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HOLD THE PHONE!
WOW... this is getting outta hand!
Seems Cooper mountain is into a lot of stuff! and good stuff! I'm diggin into multible companies, mining operations and mergers! WOW...
Vancouver police are working to identify protesters who stormed into a downtown hotel last month and threw feces at members of the Canadian Institute of Mining Metallurgy and Petroleum (CIM), while they were listening to a speech by Compliance Energy Corp. (TSX: V.CEC, Stock Forum) CEO John Tapics.
Compliance spokesman Greg Werbowski said this is not the first time that the company has been targeted by protesters who are opposed to the firm’s Vancouver Island coal project, which is currently in the permitting stage and could be in production as early as 2015.
The $240 million Raven Coal project has also sparked opposition in communities located in the vicinity of the Comox Valley mine site.
In an email note to Tom Broddy, Chairman of the CIM’s Vancouver Branch, Cst. Mason Wan of the Vancouver Police Department said police have yet to make any arrests. However, they are currently using video evidence in a bid to identify potential suspects.
Broddy has been asked to assist police in their investigation by providing a detailed description of the May 24th incident, which occurred at the Four Seasons Hotel in downtown Vancouver. He has also been asked to identify anyone who was hit with the liquid feces.
According to CIM statements obtained by Stockhouse, there were about 120 CIM members present when the protesters allegedly stormed into the meeting, and started yelling and denouncing the coal project.
“Unpleasant items,’’ which were thought to be liquid feces, were thrown just as Tapics was wrapping up his presentation, the CIM said.
CIM executive director Jean Vavrek said he is hoping that the culprits will be apprehended and held accountable for their deeds.
Meanwhile, Werbowski said the company is working to secure mining and environmental permits from the Federal and provincial governments. Estimated to cost about $240 million, the Raven Project is a joint venture involving Compliance (60%), LG International Investments Corp. of Korea (20%), and Japanese trading house Itochu Corp. of Japan (20%).
Slated for startup in early 2015, Raven is expected to produce about 850,000 tonnes of metallurgical coal, product that will be shipped to Asian markets for use in steel production. The underground mining operation is expected to provide 350 full time jobs and 500 so-called spin-off jobs.
Compliance currently has about $10 million in working capital, as well as 1.8 million shares of Copper Mountain Mining Corp. (TSX: T.CUM, Stock Forum). Trading at 15 cents on Wednesday, Compliance Energy has a market cap of $9.4 million, based on 63 million shares outstanding. The 51-week range is 40 cents and 13 cents.
Copper Mountain Announces Second Quarter 2012 Concentrate Shipments
VANCOUVER, July 3, 2012 /PRNewswire via COMTEX/ -- Web Site: www.CuMtn.com TSX: CUM
From an operational point of view, the addition of the extra mining equipment announced earlier this year has assisted in increasing the mining capacity and has also allowed flexibility in mine planning. The Company is presently reviewing its 2012 mine plane with a view of further optimization to maximize copper production. Mill production has been improving modestly during the quarter; however, operational challenges continue to hamper reaching design capacity on a consistent basis. As a result the Company has agreed to extend its completion guarantees with the project banks until June 30, 2013 or until project banking completion has been achieved.
In addition, during the quarter the Company also commenced its 2012 exploration program which forms the first part of a larger three year exploration strategy for the property. The objectives of the exploration program are threefold: determination of the potential long-term pit limits, conversion of resources to reserves in order to assist with near to mid-term mine planning and continued exploration of outlying or new areas of mineralization. There are currently three drills on the property (2 diamond drills and 1 percussion drill) which are working on a number of the target areas. Drilling has been focused along the western and northern edges of the Pit 2, partly to expand the pit limits, test mineralization at depth and to infill gaps within the resource model. Additional drilling has been undertaken along the outlying Alabama trend, and will also test mineralization at depth below the southern end of Pit 3.
About Copper Mountain Mining Corporation: Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Mine. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia. The Copper Mountain Mine has a current resource of approximately 5 billion pounds of copper and recently commenced production. Additional information is available on the Company's new web page at www.CuMtn.com .
Lithium mines escape pollution laws
by The Canadian Press - Story: 77380
Jul 2, 2012 / 5:00 pm
Photo: The Canadian Press. All rights reserved.
