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Stock impact report

Halo Minerals begins trading after £20m AIM float [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Halo Minerals, a company looking to extract copper from legacy mining waste in northern Chile, has raised £4 million and listed on London's AIM. The shares started trading on Monday, dropping 2.8% to 17.5p from the 18p issue price of the initial public offering. At the IPO price, Halo had a market capitalisation of around £20 million. Operations are focused on processing tailings, the material left behind after ore has been mined and processed, at the Playa Verde project in the Atacama region, the prolific copper-producing area where BHP's Escondida mine is based, along with state-owned giant Codelco that has partnerships with Antofagasta, Freeport-McMoRan and Rio Tinto. The Playa Verde project holds a JORC-compliant mineral resource of 53 million tonnes at 0.24% copper, with ore reserves of 32.2 million tonnes at 0.25% copper containing an estimated 79,359 tonnes of fine copper. Based on a copper price of $5.30 per pound, the reserves carry an estimated net present value o Show less Read more
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