Articles Tagged "Copper Company News"

Aston Bay Holdings Issues Shortfall Shares, Proposes Strategic Deal for Drilling Equipment

Copper – Aston Bay Holdings Ltd. (TSXV:BAY) has signed a memorandum of understanding with Lyncorp International Ltd., which is 100% owned by David Mullen, to purchase four Christensen CS10 Core Drills with all associated equipment in addition to other equipment. The closing of the deal will be subject to, among other things, confirmation that the title to the equipment is in good standing, and the receipt of an appraisal for the equipment.

Augusta Resource Faces Bidding War

Copper – Tuscon News Now reported yesterday that Augusta Resource Corp. (TSX:AZC), owner of the Rosemont Copper mine in the Santa Rita Mountains in Arizona, is facing a buyout from 10 outside firms, including Hudbay Minerals (TSX:HBM). Directors of Augusta have not provided details of the bids due to confidentiality agreements.

Congo’s Gecamines to Increase Copper Production by 46%

Copper – Bloomberg reported today that Gecamines, the Democratic Republic of Congo’s state mining company, is planning growth in copper production this year as it looks for funding for new projects. The company is also looking for financing for its 100% owned Deziwa and Ecaille C mining concessions,m according to Bloomberg.