Lunes 10/01/11, Alcoa, CPI, beige book, ventas retail

[admin]

Los medicos le han provocado un coma medico a la congresista Gifford para hacer que su cerebro descanse y no se hinche debido al trauma. Los medicos dijeron que el cerebro no se esta inflamando, lo cual es positivo para evitar mas danio en el cerebro. La bala le atravezo el lado izquierdo del cerebro.

[admin]

HudBay Mineral acordo comprar Norsemont por $524 millones para agregar la mina Constancia en Peru.

HudBay pagara 0.2617 por accion y 0.1 por cada accion de Norsemont, o $4.50 por accion. La oferta es 33% mas que el precio de Norsemont en los ultimos 20 dias.

HudBay Minerals Agrees to Buy Norsemont for C$520 Million to Add Peru Mine
By Simon Casey - Jan 10, 2011 7:15 PM ET
HudBay Minerals Inc., a Canadian metals producer, said it agreed to acquire Norsemont Mining Inc. for C$520 million ($524 million) to add the Constancia copper project in Peru.

HudBay will pay 0.2617 of a share and 0.1 cent for each Norsemont share, or $4.50 a share for a maximum consideration of C$130 million, the Toronto-based companies said today in a statement. The offer is 33 percent more than Norsemont’s share price based on the companies’ volume-weighted average trading prices in the 20 trading days ended Jan. 7, HudBay said.

Bringing Constancia into production will more than double HudBay’s copper output from this year to 2016, the company said. The project is expected to produce 172 million pounds of copper and 2 million pounds of molybdenum annually over a 15-year mine life.

Norsemont rose 22 cents, or 5.2 percent, to C$4.49 as 3:59 p.m. in Toronto Stock Exchange trading. HudBay fell 55 cents, or 3.3 percent, to C$16.21.

There were $3.27 billion of takeovers of copper-producing companies completed last year, according to data compiled by Bloomberg. The average premium paid in the 36 deals was 25 percent.

Copper for three-month delivery traded at a record $9,754 a metric ton on the London Metal Exchange on Jan. 4. The metal has gained 23 percent in the past 12 months.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net.

To contact the editor responsible for this story: Simon Casey at scasey4

[admin]

Candente cobre sube debido a la recomendacion de Wellinton Capital

La recomendacion paso de compra especulativa a compra. (o sea no especulativa)

La accion ha subido cuatro veces en los ultimos 12 meses.

Candente producira 300,000 tons of cobre o $1.5 billones producto de la produccion de Canariaco en el 2014.

Candente Copper Jumps on Wellington West Capital Recommendation
By Alex Emery - Jan 10, 2011 5:30 PM ET
Candente Copper Corp., a Canadian mining exploration company, rose the most in two months in Lima trading after Wellington West Capital Markets analyst Stephen Parsons raised the shares to “buy” from “speculative buy.”

The stock, which has risen fourfold in the past 12 months, jumped 27 percent to $1.86 at the close of trading, the biggest gain since Nov. 2.

“Investors acted on the brokerage recommendation,” Leoncio Altamirano, a trader at Lima-based Juan Magot & Asociados SAB, said today in a telephone interview. “The market feels the company is well on its way to bringing a mine online.”

Candente aims to produce 300,000 metric tons of copper annually at its $1.5 billion Canariaco project in Peru by 2014, Chief Executive Officer Joanne Freeze said in a Nov. 17 interview.

[admin]

Ver subir a Candente de esa manera me da una satisfaccion personal increible. Demoro un poco pero sobrepaso su precio de 1.67 cuando fue lanzada a la bolsa Peruana hace muchas lunas.

Ahora falta Vena.