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Capstone Copper Corp T.CS

Alternate Symbol(s):  CSCCF

Capstone Copper Corp. is a copper producer operating in the Americas. It is engaged in the production of and exploration of base metals in the United States (US), Mexico, and Chile, with a focus on copper. The Company, through a wholly owned Chilean subsidiary, Mantos Copper S.A., owns and operates the Mantos Blancos mine, located 45 kilometers (km) northeast of Antofagasta, Chile and the 70%-owned Mantoverde mine, through a subsidiary, Mantoverde S.A., located 50 km southeast of Chanaral, Chile. It owns and operates the Pinto Valley mine located in Arizona, US, Cozamin mine located in Zacatecas, Mexico, and has a portfolio of exploration properties in Mexico. It also holds the fully permitted Santo Domingo copper-iron-gold-cobalt development project in the Atacama region of Chile, 35km northeast of Mantoverde. Through Compania Minera Sierra Norte S.A., it owns 100% of Sierra Norte, an iron oxide copper gold deposit located in Chile's Atacama Region, that spans over 7,000 hectares.


TSX:CS - Post by User

Bullboard Posts
Comment by Odin55on Sep 15, 2006 2:04pm
195 Views
Post# 11369793

RE: The perfect storm ..... HVC

RE: The perfect storm ..... HVCSteelworkers vote in favour of strike at Highland Valley Copper KAMLOOPS, BC, Sept. 15 /CNW/ - Members of the United Steelworkers (USW) Local 7619 have voted overwhelmingly to go on strike against Teck Cominco's Highland Valley Copper (HVC) mine, if a new contract is not reached. The current contract expires on Sept. 30 and workers voted 99.8 per cent in favour of taking strike action to back up their negotiating committee. Local 7619 has more than 640 members and contract talks are scheduled to resume on Sept. 18 and 19. An attempt to negotiate a contract earlier this year ended when talks broke off in June. Outstanding issues include adequate wage and benefit increases, including pensions and medical benefits for retirees. While copper prices have risen by over 300 per cent in the last three years, the HVC operation produces more pounds of copper concentrate per man-hour than any mine in the world. Located near the community of Logan Lake, about 60 kilometers south of Kamloops, the HVC operation is expected to see staggering profits of over $1.5-billion in 2006. "Our members of the local union have stepped up to the plate to give their negotiating committee a strong mandate," said USW Western Canada Director Steve Hunt. "If a satisfactory settlement can't be reached, picket lines will go up at an appropriate time." Local 7619 President Richard Boyce said the union has refused to accept concessions demanded by the company. "There has never been a better time than now to negotiate good increases for workers and retirees," he said. "It's too bad that it has to take a strike vote to get Teck Cominco's attention." Boyce said that in 1999, when copper prices were down and the mine closed for four months, workers, the community, suppliers, BC Gas and BC Hydro, all pitched in to help re-activate the operation. "Now that this company is enjoying record profits, it is time that workers and the community get their fair share." In the second quarter of 2006, Teck Cominco announced profits of $613-million. "We are Teck Cominco's number one producer," said Boyce. "When you look at the success of our operation and the number of tons produced per employee and how hard we have worked, it's a no-brainer to see that this company must negotiate a fair and equitable agreement with our union." The USW represents about 288,000 men and women working in every sector of the Canadian economy.
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