Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Gold

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 > Copper price is going much higher

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Comment by CopperKing101on May 16, 2021 8:26pm

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Post# 33212094

RE:RE:RE:Copper price is going much higher

If BHP's Escondida Copper Mine goes out, we'll certainly see $5 copper.....

Strike risk rises at BHP's Chilean mines after contract rejection

May 14, 2021 7:46 PM ETBHP Group (BHP)By: Carl Surran, SA News Editor4 Comments

A union representing workers at BHP's (NYSE:BHP) Escondida and Spence copper mines in Chile has rejected the company's final wage offer, raising the risk of a strike, Reuters reports.
The union provides control services to the mines from an operations center in the Chilean capital Santiago several hundred miles away.
A key sticking point in the wage talks is the workers' demand to be considered part of the productive chain and therefore eligible for production bonuses, the union president tells Bloomberg.
Escondida, the world's largest copper deposit, produced 1.19M metric tons in 2020, while Spence produced 147K tons.
The dispute comes as copper prices have soared, providing leverage to unions after hitting decade-long highs.