Web Site: www.CuMtn.com
TSX: CUM
VANCOUVER, Oct. 30, 2012 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain")is pleased to announce that Mr. Jim O'Rourke, Chief Executive Officer,
has been inducted into the Canadian Mining Hall of Fame. Candidates for
induction into the Canadian Mining Hall of Fame must be individuals who
have demonstrated outstanding lifetime achievements to the benefit of
the Canadian and/or world mineral industry. Mr. O'Rourke was selected
under the category of "Building a Corporation", which relates to his
commitment and dedication to the mining industry during his long and
successful career. Mr. O'Rourke played a key role in the development of
four mines in the province of British Columbia and has been involved
with the mining industry for nearly five decades. His long list of
noteworthy projects has injected billions of dollars of investment
income and capital expenditures into the country, resulting in
significant economic and social prosperity for many Canadian citizens.
In his nomination, Mr. O'Rourke was praised for cultivating a strong
relationship with Japanese partner, Mitsubishi Materials Corporation.
Mr. O'Rourke's association with the Japanese conglomerate began in the
late 1980's and was critical to the opening of the Huckleberry Mine in
Northern British Columbia and the opening of the Copper Mountain Mine
in Southern British Columbia. In addition, Mr. O'Rourke directed
development under difficult circumstances. Despite the financial crisis
in late 2008, Mr. O'Rourke's relationship with Mitsubishi Materials
ensured that project agreements materialized and that the project was
built as intended, on budget and on schedule. This reaffirmed the
importance of foreign investment from partner Mitsubishi Materials
Corporation to the mining industry and the provincial economy.
Mr. Jim O'Rourke, Chief Executive Officer stated: "I am honored to be
inducted into the Canadian Mining Hall of Fame, but the award is really
a tribute to many people's efforts. Our trustful relationship with
Mitsubishi Materials Corporation has confirmed the importance of
natural resources to the Canadian economy for investment, job creation,
and government revenues to pay for health care, education and social
programs. Our sustainable, resource based, export-orientated economy
will keep our province and country vital and prosperous for years to
come. Being in the mining industry for so many years has been a
privilege and an honor"
Mr. O'Rourke has won many other prestigious awards over the years. He is
also a 2011 recipient of the Order of BC, the Edgar A. Scholz Medal for
excellence in mine development in 2005 and the MABC's 2010 Mining
Person of the Year Award. The inductees for the Canadian Mining Hall of
Fame have been selected by an independent advisory committee from
public nominations. Mr. O'Rourke will receive his award at the annual
dinner for inductees held on January 10, 2013. For more information,
visit http://www.mininghalloffame.ca/
About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the 75% owned Copper Mountain mine
located in southern British Columbia near the town of Princeton. The
Company has a strategic alliance with Mitsubishi Materials Corporation
who own the remaining 25%. The Copper Mountain mine commenced
production in the summer of 2011, and has continued to improve its
operations during the year; and attained design capacity in the summer
of 2012. The 18,000 acre site has a resource of approximately 5 billion
pounds of copper and remains open laterally and at depth. The mine has
significant exploration potential that will need to be explored over
the next few years to fully appreciate the properties full development
potential. Additional information is available on the Company's new
web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Rod Shier"
Rodney A. Shier, CA.
Chief Financial Officer
Note: This release contains forward-looking statements that involve
risks and uncertainties. These statements may differ materially from
actual future events or results. Readers are referred to the
documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk
factors that could cause actual results to differ from those contained
in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or
to release publicly any revisions to any forward-looking statement.
SOURCE: Copper Mountain Mining Corporation