Jesse Duke, IBEX Valley Environmental Consulting - Van Horne ...

First, a word about copper• Copper consumption has beenconsistently growing by 3.4% peryear• Additional copper production of600,000 tonnes per year will berequired – 10 mines the size ofCasino• Increased copper production willrequire large copper projects suchas Casino• “Copper producers will have themost difficulty in keeping up withgrowing demand. We forecast anunderlying market deficit by2011…” - RBS Oct 2009 ReutersCOPPER CONSUMPTION (Million tonnes/year)Source: Rio Tinto Presentation, 1900-1928 McGraw Hill (1931), 1929-2008 CRUTSX:WRN / AMEX:WRN COPPER 4