Re: Mining sector news
in response to
by
posted on
Oct 12, 2015 10:11AM
Combining Classic Mineral Exploration with State of the Art Technology
Wes, this is not bad news for the sector, in my opinion. Note the offers were "unsolicited", appearing in my opinion, because Glencore may be having structural problems, or wants the market to think that.
Below is a chart showing world estimated resources of various commodities. Antimony, lead, zinc and silver are the most critical, and in that order. Indium, gold and copper are further down the list. [... and from it's beginnings, zinc has been the focus of Glencore.]
I see from this news that the possible sales by Glencore do not involve what are primarily zinc mines. Meanwhile, metals prices appear to remain on an upward trajectory, as recently shared information predicted here.
http://www.visualcapitalist.com/forecast-when-well-run-out-of-each-metal/
Back on the zinc subject, here's a map of past and present producers in Cochise County, AZ, Hay Mountain being in a blank spot a little SSE of Tombstone. Other pages at this site can be explored for similar information on other types of mines, for those who may be interested.
http://www.us-mining.com/arizona/cochise-county/zinc-mines
As an aside, and in regards to indium...
http://arizonageology.blogspot.com/2013/08/rare-earth-element-indium-reported-in.html
VP