Swiss resource giant Glencore reported a 4% year-on-year decline in copper production to 705,200 tons for the period from January to September 2024. The decrease was primarily attributed to the sale of its Cobar mine in Australia in June. Zinc production also fell by 4%, reaching 643,600 tons, mainly due to reduced output at the...
READ MORENornickel released its production results for the first nine months and the third quarter of 2024, showing mixed trends across different metals. From January to September 2024, nickel production rose by 0.3%, reaching 146.2 thousand tons, while copper output increased significantly by 7%, totaling 326.1 thousand tons. Palladium production also saw a slight increase of 1%, totaling...
READ MORETeck Resources plans to unveil its growth strategy focused on expanding copper production at its 2024 Strategy Day on November 5, 2024. The company aims to increase copper output to 800,000 tonnes per year by the end of the decade, detailing its investment approach to achieve this growth while generating value for shareholders and stakeholders....
READ MOREMagna Mining has identified new copper mineralization at its Shakespeare project, in a joint venture with Glencore, less than 2 km from a feasibility-stage former mine. The discovery, made in Sudbury, Ontario, could potentially add to the long-term prospects of the project. The initial drillhole, MSW-24-01, in the newly targeted Southwest copper zone intersected 32.4...
READ MOREToronto-based Torex Gold Resources announced that it expects to begin producing the first copper concentrate from its Media Luna project in Mexico in Q1 2025, with commercial production to follow shortly afterward. The US$950 million project, located in Guerrero state, is currently 87% complete, according to CEO Jody Kuzenko. Kuzenko noted that engineering work for...
READ MORECapstone Copper reported strong production results for the third quarter of 2024, producing 47,460 tonnes of copper, largely driven by its operations in Chile. The Mantoverde Development Project reached commercial production in September, delivering two shipments of copper concentrate. The project capital remained on budget at $870 million. Copper production during Q3 included 17,481 tonnes...
READ MOREUzbekistan’s Enter Engineering has entered a $215 million cooperation agreement with FLSmidth Inc., a global supplier of mining equipment and services, to develop a new concentrating line at Almalyk Mining and Metallurgical Complex’s (Almalyk MMC) MOF-4 plant. The project aims to increase copper processing and production capacity at Almalyk MMC. The agreement includes the supply...
READ MOREIvanhoe Mines announced that its Kamoa-Kakula copper complex in the Democratic Republic of Congo achieved record monthly production of 41,800 tonnes of copper concentrate in October, along with a combined milling record of 1.2 million tonnes for the month. Copper concentrate production for the year reached 345,042 tonnes as of October 31, representing 79% of...
READ MOREHudbay Minerals is advancing its Copper World project in Arizona, positioning itself as a key U.S. supplier of critical minerals for renewable energy. The $1.3 billion project comprises seven deposits and is expected to produce 85,000 tonnes of copper annually over a 20-year mine life. A feasibility study is scheduled for completion next year, with...
READ MOREJinchuan Group announced that its mining business produced 47,183 tonnes of copper during the first nine months of 2024, marking a year-on-year decrease of approximately 2%. The decline was attributed to an unstable power supply from the Democratic Republic of Congo’s national power grid during this period. Copper sales also dropped to 41,368 tonnes, representing...
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