Teck Resources and Antofagasta Deny Merger Talks

Teck Resources and Antofagasta Deny Merger Talks

Following a Bloomberg report put out Monday suggesting that Teck Resources and Antofagasta were in talks regarding a merger, both companies have put out press releases denying that claim. The article from Bloomberg stated that Teck and Antofagasta had conducted early-stage talks, although it noted that the miners both said they were not currently in negotiations.

Morgan Stanley Copper Price Outlook

The copper price has started to bounce back from its drastic fall at the start of the year, climbing more than 6 percent over the past month.

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Videos

Gianni Kovacevic Likes ‘Green’ Commodities

Resource Investing News was able to chat with Gianni Kovacevic, a speaker at VRIC, about his outlook for the copper market. Kovacevic, chairman of Copperbank Resources, authored the book My Electrician Drives a Porsche? last year.

Elmer Stewart of Copper Fox Metals: Van Dyke Still Has Room to Grow

Elmer Stewart, CEO of Copper Fox Metals, discussed his company's projects with Resource Investing News at VRIC. Specifically, Stewart touched on the recently released initial resource estimate for the company's potential in-situ Van Dyke copper project in Arizona, noting that the deposit remains open for expansion.

Company News

Quaterra Resources Reports Year-End Financial Results

Quaterra Resources Reports Year-End Financial Results

Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) reported its financial results for 2014. The company noted that it continues to focus on its assets in the Yerington copper district, and has sold its non-Yerington assets with proceeds to be used in support of its Yerington projects.

Copper Fox Metals Reports Net Gain in First Quarter Results

Copper Fox Metals Reports Net Gain in First Quarter Results

Copper Fox Metals Inc. (TSXV:CUU) announced a net gain of $509,648 in its 2015 first quarter operating and financial results. The company also reported $204,572 in expenditures was incurred as a result of furthering the development of its Van Dyke copper project in Arizona. As quoted in the press release: The Company had working capital of $5,578,680, an accumulated deficit of $17,680,805 and comprehensive income of $509,648 for the three months ended January 31, 2015. As at January 31, 2015, the Company's cash and cash equivalents totaled $1.3 million. The balance of working capital included funds owing from the BCMETC (Federal Government) in the amount of $4.4 million, of this total 3.5 million was received on March 12, 2015. Fixed costs to maintain operations, pay taxes and upkeep on the Arizona properties are approximately $220,000 per annum; including an annual payment to Silver Nickel for Sombrero Butte of approximately $147,000 CDN. Total corporate and general costs were approximately $1,200,000 in 2013 and 2014. Highlights include:

Entrée Gold Posts Corporate and Financial Results from Fiscal Year 2014

Entrée Gold Posts Corporate and Financial Results from Fiscal Year 2014

Entrée Gold Inc. (TSX:ETG) reported corporate and financial results from fiscal year 2014. As of December 31, 2014, Entree has a working capital of $32,603,711, including cash of $33,517,096. Started in August 2014 and completed in January 2015, the Company conducted an infill drilling at the Ann Mason project in Nevada, aimed to upgrade the current NI 43-101 Inferred and Indicated resource to Measured and Indicated categories. At the Oyu Tolgoi project in Mongolia, Turquoise Hill recently announced that it continues to work with Rio Tinto and the Government of Mongolia to resolve OTLLC shareholder matters

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Company Videos

Montan Mining CEO Ian Graham Targets Cashflow in 2016

Montan Mining (TSXV:MNY) commenced trading on the TSX Venture Exchange today. The Company is focused on advancing the 26-sq-km Alicia Project in southern Peru which has high-grade copper potential. CEO Ian Graham spoke to the Investing News Network at the 2015 PDAC conference in Toronto and said, "we'll be looking to take our company into near-term cashflow."

Revelo Resources CEO Says Expect Further Acquisitions and Exploration in 2015

Revelo Resources Corp. (TSXV:RVL) President & CEO, Timothy Beale, spoke to Resource Investing News at the Vancouver Resource Investment Conference 2015 about his recently formed company, which was born out of the merger between Iron Creek Capital Corp. and Polar Star Mining.

Western Copper and Gold: A Look Back at 2014

Western Copper and Gold Corporation (TSX:WRN,NYSEMKT:WRN) CEO Paul West-Sells spoke about 2014’s big year in copper market mergers & acquisitions. He says, “People are pretty comfortable with copper… Copper is still seen as a very good play going into the future”.

Market News

Copper Touches 2-Month High

Bloomberg reported that copper prices rose to a two-month high as heavy rains in Chile closed copper mines in the world’s biggest producer of the metal.

Copper PriceDips Following Two Month High

Copper on the London Metal Exchange fell 0.7 percent on Wednesday to $6,100 a tonne, according to Reuters. The dip comes after the metal reached two-months highs the previous session.

Copper Price Rises on Weaker Dollar

Copper prices rose to their highest point since January as the weakened dollar encouraged investors with foreign currencies to purchase the metal. Prices climbed 1.2 percent and closed at $6,120 a tonne on the London Metals Exchange, according to Reuters.

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