Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Teck is Betting On Copper

Here are a couple of excerpts from today's article...

When Teck Resources Ltd. reported its first quarter earnings in late April, its chief executive Don Lindsay emphasized that his company was focused on “green metals as they’re now called.”

Specifically, the Vancouver-based diversified mining company is touting its production of copper, a metal that’s expected to see significant demand growth as solar power, wind turbines, battery electric vehicles and various other ‘green’ technology, all of which use copper, account for an increasingly larger share of global energy.

 

“We have one of the very best copper production growth profiles in the industry and located in attractive jurisdictions,” Lindsay told analysts on April 28. “Accelerating copper growth is the cornerstone of our strategy and by growing our copper production, we rebalanced our portfolio toward what are now called ‘Green Metals’.”

And,

Even now, as QB2 is under construction, his company is working on a pre-feasibility study of QB3, a further expansion of the same copper ore body in Chile. Lindsay said it would be years still before Teck makes a decision about whether to build QB3, but that its copper projects alone could easily satisfy growth over the coming decade.

 

https://financialpost.com/commodities/energy/oil-gas/a-green-metals-company-teck-is-betting-on-copper-and-hoping-investors-dont-mind-a-side-of-coal

 

herbie1 

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