billiton and Rio Tinto, who both have positive views on copper. There are also billions of assets in private equity that could bid for any projects.

Even miners with stretched balance sheets are not selling their best copper assets as the metal is expected to be in short supply by the end of the decade.

China has built out its smelting capacity over the past ten years as it has grown to consume about 40 per cent of the world’s copper. But it is still reliant on overseas mines for the raw copper material. 

China’s copper consumption is akin to a “reverse pyramid,” Mr Jiao said. It consumes about 11m tonnes, and produces about 7m tonnes of copper cathode. But it can only supply 1.7m tonnes from its domestic mining.

“It’s easy for China to build a smelter but not to find resources,” he said. “Going forward [the] concentrate or mining sector will still occupy a large percentage of value along the whole value chain.” 

Mr Jiao said that emerging industries in China, such as automotive and renewable energy, are increasing their intensity of copper use. But the price outlook for the metal depends on whether China can successfully transition its economy towards these new industries and away from the old industrial sectors. 

“If we believe China has made a stable adjustment then we will feel at ease that copper will face a stable and balanced situation,” he said. 

However, Goldman Sachs, which has been one of the most bearish banks on copper and other commodities, warned that if China’s transition to a more consumer-led economy is successful, then copper demand growth is likely to be between flat to about 3 per cent.

“At best, if China manages its bumpy deceleration, which includes a big reduction in investment share of GDP over the next three to five years, the copper market will turn,” Goldman analyst Max Layton told the conference.

“If they perfectly manage this transaction then copper markets should turn. All the other scenarios that I come up with are worse than that for copper.” 

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. MiningNews.net"

  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 Financial! I 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."

TNR Gold Investor Presentation March 2014 from Kirill Klip