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Market: TSX
Sector: General Mining
Epic: TSX:ML
News: Latest news
Web Site: Mercator Minerals
Other Articles: 02-10-200915-05-200909-03-2009

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Sunday March 14, 05:46China's growth boosting commodity prices

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Mercator Minerals

Mercator Minerals

Mercator Minerals is a copper producer that owns and operates the Mineral Park copper/molybdenum mine in Arizona, with a corporate strategy focused on maximizing the production potential.

At full capacity, the Mineral Park mine average annual production during the first 10 years is forecast to be approximately 56.4 million pounds of copper, 10.3 million pounds of molybdenum and 0.6 million ounces of silver.

Monday, January 05, 2009

Mercator Minerals Ships First Copper Concentrate

Mercator Minerals (TSX:ML) confirmed that it has commenced shipping copper concentrates from its newly expanded Mineral Park Mine in Arizona.

The shipping of concentrates from the Mineral Park Mine completes the development phase of the project, with emphasis now moving to ramping up production.   Mercator has an off-take agreement with MRI Trading AG of Switzerland to deliver its concentrate to the Port of Guyamas in Mexico.

 Mike Surratt, President & CEO said the company was now focused on maximizing the efficiency of the plant: "With the successful start-up of the copper-molybdenum mill facility and the first shipment of copper concentrates, Mercator has completed the development of the first phase of its expanded Mineral Park Mine. We are now focused on maximizing the operational efficiency of the process plant." Surratt concludes, "We are very pleased with the way this major project has been developed, despite the many challenges that faced the industry during the last few months, in such a short period of time. An outstanding management team, supported by a strong group of contractors and sub-contractors, has brought this major construction project to a successful conclusion with the commencement of copper and molybdenum production."

Shares in Mercator Minerals bounced 18% to 65 pence per share, but are still well off their 12 month high of almost $13.00 per share.   Third quarter results from the company, released in November, reported that copper production for the three months to September 30, 2008 was approximately 2.73 million pounds and revenues were $8.9 million.

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