ICanada's environmental regulations have lagged behind the global rush to develop deposits of lithium, a rare metal found in the rechargeable batteries, says a new report. THE CANADIAN PRESS/AP, Paul Sancya\
Canada's environmental regulations have lagged behind the global rush to develop deposits of lithium, a rare metal found in the rechargeable batteries that power millions of iPads, smartphones and laptops, says a new report.
The recent surge in lithium exploration, driven by a consumer electronics explosion and limited world supplies, includes several companies developing Canadian sites.
But Canada has little historical experience of lithium extraction, and existing environmental regulations are not well-tailored to the burgeoning industry.
"The Metal Mining Effluent Regulations do not specifically regulate all of the individual substances of concern that might be released from the mining or processing of rare earth elements and lithium," says the report.
The regulations "were not specifically designed to manage the environmental aspects of these mining processes."
The March 2012 report, commissioned by Environment Canada, was obtained by The Canadian Press under the Access to Information Act.
Canada has just one functioning lithium operation, the underground Tanco Mine at Bernic Lake, Man., that produces a lithium-containing ore known as spodumene, along with other minerals.
But soaring world demand for lithium, largely for use in the lithium-ion batteries that power a constellation of electronic devices and some vehicles, has sent more prospectors into the field.
Canada Lithium Corp. (TSX:CLQ) has been rejuvenating an old lithium mine 60 kilometres north of Val d'Or, Que. Production is slated to begin later this year, with on-site refining of the spodumene ore into lithium carbonate early in 2013.
The Quebec government issued a mining licence in June for the $207-million open-pit mine, though an environmental assessment is still underway.
And at least three companies are considering lithium-extraction operations using a brine-water process in an area of Alberta about 200 kilometres west of Edmonton. Those plans are in the early stages, and no environmental assessments have been completed, says the report.
Last summer, Environment Canada ordered a review of the lithium and rare earths sector in anticipation of surging interest and "to ensure that the current requirements of the (regulations) are adequate."
Rare earths are exotic elements such as scandium and yttrium that are also vital to the electronics industry, including their use in flat-screen technology.
The $17,600 study by Cheminfo Services Inc. says that radioactive thorium is the byproduct of most concern in rare-earth mining and processing, still in its infancy in Canada.
Lithium extraction is somewhat more advanced in Canada. Hard-rock mining of lithium may have a lesser environmental impact than lithium produced through evaporation of brine, as proposed in Alberta.
Neither process is specifically referred to in the Metal Mining Effluent Regulations, and the consultants suggest the regulations may need to be changed to include brine processes. Provincial regulations may also apply.
Cheminfo also says one federal backstop to the mining regulations is a section of the Fisheries Act, which prohibits the deposit of deleterious substances into waters frequented by fish.
But the report was completed in March, a month before the Conservative government watered down many environmental protections in the Fisheries Act, through the omnibus C-38 budget bill, raising questions about its continued effectiveness.
A spokesman for Environment Canada said the department has no plans to revise the mining effluent regulations.
"There are currently no plans to have new requirements outside of the existing provisions of the regulations," Mark Johnson said in an email.
He noted that the report cited a regulatory gap for brine extraction, which is not currently practised in Canada.
"(Hard-rock) lithium mining from spodumene, which is the most common approach to lithium mining, is quite similar to other mining processes already covered by the MMER."
The Cheminfo report notes Canada has reserves of some 360,000 tonnes of lithium, a fraction of reserves in the top three countries, Bolivia (5.4 million tonnes), Chile (three million tonnes) and China (1.1 million tonnes).
The study also cites forecasts suggesting there may be a world oversupply by 2020 as more players develop lithium mines and extraction facilities.
Global use of lithium, the lightest metal in the periodic table, has doubled since 2000 while prices have tripled.
RPT-BRIEF-Copper Mountain announces Q2 concentrate shipments
Copper Mountain Mining Corp
CUM.TO
$3.38
+0.04+1.20%
19:49:24 IDT
Tue Jul 3, 2012 6:38pm IST
(Reuters) - Copper Mountain Mining Corp : * Announces second quarter 2012 concentrate shipments * In Q2 the mine completed 3 shipments of concentrate to smelters in Japan containing 18.1 million pounds of Copper * Resently reviewing 2012 mine plane with a view of further optimization to maximize Copper production. * Q2 gross sale value,based on provisional pricing is estimated at $74 million for southern British Columbia mine
REGULATORY NEWS
Hello again my friends. I'm looking into the possible of these 3 companies!
