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Mining Capital’s Ford bigs up Antofagasta, Kincora on back of Copper price surge

Friday, November 25, 2016 6:17
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Mining Capital’s Alastair Ford catches up with Proactive to talk Copper. The metal’s really burst back into life of late, surging 14% this month to above $5,500 / tonne.

Ford puts it down to two things: Donald Trump and the continued activity in the Chinese economy, and he says the effect has been very noticeable: ”We’ve seen serious moves in all of the major miners – five of the FTSE 100 miners hit 12 month highs in the last week or two.”

”Specifically Antofagasta has done well. Glencore, which also has serious exposure to copper, has also done well”

In terms of some of the smaller miners that have caught Ford’s eye:

”Last week we mentioned Kincora Copper (CVE:KCC) …they’re worth another name check. They’ve really got some of the most promising ground around in exploration terms.”

”We’ve also got Vast Resources (LON:VAST) who’ve just started producing copper. That’s got its own issues at the financial and corporate level but on the other hand, experienced management … and actual production.”

”There’s also Atalaya Mining (LON:ATYM), the old Rio Tinto  mine in Spain … that’s perhaps worth a look.”

”Asiamet resources (LON:ARS) as well have got some big copper exploration in Indonesia”.

Story by ProactiveInvestors


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