Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
The junior mining and exploration sector always swings in the breeze, but the latest slump is unprecedented.
The guys at Palisade Research have put together two devastating charts that show just how depressed the TSX Venture Exchange has become.
The current bear market has been with us for 1,030 days and counting.
While 2008’s retreat was deeper it was over in not much more than a year and (who can forget) was followed by a spectacular bull run.
Source: Palisade
Palisade’s second graph shows when removing new issues, from 2011 to April 2015, the Venture has suffered nearly 1,200 casualties, close to half its constituents.
While new companies have been slowly replacing the dead, the index is still 300 companies lighter says Palisade.
Source: Palisade
Click here for more from Palisade Research.
5 Comments
adanac
Well seems there are no 100,000 LNG jobs in BC. Nor, are there thousands of six figure wage mine jobs either. As an Electronics Engineering Technologist B/Sc degree? Still no job, applying for over two years.
Now we hear, there is a former Chinese government official, bringing over Chinese Engineers. I have been advised to apply overseas, as some of my colleagues are also having to do.
This country is no longer for Canadians, as we see more and more every day.
bob d.
adanac, sounds like you are skilled, ed, sufficient to plan sufficient nuke power plants at ocean coast for all power and all drinking, etc, water off the
same nuke power plant…….i mention this so you would keep me informed if you do this as a consultant or as business startup cos, or whatever,… as i look around i see e.g. africa and calif dying for water, for drink ag farm ranch
etc thus if you go as above, you would be able to give customer e.g. africa union or calif, your plan for spreading nuke power plants on sea coast sufficient for the needs of those populations, africa is easy they have the
money for consult, plan, build, maintain, and will be getting unsolicited bids
from such as Russia who specialize in building nuke power plants for and in other nations, similarly calif is truning into a wasteland due to lack of water
thus ought too have nuke power along pacific ocean sufficient for all water neds drink ag farm ranch, thus if you go solo bus man you might start with proposition to calif gov so you get the feel of this cash cow, then while doing calif can easily by email deal with the many “nations” of trans.africa, who combine under a flimsey african.union set up by Libya owner Kaddaffi ongoing with the oil sold for mega profits which still lie in hand
of AU
this blog will have my email add so ask them for followup
bob d.
adanac, my email is [email protected], i dont know if this forum will or not give it to you, but i would like to follow you on this trek
bob d.
Ken
Its not uncommon to see a lot of Canadian engineers involved in Canadian owned projects being built in Africa or South America, so should we be surprised to see Chinese engineers involved in Chinese projects here in Canada? You work with who you are comfortable with.
The question is ask here is why are the companies bring in these people – is it experience or cost or willingness to work remote areas? What is the reason?
Grundvilk
The first graph suggests that there is one heck of a bull market ahead (some day…..).