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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Thanks for fixing the link. Also look at what is happening in Indonesia - much like Zambia/DRC tax increases and taking part ownership.

This Critical Copper Nation Has Begun Seizing Mines

An important saga for the global copper market is continuing to play out in one top-producing nation. With developments this week showing that the government here is moving ahead with ambitious plans to take greater control of the mining industry.

The place is Indonesia. Where officials said they will soon begin taking larger ownership stakes in projects, pushing existing operators to divest ownership.

Local media reported that the director general for Indonesia's Energy and Mineral Resources Ministry, R. Sukhyar, has said major producer Freeport McMoRan will be one of the first firms compelled to divest a project interest. With the director general noting that plans are for Freeport to divest an initial 10.6% stake in its Indonesian subsidiary to the government.

The move will take place soon. With the government saying that the divestiture is scheduled to be completed by October of this year.

And this is only a first step. Dave Forrest

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