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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 1:53 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

columbus copper corp (CCU) Snapshot

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08/29/14 - C$0.20
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12/5/14 - C$0.03
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columbus copper corp (CCU) Details

Columbus Copper Corporation, an exploration and development company, explores and develops mineral properties in Turkey and the Balkan region of Europe. The company explores for copper and precious metals. It holds 100% interests in the Bulqiza chromite projects in Albania. The company was formerly known as Empire Mining Corporation and changed its name to Columbus Copper Corporation in January 2013. Columbus Copper Corporation was incorporated in 2005 and is headquartered in Vancouver, Canada.

Founded in 2005

columbus copper corp (CCU) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$120.0K
Chief Financial Officer
Total Annual Compensation: C$33.8K
Compensation as of Fiscal Year 2013.

columbus copper corp (CCU) Key Developments

Columbus Copper Corporation Announces Executive Changes

Columbus Copper Corporation announced the appointment of Jenna R. Virk as VP Legal & Corporate Secretary effective June 9, 2015. Ms. Virk was called to the bar of British Columbia in 2007 and practiced law with a number of prominent Vancouver law firms, most recently at Boughton Law Corporation in the areas of corporate finance, securities and corporate commercial law. The appointment of Ms. Virk as VP Legal & Corporate Secretary for Columbus Copper follows the resignation of James Isaac from the same role.

Columbus Copper Corporation Announces Resignation of Nick Clarke as Director

Columbus Copper Corporation announced that Nick Clarke has resigned as a director to concentrate on his other business commitments.

Columbus Copper Corporation Provides Operational Update

Columbus Copper Corporation announced that it has received an Operating Permit for the Karapinar copper porphyry license, Turkey, which is valid to 2 June 2020. First Quantum Minerals is funding Karapinar, however, discussions are in progress with First Quantum to terminate its option and allow its earned 20% interest in Karapinar and the related Bursa licenses to revert back to Columbus Copper in exchange for Columbus Copper's Serbian assets. Columbus Copper is considering its options with regard to an outright sale of the Bursa Project. See below for an exploration update on Karapinar. In addition, Columbus Copper reports the following general update. Soil and rock sampling and mapping at Djavolja Varoš in Serbia by First Quantum Minerals, under the terms of its option agreement with Columbus Copper, have confirmed the possibility of a deep porphyry. First Quantum has indicated an intention to drill up to three holes. A geophysical survey at Columbus Copper's Kavaklitepe gold project in Turkey, comprising pole-dipole induced potential/resistivity, confirmed strong chargeability beneath the soil anomalies. A trenching permit has been applied for however there are ongoing delays to the issuance of gold related exploration permits in Turkey. Zenith Minerals (formerly S2M2 Coal) is earning an interest. Columbus Copper is considering its options with regard to an outright sale of the Kavaklitepe project. In Albania Columbus Copper is awaiting the issuance of its applied-for chromite mining permits at Bulqiza-Batra and Qafe Burreli. The government ministry responsible has been required to deal with illegally-issued permits that overlap with Columbus Copper's ground. The ministry has assured Columbus Copper that the matter is being dealt with and that Columbus Copper's mining permits will be issued in due-course. All other necessary approvals have been received, including the environmental permit. Exploration by Columbus Copper at Bulqiza-Batra and Qafe Burreli has revealed significant potential for near-term production. Under the 2011 applications made for licence renewal pursuant to the new mining law which mandated size reductions, Columbus Copper's licences now consist of the 1.013 km2 Qafe Burreli licence and the recently recovered 5.77 km2 Bulqiza-Batra licence for a total of 6.90 km2 in two distinct project areas containing numerous chromite showings, prospects and past-producing mines. The Bulqiza-Batra license surrounds and extends from the producing third party Bulqiza and Batra mines which have aggregate past production of about 20 million tonnes grading 35-42% Cr2O3. Columbus Copper's Bulqiza-Batra Licence includes the east and west mineralized extensions of the fold structure controlling and hosting the chromite ores in the Bulqiza and Batra mines and also includes much of the past producing Thekna mine which is reported to host an historical resource of 330,000 tonnes grading +40% Cr2O3 and where Empire's drilling in 2011 has demonstrated scope for significant expansion. Columbus Copper has implemented plans to conserve cash reserves by minimising all work on the ground not funded by third parties. In addition, all staff and senior management have been retrenched and other cost saving measures put into place.


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