Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

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Message: Chile slipping in appeal

The annual cesco week is going on in Santiago so we're going to get a lot of chatter about copper. This should help our situation!

Todays comments at the Financial Times say that Chile "risks losing its position as the leading destination for investment by the copper mining industry as runaway cost inflation makes new projects uncompetitive, global mining executives have warned."

"...miners were reluctant to approve new investments in Chile because the past decade’s investment boom had pushed up the cost of labour and equipment, while energy and water were in increasingly short supply. On Tuesday copper miners across the country staged a one-day strike, seeking job security."

http://www.ft.com/cms/s/0/0e1625a0-a10e-11e2-990c-00144feabdc0.html#ixzz2PytqFtfe

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Apr 09, 2013 12:17PM
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