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Gold/Mining/Energy : Copper - analysis
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To: Stephen O who wrote (1335)12/13/2005 3:27:50 PM
From: TheSlowLane  Read Replies (1) of 2131
 
Copper may be approaching Hubbert's Peak
By: Dorothy Kosich

SPOKANE, WASHINGTON--(Mineweb.com) Vancouver-based mining entrepreneur Ross Beaty, the founder of several copper exploration companies, Thursday said he believes that the mining sector may be approaching a "Hubbert's Peak" for copper.

In a presentation to the Northwest Mining Association convention in Spokane, Washington, Beaty--the Chairman of Pan American Silver--predicted that the bottom line may mean that low-grade copper deposits will have to be developed internationally to keep up with soaring demand for the metal. However, he added, COPPER prices would have to go even higher to make the development of these deposits feasible.

Full article here:
mineweb.net
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