Capstone Copper has announced the production of its first saleable copper concentrate at the Mantoverde Development Project (MVDP) in Chile. The mine is progressing through its commissioning phase and is expected to reach full production levels soon. Key commissioning milestones at MVDP include: John MacKenzie, Capstone’s Chief Executive Officer, remarked, “First saleable copper concentrate production at MVDP is a significant...
Lars Jensen
Amara Raja Signs Agreement with Gotion-InoBat for Lithium-Ion Battery Production in India
Indian battery manufacturer Amara Raja Energy and Mobility announced on Monday that it has signed a licensing agreement with Gotion-InoBat-Batteries (GIB), a subsidiary of China-based Gotion High Tech. This agreement aims to facilitate the production of lithium-ion batteries in India. GIB EnergyX Slovakia, a joint venture between Gotion and Slovakia-based InoBat, will license Gotion’s lithium iron phosphate technology for lithium-ion...
Sustainable Copper Production Project Unveiled in Galicia by Cobre San Rafael
Cobre San Rafael has introduced the first sustainable copper production project in Galicia, set in Touro-O Pino (A Coruña). This initiative, compliant with all EU and national regulations and the stringent requirements of the Xunta, is poised to become a benchmark for sustainable mining in Europe and a significant milestone for the local industry. The Touro-O Pino project was declared...
KGHM Reports Mixed Production and Sales Figures for May
KGHM, a major player in the mining industry, released its preliminary production and sales results for May, showing a mixed performance across various metals. The production of payable silver stood at 119.1 tonnes, marking a 4% decrease from the same period last year, which translates to a reduction of 4.7 tonnes. Silver sales saw a more significant decline, dropping by...
IGO and Regis Resources Face South32 in Tropicana Gold Mine Royalty Dispute
Regis Resources has filed to join IGO in the legal action initiated by South32 over a $122 million royalty dispute stemming from the Tropicana gold mine proceeds. In February, South32 sued IGO in the Supreme Court of Western Australia, claiming it is owed royalties from the mine dating back to 2014. The Tropicana gold project, located 330 kilometers from Kalgoorlie,...
Copper Prices Decline on LME Amid Weak Chinese Demand
Copper prices on the London Metal Exchange fell today due to weak demand from China, highlighted by recent economic data. “While supply-side shortfalls support prices, risks from weak demand, particularly in China, loom large,” noted analysts at StoneX Intelligence. Despite the weak demand, concerns over supply could support copper prices. Production at Anglo-American’s Los Bronces copper mine in Chile is...
Global Refined Copper Production and Consumption Rise in Early 2024
The global production of refined copper increased by 5.5% year-on-year to 9.16 million tons from January to April 2024, while consumption rose by 4.2% to 8.86 million tons during the same period, according to a report released by the International Copper Study Group on Thursday. This resulted in an increase in the surplus of the red metal to 299,000 tons...
Gold Prices Exhibit Volatility Amid Technical Patterns
Gold prices showed significant volatility during the Asian market session on Thursday, with spot gold briefly touching an intraday high of $2,339.04 per ounce before falling back to around $2,332 per ounce, with the intraday gain shrinking to approximately $4. According to FXStreet analyst Christian Borjon Valencia, the daily chart of gold indicates the presence of a head-and-shoulders pattern. The...
Quebec’s Grande-Baie Smelter to Receive $165 Million Renovation by Rio Tinto
Rio Tinto announced it will invest $165 million to upgrade its Grande-Baie aluminum smelter in Quebec. The project will involve the refurbishment of two anode baking furnaces, including rebuilding their concrete shells and refractory linings. The restoration is scheduled to be completed within two years. The company will also conduct feasibility studies for the potential replacement of scrubbers and overhead...
Kingston Resources Commences Open Pit Mining at Pearse North
Kingston Resources has begun open pit mining at the Pearse North site, with the initial blast occurring on June 11. The first batch of oxide ore has been delivered to the ROM pad, marking a significant milestone for the company. This development comes three weeks after completing the tailings retreatment project. The restart of hard rock mining at Mineral Hill,...