Re: Teck and Mining Overview
in response to
by
posted on
Sep 25, 2014 05:25PM
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%)
Do some Googling and you will see how anxious Mr Lindsay is about getting the delayed Fort Hills oil sands mine up and running. He mentions Teck is looking forward five to ten years, and see energy being the biggest producer for them, and they are diversifying accordingly.