Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Industrial Metals & Minerals

Oroco Resource Corp. is a Canadian mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in Mexico. It holds a net 85.5% interest in those central concessions that comprise 1,173 hectares (ha) (the Core Concessions) of The Santo Tomas Project, located in northwestern Mexico. It also holds an 80% interest in an additional 7,861 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated copper and molybdenum sulphides with significant gold and silver credits. Its Xochipala Property is comprised of the Celia Gene (100 ha) and the contiguous Celia Generosa (93 ha) concessions. Its Salvador Property is a 100-hectare mining concession, which lies around 25 kilometers (kms) to the west of the Xochipala Property and 30 kms west of Chilpancingo, Guerrero.

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Oroco Resource Corp

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Post by thereaderon Feb 25, 2020 7:08pm

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OCO in the German press

Copper before massive supply deficit

Base MetalsCopper Copper Production Nickel Cobalt Copper Demand Oroco Resource

February 25, 2020

The Financial Times recently looked at the impact of the energy transition on industrial metals, citing Wood Mackenzie's analysts. These predict that a whopping $ 240 billion will have to be invested in raw material production in the next five years to meet the requirements of the energy transition. In addition to cobalt and nickel, which could already be exposed to a supply crisis in the mid-1920s, the newspaper also mentions copper .

Charging stations for electric cars contain up to 80 kilograms of copper

The industrial metal has been characterized primarily by volatile price movements in recent months. The price curve is still the yardstick for global economic expectations. If adversity threatens, the short-term copper price reacts immediately. Despite these glitches, investors should be aware of the market situation. As the Financial Times writes, global copper consumption could grow by 250 percent by 2030. The reason: In the young decade, up to 20 million charging stations for electric vehicles could be created worldwide. Each uses between fifty and eighty kilograms of copper.

Strict environmental regulations make raw material production more expensive

In view of these figures, action seems imperative. Almost no new deposits have been discovered in recent years. As reported by Standard & Poor's analysts, not a single new deposit has been discovered in the past three years. After all, there were three new copper deposits in five years' time. For comparison: In the twenty-five years before, at least three new copper deposits were discovered every year.

The small number of new copper deposits and the expected strong increase in demand hit the mining industry in the midst of a revolution: mining laws are tightened worldwide and adapted to the requirements of environmental standards. This increases the costs of exploration and production for raw material companies in the short term and is likely to result in rising prices in the medium term. It is only when the price of copper has risen and mining is worthwhile under current conditions that industry can counteract the impending market imbalance.

Large copper projects with a good future

One of the profiteers could be the Canadian company Oroco Resources (TSX-V: OCO; WKN: A0Q2HB; ISIN: CA6870331007)be operating in Mexico. The Santo Toms project is located in a historic copper mining area, has good infrastructure and is in prominent company: The Bahuerachi property, which was taken over by the Chinese Jinchuan Group for more than $ 200 million, is only fourteen kilometers away has been. In 2020, Oroco Resources plans to expand confirmed occurrences of historical analysis and create a current resource estimate. If the company succeeds in reaching a critical size, Oroco itself could also become a takeover target. Analysts attest large-scale copper projects with good key data in view of the turnaround in mobility today.

https://www.miningscout.de/blog/2020/02/25/kupfer-vor-massivem-angebotsdefizit/