Global Confidence in Copper: Western Copper and Gold’s MOU with Siemens, and Chinese-Russian Stake

Last Thursday, Western Copper and Gold (TSX:WRN) signed a memorandum of understanding (MOU) with Siemens Canada regarding the companies’ intent to negotiate the development of a concept for integrated electrical mining equipment for Western Copper’s Casino project.

Although the two companies are still in the early stages of talks, Siemens Canada’s interest in supplying electrical equipment for Casino is a significant vote of confidence for Western Copper’s project.

Russia wants to attract cash from the world’s second-biggest economy into industries from housing and infrastructure construction to natural resources, they said. Russian copper projects could be among the highest priorities for Chinese investors.