Copper Mountain Announces Second Quarter 2012 Concentrate Shipments
Share
By Copper Mountain Mining Corporation
Published: Tuesday, Jul. 3, 2012 - 5:35 am
VANCOUVER, July 3, 2012 -- Web Site: www.CuMtn.com TSX: CUM
VANCOUVER, July 3, 2012 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces production results for the second quarter of 2012 from the recently opened Copper Mountain mine located in southern British Columbia.
During the second quarter of 2012 the mine completed a total of three shipments of copper concentrate, to smelters in Japan, containing approximately 18.1 million pounds of copper, 5,600 ounces of gold, and 124,000 ounces of silver, an increase in shipped copper of approximately 14.8% over the first quarter of 2012. Gross sale value, based on provisional pricing is estimated at $74 million.
From an operational point of view, the addition of the extra mining equipment announced earlier this year has assisted in increasing the mining capacity and has also allowed flexibility in mine planning. The Company is presently reviewing its 2012 mine plane with a view of further optimization to maximize copper production. Mill production has been improving modestly during the quarter; however, operational challenges continue to hamper reaching design capacity on a consistent basis. As a result the Company has agreed to extend its completion guarantees with the project banks until June 30, 2013 or until project banking completion has been achieved.
In addition, during the quarter the Company also commenced its 2012 exploration program which forms the first part of a larger three year exploration strategy for the property. The objectives of the exploration program are threefold: determination of the potential long-term pit limits, conversion of resources to reserves in order to assist with near to mid-term mine planning and continued exploration of outlying or new areas of mineralization. There are currently three drills on the property (2 diamond drills and 1 percussion drill) which are working on a number of the target areas. Drilling has been focused along the western and northern edges of the Pit 2, partly to expand the pit limits, test mineralization at depth and to infill gaps within the resource model. Additional drilling has been undertaken along the outlying Alabama trend, and will also test mineralization at depth below the southern end of Pit 3.
About Copper Mountain Mining Corporation: Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Mine. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia. The Copper Mountain Mine has a current resource of approximately 5 billion pounds of copper and recently commenced production. Additional information is available on the Company's new web page at www.CuMtn.com.
Read more here: http://www.sacbee.com/2012/07/03/4607138/copper-mountain-announces-second.html#storylink=cpy
Mitsu with 25%... just incredible.. ;)
It's has outstanding leadership JKM1... Very nice.
High caliber company here.. mini share structure... 'Super Pit' ... very nice Copper Mountain !
Fronk---thanks for your affirming text! You Longs are great! Go Mmte! Go Copper Mountain!!
Thanks LOTS for your PM jkm1! I agree totally about Mm$$ and holding long term and that WL will make us quite RICH long term! Patience and thought will be our allies there! Copper Mountain looks to be a good stock too imo! And there indeed may be a connection between Copper Mtn. And Mmt$!!
Thanks jkm1 for covering all our bases! Lol! You are great!!!
LOL We will see. I am just covering all the bases.
Does Copper Mtn. Have anything to do with Ttx$ or Mmt$? I saw on Ttx$ board that their web site 'accidentally' mentions Copper Mtn! Accident or not???
New chileian connnection.
Copper Mountain Mini (CUM)
4.04 ? 0.01 (0.25%)
Volume: 69,100 @ 3:59:54 PM ET
Bid Ask Day's Range
4.02 4.06 3.98 - 4.08
TSE:CUM Detailed Quote Wiki
Marin Katusa is a guest on Industry Watch with Al Korelin. CUM is mentioned! Watch the video here
Copper Mountain Mini (CUM)
4.11 ? -0.16 (-3.75%)
Volume: 230,900 @ 4:00:00 PM ET
Bid Ask Day's Range
4.1 4.12 4.04 - 4.17
TSE:CUM Detailed Quote Wiki
Copper Mountain Mini (CUM)
5.11 ? 0.11 (2.20%)
Volume: 678,300 @ 4:00:00 PM ET
Bid Ask Day's Range
5.08 5.12 5.01 - 5.16
TSE:CUM Detailed Quote Wiki
Copper Mountain announces fourth quarter 2011 production results and gives guidance for 2012 production
Web Site: www.CuMtn.com
TSX: CUM
VANCOUVER, Jan. 30, 2012 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces production results for the fourth quarter of 2011 from the newly opened Copper Mountain mine located in southern British Columbia.
