Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s): ABCFF

Metals & Mining Industrial Metals & Minerals

Abacus Mining & Exploration Corporation is a Canada-based mineral exploration and mine development company focused on copper and gold in British Columbia (B.C.) and Nevada. The Company’s main asset is a 20% ownership interest, together with KGHM Polska Miedz S.A. (80%), in the proposed copper-gold Ajax Mine located southwest of Kamloops, B.C., which has undergone a joint provincial and federal environmental assessment process. The Ajax Project comprises eight Crown grants, including the Ajax East and West pits. The Company is also engaged in the process of acquiring a 100% interest in the Willow copper-gold property located near Yerington, Nevada, and it also controls the contiguous Nev-Lorraine claims subject to a ten-year lease agreement. The Willow property is located approximately 65 kilometers southeast of Reno and approximately 13-kilometer due west of Yerington, Nevada, in the Buckskin Mountain Range. Its porphyry copper deposits are Yerington, Ann Mason, Bear and MacArthur.

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Abacus Mining and Exploration Corp

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Post by goldylocks1on Oct 21, 2011 12:54pm

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Post# 19170577

KGHM

I read a headline that KGHM plans on buying a Canadian Copper Miner in Nov. Do you think KGHM buying all of AME would be a consideration or do you think they plan on buying a totally seperate miner?

The story didn't have much info so I'm guessing that they just got this info from a speech from the CEO or something.

LUBIN, Poland (Reuters) - Poland's copper miner KGHM expects to bid for a Canadian mining company at beginning of November, KGHM's Chief Executive Herbert Wirth told reporters on Thursday.

Wirth added KGHM will finance the takeover with its own cash.

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