Copper Mountain Mining on the Verge of Acquiring Australian Altona Mining
Copper Mountain Mining Corp. is a Canada-based mining company. Its flagship asset is the Copper Mountain mine.
This is a 18,000 acre site with a large resource of copper. Because of the significant exploration potential, the company intends to explore it in the next few years to fully appreciate that potential.
The Partnership with Mitsubishi Materials Corporation
The Copper Mountain Mine produces about 100 million pounds of copper equivalent per year, including significant gold and silver credits. So, the company developed a strategic alliance with Mitsubishi Materials Corporation, which owns 25% of the mine.
As a result of that partnership, all the production is shipped to Japan for smelting in one of Mitsubishi’s copper smelters.
A Privileged Location
Copper Mountain Mine is located about 20 km south of Princeton, British Columbia and 300 km east of the port of Vancouver.
This is a very privileged location with well–developed infrastructure. Accessible by a combination of highways and paved roads, the proximity to the port of Vancouver eases the shipment of copper concentrates.
In addition, the mine is a 20–minute drive from local communities that provide goods, services and personnel.
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