The mine produced 22.2 million pounds of copper, 7,800 ounces of gold, and 161,800 ounces of silver during the four months of operations in 2011. Since start up of production in September 2011 the mine has continued to make one shipment of concentrate per month to the smelters in Japan. As of December 31, 2011 the mine completed a total of four shipments containing approximately 17.4 million pounds of copper and precious metals generating an estimated $80 million in gross revenue. On the last day of the year of 2011, the mill treated 35,500 tonnes of ore and achieved in excess of design capacity of 35,000 TPD. However, this rate has not yet been achieved on a consistent basis as mill throughput continues to be limited due to start-up electrical and mechanical interruptions that have affected the operating time. Mill throughput was initially limited to approximately 20,000 to 25,000 tonnes per day because of grate openings in the SAG mill that were too small. New modified thicker grates with increased strength and larger openings were ordered and installed by mid December. These new grates provided an increase in throughput to the designed level and the Company believes this limiting factor appears to be resolved. Operational challenges have continued in the mill, but the Company is optimistic that a 35,000 tonnes per day capacity is achievable on a consistent basis.
Mining activities continue at the rate of approximately 140,000 tonnes per day. The Company's new mining equipment fleet consists of two Komatsu PC 8000 hydraulic shovels, thirteen - 240 ton capacity haul trucks, a Komatsu WA 1200 loader, two Komatsu D375 dozers, and two Caterpillar 16 G graders. In addition, the Company recently purchased 5 used 260 ton haul trucks, a Hitachi EX5500 Hydraulic Shovel with a 27 m3 (35.5 cubic yard) bucket, a Pit Viper 351 Drill, and a Komatsu D375 dozer. The recently acquired equipment will be operational by mid March 2012 and will allow the Company more flexibility in staging of mining activities in the future.
As reported in the Company's third quarter earnings, preproduction mining activities started later than planned in 2010 and as a result of mobile equipment delivery delays. Consequently, the Company is behind plan in waste removal from the Pit 3 area by approximately 9.9 million tonnes. The net result is a timing change in accessing the higher grade material from the lower benches in Pit 3. What was originally scheduled to be mined in the 2012 year is now scheduled to be mined in part during 2012 and partly during 2013. The net result of the delay in getting to the higher grade material is a reduction in the average ore grade for the calendar year 2012, which is now anticipated to be approximately 0.35% Cu. Under the current mine plan the Company has deferred the mining of ore from the higher grade Oriole pit pending receipt of a mining permit for this deposit which is expected shortly.
Copper Mountain is forecasting its first year of production for 2012 from the newly opened Copper Mountain mine. Production guidance for 2012 for the mine is estimated to be 85 to 90 million pounds of copper, 25,000 to 30,000 ounces of gold, and 580,000 to 600,000 ounces of silver at a site cash cost (incl. mining, milling, maintenance, admin, and engineering) of $1.15 - $1.20 per pound of copper net of precious metal credits. (Calculated at $1500/oz Au and $28.50/oz Ag). Total cash costs (incl. site costs, smelting & refining, transportation, interest and taxes) are estimated between $1.77 - $1.82 per pound of copper net of precious metal credits.
Mining efficiencies have improved throughout 2011 and management believes further improvements are achievable in 2012. With the addition of the recently acquired equipment the Company is now reviewing its current mine plan in order to further optimize operational activities and maximize copper production. The Company has continued to experience higher than predicted precious metal grades in the ore being processed. The Company is reviewing the precious metal relationship with copper and will incorporate new information into its review of its current mine plan.
About Copper Mountain Mining Corporation:
Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Mine. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia. The Copper Mountain Mine has a current resource of approximately 5 billion pounds of copper and recently commenced production. Additional information is available on the Company's new web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Jim O'Rourke"
Jim O'Rourke, P.Eng.
