Re: Quellaveco vs Schaft Creek
in response to
by
posted on
Feb 18, 2012 09:05PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Quellaveco is in Southern Peru. They could easily get the rug pulled up from under them just as BCM.V did with their Santa Ana mine
After reading my last post again, I want to clarify this point as it is over the top. It was the previous government that pulled the rug from under BCM.V, the new government is trying to support mining and appease the locals. I don't think Quellaveco faces the same risk. Once Conga is dealt with, Santa Ana may get resolved. Also, I haven't done extensive reading on the opposition from the locals regarding Quellaveco.