Re: Why would TECK walk?
in response to
by
posted on
Jan 07, 2013 08:07PM
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%)
Teck put us as their third project out in November on slide three: http://www.teck.com/DocumentViewer.aspx?elementId=205062&portalName=tc
The first two projects are delayed for a time, I'm thinking Teck may have some extra capacity to want to get on with project #3...
http://www.mining.com/chile-delays-copper-and-gold-projects-worth-38-9-billion-30041/
Chile’s Copper Commission (COCHILCO) said the country is delaying 11 of the 45 mining copper and gold projects considered in the total 2012 portfolio for the nation, reports Minera Andina.
The measure means a deferred investment of $38.9 billion, 37.3% of the total value, which was $104.3 billion as of June 2012.
From the postponed projects, seven are copper and four are gold ones. The red metal ventures include the expansion of Phase III Collahuasi, Hypogene Quebrada Blanca, Relincho, Inca de Oro, San Antonio oxides, Santo Domingo and Phase II Andina. The four delayed gold ventures are Barrick’s Pascua Lama and Cerro Casale, Goldcorp’s disputed El Morro and Kinross Gold’s Lobo Marte.