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Troubadour joins TSXV

Copper hopeful Troubadour Resources (TSXV: TR) is set to list on the TSX Venture Exchange today as a tier two mining issuer as the red metal price remains buoyant.
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Troubadour lists in rising copper market

Staff reporter

The copper price remained above US$7,300 a tonne on the London Metal Exchange on Friday as concerns surround wage negotiations at the BHP-run Escondida, the world's biggest copper mine, where failed talks led to a six-week strike last year.

Troubadour describes its flagship project, Amarillo, as in the heart of a major copper-molybdenum mining district in south-western British Columbia.

It is planning an immediate geophysical programme to delineate targets for a drilling programme later this year.

President Geoff Schellenberg thanked shareholders for their patience during the listing process.

"The company has not been idle, and the extra time has permitted us the ability to hit the ground running," he said.

Elsewhere among the majors, BHP (ASX: BHP) was barely changed in afternoon Australian trade and remains close to its 52-week high reached last month.

In London, Rio Tinto (LSE: RIO) hit a 52-week peak last week, as did Teck Resources (TSX: TECK.B) in Canada.