Chief Executive Officer
Copper Mountain Mini (CUM)
4.69 ? -0.08 (-1.68%)
Volume: 267,500 @ 11:29:59 AM ET
Bid Ask Day's Range
4.68 4.69 4.6 - 4.75
TSE:CUM Detailed Quote Wiki
COPPER MOUNTAIN ANNOUNCES THIRD QUARTER 2011 RESULTS
http://www.istockanalyst.com/business/news/5542890/copper-mountain-announces-third-quarter-2011-results
Copper Mountain Mini (CUM)
5.42 ? 0.04 (0.74%)
Volume: 398,300 @ 4:00:00 PM ET
Bid Ask Day's Range
5.38 5.42 5.26 - 5.47
TSE:CUM Detailed Quote Wiki
Copper Mountain Mini (CUM)
6.87 ? 0.41 (6.35%)
Volume: 520,400 @ 4:00:00 PM ET
Bid Ask Day's Range
6.83 6.87 6.46 - 6.91
TSE:CUM Detailed Quote
Copper Mountain Mining Officially opens
http://www.bclocalnews.com/okanagan_similkameen/similkameenspotlight/news/128286203.html
COPPER MOUNTAIN AMENDS STOCK OPTION PLAN
http://www.cnxmarketlink.com/en/releases/archive/June2011/14/c5918.html
VANCOUVER, June 14, 2011 /CNW/ - Copper Mountain Mining Corporation (TSX:
CUM) (the "Company" or "Copper Mountain") announces that the board of
directors has approved two amendments to the Stock Option Plan (the "Plan") of
the Corporation with the approval of the Toronto Stock Exchange to address ISS
Proxy Advisory Services concerns with the Company's Plan. The first provides
that any grant of options under the Plan to any non-executive director in any
one year cannot exceed $100,000 determined by the Black Scholes method. The
second amendment limits the ability of the Corporation to amend the Plan or
any Option without shareholder approval to the following specified items: (i)
to amend typographical, clerical and gramamatical errors; (ii) to reflect
changes to applicable securities laws; (iii) to change the termination
provisions of Options or the Plan which do not entail an extension beyond the
original expiry date; (iv) to include the addition of a cashless feature,
payable in cash or securities, which provide for a full deduction of the
number of underlying securities from the Plan reserve; and (v) to ensure that
the Options granted under the Plan will comply with any provision respecting
the income tax and other laws in force in any country or jurisdiction of which
an Option holder to whom an Option has been granted may from time to time be
resident or a citizen. The Corporation is seeking the approval of
shareholders at its annual and special general meeting of June 23, 2011, to an
increase in the number of common shares reserved for issuance under the Plan
from "5,500,000" to "7,500,000" to ensure the Company has sufficient room in
its option plan to incentivize employees for performance and future growth.
About Copper Mountain Mining Corporation: Copper Mountain is a Canadian
resource company managed by an experienced team of professionals with a solid
track record of exploration and development success. The Company's shares
trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain
owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain
Project. The 18,000 acre mine site is located 20 km south of the town of
Princeton in southern British Columbia. The Copper Mountain Project has a
current resource of approximately 5 billion pounds of copper, the Copper
Mountain Project is fully financed ($438M) and in construction and on schedule
for the mine to produce approximately 100 million pounds of copper per year by
mid 2011. Additional information is available on the Company's web page at
www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Rod Shier"
Rod Shier Chief Financial Officer
Note: This release contains forward-looking statements that involve
risks and uncertainties. These statements may differ materially from actual
future events or results. Readers are referred to the documents, filed by the
Company on SEDAR at www.sedar.com, specifically the most recent reports which
identify important risk factors that could cause actual results to differ from
those contained in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or to
release publicly any revisions to any forward-looking statement.
