Bloomberg is out with a great article this morning on the junior mining sector (Hat tip to Jon Jones @ Haywood for forwarding). According to the article, mining acquisitions under $1 billion have slumped to an 8 year low. Additionally, there are 972 mining companies in Canada with no revenue over the past 12 months,… Continue Reading

Ivanhoe Mines (IVN:TSX) intends to raise up to $108 million for the development of its Kamoa copper discovery and Kipushi copper-zinc project, both located in the Democratic Republic of Congo’s Katanga province.  The raise is comprised of 50 million Class A common shares at a price of $2.00 per share.  Billionaire founder and Chairman, Robert… Continue Reading

This morning Dale Corman’s Western Copper and Gold (WRN:TSX) provided an update on the developments of their Casino project in the Yukon (see Dale Corman’s Western Copper and Gold Challenge: Developing a Low-Risk Casino). WRN has completed their 2013 field program which is the end of a six-year long engineering and baseline data collection program… Continue Reading

Western Copper and Gold Corp.’s Casino deposit in the Yukon contains 18 million ounces of gold and 10 billion pounds of copper. WRN CEO Dale Corman delivered 20 fold returns to investors between 2001-2006. Can he do it again? Western Copper and Gold Corp. has approved this story. Please read their Cautionary Statement. In a bear… Continue Reading

Today Nevada Copper Corp. (TSX:NCU), a Vancouver-based junior mining company developing the Pumpkin Hollow project in Nevada, announced they have received their final permit required for construction and operation of Stage 1 of the underground project, the Nevada Air Quality Operating Permit. The Pumpkin Hollow underground project is now fully permitted for mine construction and operations. With all… Continue Reading

In reviewing Lumina Copper’s corporate presentation earlier we were amazed at how cool the company’s Taca Taca project looks in photos. This is what the World’s largest copper deposit available for sale (owned by a junior exploration company) looks like. Taca Taca is the “Best deposit in the worst market” Lumina’s largest shareholder Ross Beaty… Continue Reading

Copper Mountain (CUM:TSX) announced it has entered into an option agreement with Westar Resources and Bearclaw Capital to earn up to 75% interest in the Axe property in British Columbia.  The Axe property is an advanced stage project with the potential to host a large copper porphyry.  Currently Westar and Bearclaw hold the property in… Continue Reading

By James Kwantes, World of Mining Rebalancing, Part 2: Signs of life (click here for part 1) In my last post, I detailed the positions that I’ve sold (Amerigo Resources, Sandstorm Gold/Metals & Energy) or dramatically reduced (Lumina Copper) in the past couple of months. This post takes a closer look at stocks I’ve purchased… Continue Reading

Capstone Mining (CS:TSX) announced today that it would acquire the right to earn up to 70% of the Project Providencia from Sociedad Quimica y Mineral de Chila S.A. (SQM).  The property is somewhat strategic in that it sits approximately halfway between Capstone’s Santo Domingo Project and Anglo American’s Mantos Blancos copper mine. SQM is a… Continue Reading

Kip Keen at Mineweb has a new interview with Dave Lowell, Chairman & CEO of Lowell Copper (TSXV:JDL), discussing the Ricardo property in Chile. Finding an ore body at Ricardo will be challenging, Lowell says. “We’re looking for vertical tabular slabs of ore with no alteration halo on either side and it probably will be deep,… Continue Reading

Looking at this week’s photographs of a convoy of trucks heading out on the first delivery run of exports of copper and gold concentrate from the Oyu Tolgoi mine, I am reminded that it was almost exactly 12 years ago that Ivanhoe Mines announced the first of a series of five world-class mineral discoveries at… Continue Reading

Octogenarian self styled ‘treasure hunter’ Dave Lowell, who we called Mining’s Greatest Explorer in a January, 2013 short film about the legend, has launched a new copper exploration and development company, Lowell Copper, and subsequently raised $11.4 million in a financing in which we participated (details). The company’s principal asset is the Ricardo project in… Continue Reading

In an interview with CEO.CA on April 26, 2013 mining legend Ross Beaty told us, “I don’t think it’s time for me to invest just yet, but its getting close.” Yesterday Beaty announced that he had purchased 221,000 shares in Lumina Copper Corp. (TSXV:LCC) at an average cost of $4.68 in the open market on June… Continue Reading

“I wouldn’t be surprised if the market in several months is disputing whether the oversupply will be achieved at all,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “Oversupply is pretty much priced in.” Article: Claudia Carpenter, Bloomberg

Like the iron ore producers, copper miners have invested so much bringing new supply to the market that a surplus of copper is now expected for the first time in many years. Article: Garry White and Emma Rowley | Telegraph