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Market: TSX
Sector: General Mining
Epic: TSX:CUM
News: Latest news
Web Site: Copper Mountain Mining Corp
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Friday July 03, 10:01Commercial property: The contrarian view

The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.

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Friday July 03, 05:05White Canyon Uranium CEO to progress production at Daneros Uranium Mine in 2009

The company has a new Managing Director and CEO - Peter Batten - as of this week. The Daneros Mine has recently received its Permit to Mine in Utah - with production expected in 2009.

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Copper Mountain Mining Corp

Copper Mountain Mining Corp

Copper Mountain Mining Corp. owns 100% of the Similco Mine in southern British Columbia. The Company recently completed an independent feasibility study that confirmed the viability of restarting this past open pit copper and precious metal producer. Development is based on the construction of a new 35,000 tonne per day concentrator to produce approximately 100 million pounds of copper per year in a copper concentrate with gold and silver credits by the end of 2010.

The mine resource includes a Measured and Indicated Mineral Resource of 186 million tons averaging 0.411% copper containing 1.5 billion pounds copper and an Inferred Resource of 92 million tons averaging 0.344% copper containing 0.6 billion pounds copper.

Monday, December 01, 2008

Mitsubishi Minerals stumps up $28.75 million to Copper Mountain Mining

Copper Mountain Mining Corporation announced that Mitsubishi Materials Corporation will advance up to C$28.75 million by way of a bridge-loan to Similco Mines, a wholly-owned subsidiary of Copper Mountain Mining.  Mitsubishi Materials is the world's largest diversified materials companies, with interests in smelting, refining, fabricated metals and electric components, to name just a few.

Similco in turn owns of the historic Similco mine, which Copper Mountain Mining is planning to put back into production. Copper Mountain said the funds would be used for the "development activities" required to achieve a planned production start of late 2010.

Mr. O'Rourke, Chief Executive Officer of the Company stated: "I am extremely pleased that Mitsubishi agrees to help us develop this Project by the bridge-loan in a very challenging financial time. Despite the current economic turbulence, we have added confidence that the project will be developed within the budget and schedule. We are taking a long term positive view on the price of copper and expect an improvement in the global economic situation by 2011 when the mine is scheduled to be operating."

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