WARNING, this share is so speculative do not even think about buying it unless you can afford to throw your money down the toilet.

The Group's principal activity is international mining development and investment. Toledo Copper Corporation plc was introduced to the AIM market on the 5th April 2004 via a Placing of 166.6 million shares at 1.5p each. The funds raised will contribute towards a feasibility study with Atlas Consolidated Mining and Development - a company based in the Philippines and quoted on the Philippine stock exchange. That study will determine if the Philippines-based Toledo Copper Mine, in which TCU has a right to acquire a 40% stake potentially worth 316 million US dollars, can be re-opened

There are 453.7 million ordinary shares of 0.01p each in issue.

Major Shareholders (as at 18th April 2004): RAB Special Solutions LP, 96,000,000 shares (21.16%); Resources Investment Trust plc, 77,000,000 shares (16.97%); Chrisilios Chris Kyriakou (Dir), 50,000,000 shares (11.02%); Sierra International Services Ltd, 50,000,000 shares (11.02%); Craggan International Ltd, 30,000,000 shares (6.61%); Golden Dragon Trading, 20,000,000 shares (4.41%); Wai Yip Investments Ltd, 20,000,000 shares (4.41%); and Hartford Investment Group Ltd, 15,000,000 shares (3.31%).

TCU Director Merfyn Roberts is an 18% partner in Absolute Resources LP, which holds 10,000,000 Ordinary Shares. The Company has also granted the Directors options to subscribe for a further 17,500,000 Ordinary Shares at 0.02p per Ordinary Share at any time up to the third Anniversary of Admission.#

cheerrs GF.

golfinger should be praised for almost deramping this share i.e.see WARNING
at top.

That 250,000 buy at 8.33 is jumping all over the place, there was no 250,000 trade at 8.33 showing this morning.

Or a 14,625 sell, its all over the place.

Date : August 26, 2004 From www.minesite.com


Toledo Copper Gets Into Nickel In A Big Way So Changes Its Name … But Not Much.

When Toledo Copper Corporation listed on AIM back in April it was another of those companies with no assets, though it was further advanced than some of its peers in the Phil Edmonds stable. The trouble was that the deal it had negotiated to buy a 40 per cent interest in the Toledo copper mine on Cebu island in the Philippines was somewhat complicated and most journos, Minews included, steered clear. Now it is on the verge of publishing a bankable feasibility study on the project, so things are falling into place. Originally it had lent US$1.2 million to a Mr Ramos, president and chief executive of Atlas, which owns Toledo among other mining interests. The plan was that he would use the money to pay off various outstanding creditors of Atlas and thus secure proper title to the mine.

In its heyday before a typhoon in 1993 caused operations to be put on care and maintenance, Toledo was one of the world’s foremost copper mines and Atlas was capitalised at around US$1 billion on the New York Stock Exchange according to Chris Kyriakou, the executive chairman of Toledo Copper. Mining started back in 1955 and total production from the mine amounted to 5.65 million lbs copper, 1.96 million ounces of gold and 7.2 million ounces of silver. Peak production was reached between 1979 and 1984 when the operation was mining at a rate of 103,000 tonnes/day and current resources are around 874 million tonnes grading 0.41% copper so there is plenty of life left in it.

Once it raised funds at the time of the placing Toledo Copper Corporation lent US$3 million to Atlas to fund the bankable feasibility programme at Toledo and part of this was used to repay the original loan to Mr Ramos. On the assumption that the study is positive Toledo will secure ownership of 40 per cent of the mine, but may have to pay a further US$15 million towards project finance. This is doubtful, however, as the Japanese and Chinese copper companies vying for offtake agreements are likely to want to take equity interests and may well come up with the further US$10 million in subordinated debt that might be due from Toledo. Annual production of 110 million lbs copper, 56,000 ozs gold and 100,000 ozs silver is envisaged for the renewed operation.

While the study has been in progress Chris Kyriakou has negotiated the purchase of two other large nickel laterite projects on another Philippine island, Palawan. As a result the name of the company is being changed to Toledo Mining. The first of these, Berong, will generate early cash flow as it involves shipping ore direct to ferro-nickel smelters in Japan and the first shipment is due to leave in March 2005. A feasibility study is in progress to test the economics of an on-site large scale operation utilising acid leaching and smelting which may be developed at a later date. Toledo Mining is acquiring a 44 per cent interest in the property which consists of four deposits with resources calculated at 275 million tonnnes at 1.3% nickel and 0.074% cobalt at a cut-off grade of 0.90% Ni. This makes it one of the biggest nickel deposits in the world and the 4th largest in terms of contained nickel.