To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/June2011/14/c5918.html
-30-
/For further information:
Galina Meleger, Corporate Communications 604 682 2992 ext. 224
Email: Galina.meleger@CuMtn.com or Website: www.CuMtn.com
/
More on this organization
COPPER MOUNTAIN MINING CORPORATION
NEWS RELEASES NEWS RELEASES (77)
QUOTES AND CHARTS: CUM.(TSX)
Copper Mountain Mine Processes First Ore
http://finance.yahoo.com/news/Copper-Mountain-Mine-prnews-3611350143.html?x=0&.v=16
Copper Mountain Processes it's first Ore
Copper Mountain Mining Corporation (TSX: CUM) (the “Company” or “Copper Mountain”) is pleased to announce that construction of the processing plant is
complete and on scheduled for June 2011 production from the Copper
Mountain Mine. Mining is proceeding as planned and has been delivering
ore to the primary crusher since mid April. The Company has been stock
piling ore as part of preproduction mining activities. The coarse ore
stock pile at the mill has in excess of 190,000 tonnes of mill feed
that has been crushed in the Company’s new primary crusher. On May 28,
2011 the commissioning of the mill was started with the first ore being
processed. With the mechanical equipment adjustments completed,
production commenced on June 4, 2011. The start up has gone smoothly
and it is anticipated that full production will be achieved by mid
June.
Following the receipt of our production permit on April 1, 2010, our
contractors, suppliers, and our operating team have preformed an
outstanding job in completing all the challenges for our planned June
2011 production start. The processing plant and related facilities are
all functioning well and meeting our expectations.
CLICK HERE TO SEE THE PROCESSING EQUIPMENT IN ACTION!
The Official Mine Opening Ceremony will be held in mid August 2011,
details will be announced in the near future.
Copper Mountain Mining Corporation will hold its annual general meeting
of shareholders on Thursday June 23rd at 2:00 pm at the Terminal City Club, Presidents Room, 837 Hastings
Street, Vancouver BC. Please RSVP, as space is limited to galina@cumtn.com
Copper Mountain Mini (CUM)
6.46 ? 0.23 (3.69%)
Volume: 479,463 @ 4:00:01 PM ET
Bid Ask Day's Range
6.45 6.46 6.12 - 6.48
TSE:CUM Detailed Quote
VANCOUVER, April 20 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces that construction work on the Company's Copper Mountain Project is nearing completion. The Company has now commissioned the new primary crusher and overland conveyor system. Over the past weekend the Company crushed ore which was conveyed to the coarse ore stockpile in preparation of the concentrator start up. The project continues to proceed on schedule and as planned with construction expected to be completed by the end of April 2011, commissioning of equipment is scheduled to occur during May 2011, and full production is scheduled to be achieved by the end of June 2011.
The first ore was delivered to the primary crusher over the past weekend and everything went as planned. The Company has been stock piling ore as part of preproduction mining activities. With commissioning of the primary crusher complete, the Company is able to build its crushed ore stock pile in preparation for start up of the concentrator.
Assembly of the second PC 8000 hydraulic shovel has been completed and is being put into service. The two PC 8000 shovels are the main loading units for the mine. A total of 12 out of 13 (240 ton) haul trucks have been assembled and commissioned and are now in operation, with the final 13th haul truck to be assembled by the end of the month.
The PC 8000 shovel's are performing as expected and are loading the 240 ton trucks to meet our planned mining rate of 160,000 tonnes per day. Pre-production mining activities commenced in the Pit 3 area with the first PC 8000 unit on the western wall and now the second PC 8000 is in operation on the eastern wall push-back.
Construction activities within the concentrator are well advanced with most of the work being directed at completion of piping and electrical tasks. Installation of the grinding mills is progressing as planned with pressure testing of hydraulic lube lines and the installation of the SAG liners. The grinding mills are expected to be ready for testing by the end of April. A commissioning team has been established for testing the plant equipment as it is completed by the contractor. The project currently has 520 workers on site, of which 240 are Copper Mountain personnel and the rest associated with the construction activities. At full production, the project will employ 271 personnel.
About Copper Mountain Mining Corporation:
Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Project. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia. The Copper Mountain Project has a current resource of approximately 5 billion pounds of copper, the Copper Mountain Project is fully financed ($438M) and in construction. The project is on schedule for the mine to produce approximately 100 million pounds of copper per starting June 2011. Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
Copper Mountain Mini (CUM)
8.03 ? 0.24 (3.08%)
Volume: 1,144,208 @ 4:00:00 PM ET
Bid Ask Day's Range
8.01 8.03 7.84 - 8.12
TSE:CUM Detailed Quote
Copper Mountain Mining Target Raised To C$8.45 From C$7.50 By Scotia
Still way too low of a target.
