Lumina Copper buyout by First Quantum Minerals has already re-rated valuations in the mining sector of Argentina and this pick up in M&A activity will signify the major bottom in this mining cycle, as we have discussed before. It is very important that money is coming in the large CAPEX Copper project particularly in Argentina, where our Los Azules Copper project is located. I hope to share with you industry research reports on Los Azules copper in the nearest future - this activity should awaken the sleeping analysts. We are working with PI Financial on the Sale of our Back-In Right and below you can find the big picture view on Copper provided by Derek Hamil in his very well researched article.
"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: Los Azules Copper And M&A in Argentina - First Quantum Minerals to Acquire Lumina Copper For $470 Million.
My expectations have not let me down this time. Lumina Copper is gone for 470 million. Proud people of Argentina can be expecting now the re-rating of risk and increased valuations for other mining projects respectively. My Team at TNR Gold and I will continue to write our story about Los Azules Copper M&A and Mariana Lithium project for our International Lithium.Los Azules Copper is the next prized asset to be talked about in the industry from today. Read More."
"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"
Kitco:
Multi-Year Global Copper Market Outlook
SUMMARY:
- After a multi-year hiatus, resumption in the compound annual growth of global mine production starting in 2012 has the market for refined copper poised to enter into surplus supply.
- Further urbanization and industrialization of China, and to a lesser extent India, will continue to increase copper intensity; persistently threatening to overwhelm annual global copper production by 2019.
- It’s your father’s Oldsmobile – without the rapid copper price appreciation witnessed from 2003 to 2011 (CAGR north of 20%), a return of responsible business practices to the exploration sector is warranted. Though important, potential tonnage will take a back seat to grade, capital costs, environmental impact, and jurisdiction.
Introduction – copper, a metal for the ages
