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Minera Cobre IPO closer

The rise in the copper price will see Minera Cobre, a private copper exploration junior in Colombia founded by the same team who established Red Eagle Mining (CN:R), seek a fund raising to undertake its first drilling programme and possibly hasten its IPO.

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San Matias drill core. Minera Cobre wants to raise US$10 million to drill its copper porphyry targets

Minera Cobre has pieced together a 200km-long land package covering much of the northern extension of Colombia’s Western Cordillera and the Mandé Batholith, which includes areas where government and