Chart is setting up perfectly. Every dip over the past year has been mean with strong buying. Consistent higher highs and higher lows. Getting closer and closer to production. Could make an easy move to the 12-15 range. We might have a slight consolidation of the chart before the next leg up. A handful of updates of construction should continue to lend support for the advance higher.
Drilling below Pit 2 intersects 127.5m grading 1.01% Cu, 2.38g/t Ag and 0.25g/t Au
http://newsblaze.com/story/2011032905311200019.pnw/topstory.html
unfortunately not on my side of the boarder.
Full on breakout. Solid move
Volume is pretty strong today. Looks like we might get near all time record volume and dollar amounts traded.
If the volume would pick up I would open a trading position here but volume needs to increase.
Whats interesting is how low the multiples are that people place on this stock once it actually hits production. A 10X PE would give us around a 20-25 dollar stock. The ride could get bumpy as production gets nearer. Usually there are some startup snags when getting that equipment going. BUt that is why they assumed a "start" of production by June 1 and "full" production by June 31. I went all in at around 2.00 and havent sold a share so this thing gets very very bumpy on volatile days.
Agree in the short term. Once production starts this will be a stock everyone will be wanting and with only 96 million shares watch out. $10 will be peanuts.
As we approach the technical levels associated with the secondary and as well as the all time high set a few months ago we could make a quick move to 10.
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Business Description:
The Company owns 100% of Similco Mines Ltd
which holds the mineral claims and crown grants
over the 18,000 acre site.
Address:
800 West Pender Street, Suite 550,
Vancouver, BC, CA V6C 2V6
Telephone:
(604) 689-0489
Website:
http://www.cumtn.com
Facsimile:
(604) 681-5910
Email:
rod@CuMtn.com
British Columbia Mining
Useful PM related sites: http://www.24hgold.com/ http://www.jsmineset.com/ http://www.marketwatch.com/ http://www.mineweb.com/ http://www.gold-eagle.com/ http://www.kitco.com/ http://www.usagold.com/ http://www.usagold.com/amk/usagoldmarketupdate.html http://www.GoldSeek.com/ http://www.GoldReview.com/ http://www.capitalupdates.com/ http://www.dailyreckoning.com/ http://www.goldenbar.com/ http://www.silver-investor.com/ http://www.thebulliondesk.com/ http://www.sharelynx.com/ http://www.mininglife.com/ http://www.financialsense.com/ http://www.fgmr.com/ http://www.goldensextant.com/ http://www.goldismoney.info/index.html http://www.howestreet.com/ http://www.depression2.tv/ http://www.un-debt.net/ http://www.minersmanual.com/minernews.html http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html http://www.goldcolony.com/ http://www.miningstocks.com/ http://www.mineralstox.com/ http://www.freemarketnews.com/ http://www.321gold.com/ http://www.silverseek.com/ http://www.investmentrarities.com/ http://www.kereport.com/ (Korelin Business Report -- audio) http://www.plata.com.mx/plata/home.htm (in Spanish) http://www.plata.com.mx/plata/plata/english.htm (in English) http://www.resourceinvestor.com/ http://www.miningmx.com/ http://www.prudentbear.com/ http://www.dollarcollapse.com/ http://www.kitcocasey.com/ http://000999.forumactif.com/ http://www.golddrivers.com/ http://www.goldpennystocks.com/ http://www.oroyfinanzas.com/ http://www.goldcore.com/ http://coininfo.com/ http://www.insidegold.com/ http://www.goldmau.com/ http://www.milesfranklin.com/ http://www.silverminers.com/ http://www.gold-speculator.com/ http://bullion.nwtmint.com/ http://www.preciousmetalsmonthly.com/ http://www.silverstockreport.com/ http://www.longwavegroup.com/ http://theaureport.com/
Subscription sites:
http://www.lemetropolecafe.com/ http://www.marketforceanalysis.com/ http://www.hsletter.com/ http://www.interventionalanalysis.com/ http://www.investmentindicators.com/ http://www.caseyresearch.com/ http://www.deepcaster.com/ http://www.vrtrader.net/
Eagle Ranch discussion site:
http://os2eagle.net/SSL/phpentry.php
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
Conspiracy World: A Truthteller's Compendium of Eye-Opening Revelations and Forbidden Knowledge
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