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11/2/10

Copper story stolen from Scotia Daily Mining Scoop

They stole from DJNW, IKN steals from them. Why? Because it's interesting stuff. so read on, kind lector:

- Interesting Article on China wanting to be 30% self-sufficient in copper production by 2015:  They are looking to consolidate the smelting business to 3 or 4 strong players and will encourage miners to step up mineral exploration in China especially around old mines and surrounding areas.  Beijing wants Chinese copper producers to “expedite investment and cooperation in overseas markets such as South America to ensure stabe supply from overseas”.  Scotia Mining sales believes Norsemont’s Constancia project in Peru (ticker NOM-CN, not covered) which is on the verge of getting fully permitted for construction and awaits an updated feasibility which management believes could double NAV to over $1B is the logical target for a Chinese producer.