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Last C$0.19 CAD
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As of 12:56 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

los andes copper ltd (LA) Snapshot

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los andes copper ltd (LA) Details

Los Andes Copper Ltd. engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily focuses on the Vizcachitas porphyry copper–molybdenum project located 120 kilometers north of Santiago, Region V, Chile. It is also involved in the development of a run-of-river hydroelectric project generation facility in Chile. The company was incorporated in 1983 and is headquartered in Vancouver, Canada.

Founded in 1983

los andes copper ltd (LA) Top Compensated Officers

Chief Financial Officer
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Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

los andes copper ltd (LA) Key Developments

Los Andes Copper Ltd. Announces Executive Changes

Los Andes Copper Ltd. announce that Antony Amberg has been appointed President and CEO of the company, effective immediately. Mr. Amberg replaces Eduardo Covarrubias who will remain a director and a consultant to the company. Mr. Amberg is a geologist who is a graduate of the Royal School of Mines, London, has an MSc. from University College and is also a Chartered Geologist with the Geological Society of London. He joined Los Andes Copper in 2012 as Chief Geologist. The company announced the appointment of Mr. Juan Benabarre as Head of Hydro Electric Project Development. Mr. Benabarre is a mechanical engineer who graduated from the University of Chile and also holds an MBA from the Adolfo Ibañez University. During the last eight years at Endesa, Mr. Benabarre was Head of Operations and Maintenance for all of Endesa's assets in Latin America (approx. 15,000 MW), and the Regional Head for Engineering and Development for Endesa in Latin America.

Los Andes Copper Limited Announces Approval of Drill Program

Los Andes Copper Ltd. announced board of directors approval of the 2015 Budget and Work Program for the company's Vizcachitas copper-molybdenum project in Chile, which includes a 5,000 meter diamond drill campaign. Total budget including IVA (Chilean value added tax) is approximately $2.3 million. The Program includes: Testing the high grade extension within the San Jose mining claim area. Updating the resource estimate for potential conversion of some of the Inferred Resources to Indicated Resources. Silver assaying, to be conducted for the first time following up on the presence of silver identified in metallurgical samples. Metallurgical testing for optimization of copper recoveries. Investigating the 17% negative bias identified for prior molybdenum assays, with a potential re-assaying of previous samples and revised molybdenum grade. The drilling campaign is expected to include at least 5,000 metres of diamond drilling, mostly in the core San Jose claims. This area was drilled in the 1990's by Placer Dome Inc. and General Minerals Corporation, but was not drilled by Los Andes in the 2007-2008 drilling campaign that took place before consolidation of the Vizcachitas property. The Company intends to incorporate the updated National Instrument 43-101 resource estimate generated from the proposed drilling in a PEA to re-optimize the mine plan with the results of the drilling campaign and additional test work, focusing on both a large scale operation and a phased operation ramp up. The highlights of the optimisation currently contemplated are: A smaller initial phase of 40-50,000 tpd, with significantly lower initial capital expenditures. This revised mine plan will prioritize the higher grade supergene material in the early years and delay the main pushback until the initial capital investment is paid back. Review the river diversion tunnel in conjunction with the location of the mine waste dumps, mine infrastructure and process plant. A reduction in the length of the river diversion tunnel would have a significant impact on the infrastructure capital costs.

Los Andes Copper Limited Auditor Raises 'Going Concern' Doubt

Los Andes Copper Limited filed its Annual on Jan 28, 2015 for the period ending Sep 30, 2014. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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