Alta Copper Corp T.ATCU

Alternate Symbol(s): ATCUF

Metals & Mining Copper

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.

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Alta Copper Corp

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Post by Roundtripon Feb 22, 2009 4:36am

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Post# 15795929

China steps up acquisitions

An exerpt from a Northern Miner article:

China's state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hit by the financial crisis and poor metal prices.

Just days after Aluminum Corp. of China or Chinalco said it would invest US$19.5 billion in London-based Rio Tinto (RTP-N, RIO-L), China Minmetals Corp, a state-owned mining, metallurgical, construction and investment company, is offering to buy Australian miner Oz Minerals (OZL-A) for A$2.6 billion (US$1.7 billion). Should it get 100% ownership, the Beijing-based company has also agreed to repay OZ Minerals' A$1.2 billion debt.

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