A pre-feasibility study was carried out in 1996 which was based on a cut-off grade of 1.8% nickel which meant a resource of 7 million tonnes at 2.1% nickel which is a grade acceptable to Japanese ferro-nickel producers. This is being updated and it is thought the funding requirement will be around US$6 million. The operating break-even cost of this direct shipping operation is estimated to be US$1.30/lb of payable nickel, or US$0.35 cents/lb of contained nickel which, at 300,000 tonnes/year will be around 15 million lbs/year. Payment is expected to be 25 per cent of the LME price , FOB basis, on the contained nickel to generate around US$20 million a year.

Through this second deal Toledo Mining has the potential to be not only a significant player in copper production on a world scale, but in nickel also. The Celestial nickel property, where Toledo is acquiring a 52 per cent interest, is on the same island and a resource of 77 million tonnes at 1.25% nickel and 0.10% cobalt has been estimated within an area amounting to less than one third of the total property. Some of the ore may be used for direct shipping, but the rest is likely to be treated by an advanced form of vat leaching or some other alternative technology. Toledo will be supplying management service to both projects and has an option to increase its holding in Celestial up to 71.2 per cent . This is now a company that can be taken seriously.

Should have news out very soon.

cheers GF

Intercept,

can you explain to me how that works please?

IE the shareprice wil be 10p REGARDLESS of the number in issue at the time!

Not sure how you work that one out, but welcome an explanation.

roflmao

Like I said we should have some news very soon.

cheers GF

Just some post I have swiped from another B/Board..................

Some interesting comments from Mark Watson on t1ps.com webcast this weekend.
Couple more weeks to wait by the sounds of it.
Between the lines it sounds to me like we'll get a positive report.ENDS.

Please remember this is one hell of a gamble as I have always maintained.

If you do not have the money to lose forget it, and thats sound advise.

Cheers GF.

Wheres the news?????????????????????,

cheers GF.

Been told they have been going round the city trying to drum up more cash, share price up today so they might have got some from [ RAB ]?

Superb news for holders. If your not in nows the time to jump aboard.........

Overscribed at the bid price.

Sufficient to bring Nickel project to production and positive cash-flow.

Planning to avoid further dilution re Copper mine.



Certainly all the right words....





RNS Number:1227D
Toledo Copper Corporation PLC
20 September 2004

20 September 2004



TOLEDO COPPER CORPORATION PLC



The Directors of Toledo Copper Corporation plc (AIM: "TCU") are pleased to
announce they have today completed the private placement of 220m shares at 2p
per share to raise #4.4 million (before costs). The placement was
oversubscribed.



This capital raising completes the funds required to bring the Company's Berong
nickel project into production and positive cash flow.



The Company is advised by Behre Dolbear that their final technical audit of the
bankable feasibility study of the Toledo copper mine will be complete within the
next three to four weeks.



It is the intention of the directors, following the Company's acquisition of its
interests in the Berong and Celestial nickel projects, to investigate all other
options to finance the Toledo copper mine without resorting to further equity.



Pursuant to this Placing, the directors of Toledo Copper Corporation plc, have
interests in ordinary shares in the Company as set out in the table below.


Director Interest in ordinary Percentage of issued
shares following the ordinary share capital
Placing (following the Placing)
Chris Kyriakou 50,000,000 7.42%

Merfyn Roberts 10,000,000 1.48%

(interest held through Absolute Resources LP)
Roger Shakesby - -%

cheeers GF.

Good news this morning.....................

Toledo Copper Corporation PLC
24 September 2004

24 September 2004



TOLEDO COPPER CORPORATION PLC



The Directors of Toledo Copper Corporation plc (AIM: 'TCU') wish to advise on
progress of the Berong nickel project on the island of Palawan, Philippines.



A number of pre-feasibility and feasibility studies have been carried out by the
majority owners in past years and have outlined a total resource, at a cut off
grade of 0.9% Ni for limonite and 0.9% for saprolite, of 275 million tonnes at a
grade of 1.3% Ni and 0.074% Co. Contained nickel is 3.6 million tonnes.



