Proactiveinvestors recommends
Additional Information
Market:ASX
Sector:General Mining
EPIC:CYU
Latest Price: 0.14  (-6.67% Descending)
52-week High:0.26
52-week Low:0.14
Market Cap:24.27M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Chinalco Yunnan Copper Australia

Chinalco Yunnan Copper Resources (ASX: CYU) explores and develops minerals in Australia, Chile and Laos.

Pdf

China Yunnan Copper Australia acquires 51% in Yunnan Copper Sanmu Mining

Thursday, February 03, 2011
China Yunnan Copper Australia acquires 51% in Yunnan Copper Sanmu Mining

China Yunnan Copper Australia (ASX: CYU) is increasing its exposure to near development copper silver projects with the 51% acquisition of Yunnan Copper Sanmu Mining.

Yunnan Copper Sanmu Mining is a Chinese registered company with projects in northern Laos.

Importantly with these projects, they are within a transport distance of existing processing centres in the southern Yunnan Province of China.

Consideration will include A$2.8 million in three equal payments over a twelve month period, following final approvals.

In other China Yunnan news, an agreement has been signed with Yunnan Copper Mineral Resources Exploration and Development (YEX) for a joint venture on the Cloncurry North projects.

The farm-in provides the opportunity for YEX of earning up to a 55%, and potentially higher interest under standard dilution formulas.

China Yunnan said that it will now focus its funds on the Rare Earth Element Copper Exploration Program currently being completed on the Mary Kathleen joint venture.

 

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.