Copper Company?

[Dr_Who]

Any company with pure copper mining that is currently producing?

Cheers

[biker]

Any company with pure copper mining that is currently producing?

Cheers

PNA, but it gets a bit of gold and silver in the process.

[biker]

Any company with pure copper mining that is currently producing?

Cheers

PNA, but it gets a bit of gold and silver in the process.

PNA up 160% since this post on 4th March

[Dr_Who]

Australian share market rises with positive Goldman report on raw materials

MINERS held the share market in positive territory this afternoon after a bullish research report on the raw materials sector.

The S&P/ASX 200 was up 4.3 points, or 0.1 per cent, to 3742.2 and the All Ordinaries was higher by 4.6 points to 3739.9.

BHP Billiton gained 0.4 per cent to $33.99, Rio Tinto added 0.4 per cent to $64.34 and Newcrest Mining advanced 2.1 per cent to $32.04 after Goldman Sachs JBWere recommended investors increase their exposure to the raw materials sector, saying the worst was over.

“It seems to us that the worst is over in terms of demand for raw materials,” Goldman analysts said in a note to clients.

“Globally, de-stocking is well advanced, and the re-stocking cycle, which is already well under way in China, will follow in other key markets. Investment interest in commodities as an asset class is regaining some momentum.

“This suggests that we have also seen the bottom of the price-cycle for base metals, and particularly for copper, which remains the most supply-constrained, and therefore our preferred, commodity for investment exposure.”

http://www.theaustralian.news.com.au...-36418,00.html

[macduffy]

More copper news, doc.
Here's a report by Macquarie Bank on the copper market.

http://www.theaustralian.news.com.au...005200,00.html

[Hoop]

Hoop has enjoyed this Copper party for the last 3 months.. ..hate it when I start seeing it in the Newspapers.

[macduffy]

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.

[Dr_Who]

Thanks.

I will do more research into it. Copper seems to be on the move. Dont know if it is sustainable. China stockpiling again.

[shasta]

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.

[biker]

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.