Sierra Resource Group Inc. (fka SIRG)

[lmcat]

Copper prices move with world economic news and that has not been good this year.
But many governments are starting to create problems for mining companies and there will be a slowdown resulting in much lower production, creating shortages and that means higher prices.

SIRG will not have that problem and over the next 10 years copper prices will rise.

JUST READ THESE ARTICLES!

Argentina Mining Companies Hit Brakes As Government Rattles Nerves
Published June 01, 2012
Dow Jones Newswires
BUENOS AIRES – After years of surging investment and exploration by mining companies in Argentina, the industry is grinding to a halt due to government policies have made the business climate less hospitable than the Andean peaks many of the companies target.

Read more: http://www.foxbusiness.com/news/2012/06/01/argentina-mining-companies-hit-brakes-as-government-rattles-nerves/#ixzz1wfhZDBZ9

Chile’s mining future jeopardized by delay in Patagonia $7 billion dam project
Chile, the top copper producer in the world, will not be able to keep mining for the red metal, gold and other minerals if the country doesn’t find a solution to the pressing energy needs, experts believe.

http://www.mining.com/2012/06/01/chiles-mining-future-jeopardized-by-delay-in-patagonia-7-billion-dam-project/?utm_source=digest-en-mining-120601&utm_medium=email&utm_campaign=digest
Cecilia Jamasmie | June 1, 2012

Arizona-based Freeport lowers copper production estimate

March 15, 2012 1:05 pm
PHOENIX — Freeport-McMoRan Copper & Gold Inc. today lowered its first-quarter production estimates after violence among workers halted operations at its Indonesian mine for more than two weeks.

The mining company, based in Phoenix, said that it has begun the process to restart the Grasberg mine in eastern Indonesia but that full production isn't expected to occur until the second quarter.

http://azstarnet.com/business/local/arizona-based-freeport-lowers-copper-production-estimate/article_dc770bb6-6ed4-11e1-892a-001871e3ce6c.html

There will be copper shortages due to environmental and other government problems along with worker strikes.