Any company with pure copper mining that is currently producing?
Cheers
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Any company with pure copper mining that is currently producing?
Cheers
Interesting question, doc.
I'm no expert but at first glance it seems that there's no really strong mainly Cu producer since MIM got bought by Xstrata and OZL's recent problems. The big internationals like BHP, Xstrata, Freeport (?) seem to have the best Aust copper these days.
Minnows like Compass, CopperCo and Matrix are all in trouble.
Don't overlook the likes of nickel miners like PAN and MCR who produce a respectable amount of Cu ( and cobalt ). MCR also have a very prospective copper resource in the Tottenham Project - not producing as yet.
Thanks.
I will do more research into it. Copper seems to be on the move. Dont know if it is sustainable. China stockpiling again.
Check out EQN, meant to be scaling up production to 150kt of Copper.
Plus some Uranium to boot, all in Zambia (sovereign risk?)
http://www.stocknessmonster.com/news...E=ASX&N=434589
AAX did alot of the work for them, if you want more reading ;)
PS, I'm with Biker, i like PNA for the Gold & Silver as well.
Nice to see the LME copper warehouse stocks level start dropping for the first time in about 6 months. May not mean much but at least a break in the exponential rate of storage!
Bought a few more PNA today at 16.5. Dribble buying with a long term view. May be a bit of weakness for a while as SPP buyers take a small profit, or J BE WARE flog off some of their refinancing rort.
And a bit of good news last night with world's biggest copper producer, Freeport-McMoRan up 12% in the US.
And a nice wee up-tick in the copper price.
I have exposure to Copper and Gold with my holding in IRN. :)
I want to invest more in resource stocks. PNA looks good, but on a brief read their gold production cost is too high and will not be profitable if price goes below $850. I will read more this weekend.
There must be more copper stocks out there we dont know about.
Well of course it is often mined as a co-product of gold ( and other metals) so a good place to start might be with your favourite gold stocks to see who has a strong Cu/Ag mix.
Doesn't look as if there's any obvious Aust pure copper producer left that hasn't been either bought out or has major problems?