Black Hawk Mines Bulletin - Presentation

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Black Hawk Mines Bulletin

• PRESERVATION AND PROMOTION OF MINING GHOST TOWNS.

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BLACKHAWK MINES COPPER DEMAND EXPECTED TO RISE

• Two of the biggest mining firms in the world, Rio
  Tinto PLC and BHP Billiton Ltd are teaming up to
  invest over USD 4 billion to boost their copper
  output, according to their announcement on
  Tuesday.

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• Rio and BHP have staked their investment on a
  high copper demand worldwide as they approve
  plans for USD 4.5 billion expansion of their
  Escondida mine in Chile. BHP is even reopening
  their copper mine that has been out of commission
  since 2009 due to the global fiscal crisis.

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• The mining site that will produce molybdenum
  concentrate and copper is expected to have a
  yearly production of around 60,000 tonnes.
  Moreover, BHP expects that this resumption of
  operations will provide for 650 new jobs.

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• Majority of the money is set to be invested in
  the Escondida operation located in the
  southeastern part of Antofagasta, Chile. In
  addition to this, BHP is also planning to resume
  its operations at the Pinto Valley in Arizona
  before the year ends.

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• The recovery in ore grades combined with current
  work at Escondida should aid them in their target
  production of over 1.3 million metric tonnes by
  2015. This is exclusive of the 60,000 tonnes of
  copper concentrate that the Pinto Valley is
  capable of producing yearly, according to BHP.

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• Last year, operations at Escondida was distracted
  by labor strikes and lower grade ores but Rio and
  BHP announced that output is anticipated to
  increase from 2013 due to the higher grade ore in
  the main pit.

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• Last year, operations at Escondida was distracted
  by labor strikes and lower grade ores but Rio and
  BHP announced that output is anticipated to
  increase from 2013 due to the higher grade ore in
  the main pit.

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• BHP is planning to release USD 2.6 billion on 2
  projects to increase their mining output while
  Rio (with their USD 1.4 billion stake) and
  Japanese consortium JECOs respective stakes are
  going to take care of the rest.

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• Companies in the mining industry are aggressively
  investing in minerals and key metals as they
  maintain an optimistic view that demand from
  China and other developing countries will
  continue to grow. In order to improve their
  overall output by 80, the biggest copper mine is
  showing optimism regarding the long-term demand
  for metals.
• Last year, the mines produce amounted to more
  than 700,000 tonnes of copper.