Included in the above resource based on CIM Resource/Reserve definitions,
Canadian consultants Rescan and Nilsson estimated measured, indicated and
inferred resources of 2.117 million tonnes of 2.26% Ni at a cut-off grade of
2.0% Ni. A mining plan is currently being developed in this direct shipping ore
resource, which has potential to be enlarged.



A sales contract has been signed with a Japanese trading company for 250,000 dry
tonnes of direct shipping saprolite ore per year. In addition, discussions are
continuing with a second trading company for a future contract of a similar
quantity with the object of a steady build up to a mining rate of 700,000 wet
tonnes per year, equivalent to 500,000 dry tonnes of direct shipping ore.



The procurement of the necessary permits is progressing on schedule with
considerable support from the various government units following the Philippine
Government's declaration of major support to rehabilitate the mining industry to
its former state as a major contributor to the economy.





Chris Kyriakou

Executive Chairman





For further information contact:


Annie Richards Toledo Copper Corporation plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400





cheers GF.

Its moe or less time we heard something about the Copper Study, but just to help you see how much it could be worth, heres a report on copper prices and inventories..........................

Copper and Nickel....


Thursday September 30, 2004
The Guardian

Oil has been hogging the limelight, breaking through the $50 level this week, but it would be wrong to ignore all the other commodity markets that are going gangbusters.
Copper yesterday hit a six-month high of $2,970 per tonne - more than double the price seen in the dark days of 2001, after the tech bubble burst.

Other base metals have also shot up in price over the past 24 months, with nickel rising from $5,000 per tonne to $14,000. Tin has moved from $3,800 to $9,000 and even lead - for so long an unfashionable commodity - has more than doubled to $900 per tonne.

As with the upward pressure on crude prices, voracious demand from China has been the driving force behind the rises across the commodity range.

Persistently depressed commodity prices during the 90s meant there was little investment during the decade in new mines and facilities: the result is a classic squeeze from limited supply and pulsating demand.

In the first four months of the year demand for copper rose by nearly 30% in China, 15% in America, and was also up in Europe and Japan. While the market cooled a little during the summer, demand is said to have picked up once more over recent weeks.

As usual, speculators are being blamed for the more extreme price moves, but the fact is the underlying physical market remains very tight.

While 800,000 tonnes of copper lay in warehouses attached to the London Metal Exchange, Comex bourse and Shanghai Futures Exchange at the end of 2003, those reserves have now fallen to 164,000 tonnes. Kate Barker, monetary policy committee member at the Bank of England, warned yesterday that higher commodity prices were feeding inflation. That is not news to UK companies.


Those supplying the construction industry, car manufacturers and consumer durable makers all rely on copper wiring, cabling and tubing for a range of electrical and other applications. They are already struggling with rising energy costs - at a time when fierce competition makes it impossible to pass on extra costs to customers.

And where's that competition coming from? China, more often than not.

cheers GF.

have a mate in the city that doesn't rate these, feels there's something not quite right, and they don't trust Atlas at all!!!

quite right to put the buyer beware posts up, Phillipines is a hell of a risky place to do business!!!!

good luck all, you may need it!!!

To anyone whom may have found that there holding in the above copmany been wiped out there is now a new Epic Code for the Co. now which is (TMC)which has been inforce since 7/10/2004

Thanks for flagging this up Parkin, have asked Ian if he would change over the name and code.

cheers GF.

Goldfinger,

I have received your E mail and will get JT to make the necessary changes,

Ian

15% rise today on the back of this RNS. So despite Aimtrader's post Cambrian Mining obviously don't feel the same way.

Toledo Mining Corporation PLC
12 October 2004

Toledo Mining Corporation plc ('the Company')



Notification of significant holding



Under sections 198 to 202 of the Companies Act 1985 and rule 15 of the AIM Rules
the following information falls to be disclosed:


The Company was notified on 12 October 2004 that Cambrian Mining Plc has an
interest in 30,000,000 Ordinary Shares of 0.1p each in the Company. This
represents 4.45% of the issued share capital of the Company.



12 October 2004





This information is provided by RNS
The company news service from the London Stock Exchange

Do thing there will a lot profit taking at 3p , which as been suggested.