South Korean conglomerate Lotte has made an announcement regarding the establishment of a cutting-edge factory in Spain. This facility will focus on producing copper foils tailored for battery cells utilized in electric vehicles. The factory, situated near Tarragona, is projected to achieve an annual production capacity of up to 30,000 tonnes of copper foils by...
READ MORESandfire Resources, an Australian mining company, has officially marked the commencement of operations at its Motheo copper mine situated in Botswana. Situated approximately 70 km northeast of Ghanzi, the mine’s construction received approval from the company’s board in December 2020. The inaugural batch of copper concentrate was successfully produced in May of this year. Foreseeing...
READ MOREAustralia’s mining industry has contributed a historic A$455 billion ($298.64 billion) in export revenue during the 2022–23 financial year, a recent report by the Australian Bureau of Statistics (ABS) has revealed. This remarkable figure accounts for two-thirds of the nation’s total export revenue and marks a notable 10.5% increase from the previous record set in...
READ MOREIn a move highlighting the increasing significance of energy transition technologies, the US Department of Energy (DoE) has officially designated copper as a critical raw material. The inclusion of copper in the finalised Critical Materials Assessment for 2023 marks the first time this essential metal has been recognized as critical by the US Government, following...
READ MOREAlara Resources (AUQ) has made significant progress in its Al Wash-hi-Majaza copper and gold joint venture project, with the on-site one million tonne per year copper concentrator plant project engineering now 95% complete. Civil works for the project are also at 88% completion. An offtake agreement for the copper concentrate has already been secured. Alara...
READ MOREBitterroot Resources Ltd. (TSX-V: BTT) and Altius Minerals Corporation (TSX: ALS) have entered into an option agreement with Perseverance Metals Inc., granting Perseverance the exclusive option to acquire a 100% interest in the Voyageur Nickel-Copper-PGM Project. Voyageur covers an area of 680 square kilometers (262 square miles) and is situated approximately 65 kilometers west of...
READ MORESKC Co. has announced a strategic partnership with Japan’s Toyota Tsusho Corp. to establish a joint venture that will produce and supply battery-grade copper foil in North America, targeting the rapidly growing electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC’s subsidiary specializing in copper foil production, will join forces with...
READ MORESouthern Copper is expressing increasing optimism about the possibility of constructing a highly contested copper mine in Peru’s coastal mountains as sociopolitical tensions appear to be easing. The company has faced challenges for years in convincing local communities of the benefits of the Tia Maria project. In 2019, the approval of its mining license sparked...
READ MOREGlencore International AG and Pan American Silver Corp have reached a definitive agreement for Glencore to acquire the 56.25% stake in the MARA project from Pan American Silver. The deal entails Glencore paying $475 million in cash upon closing and granting Pan American a copper Net Smelter Return (NSR) royalty of 0.75%.The MARA project, situated...
READ MOREChilean state-owned copper miner Codelco has revised its copper output forecast for the year due to ongoing operational delays and mining accidents. In its recent results briefing, the company announced a downward adjustment to its annual copper production forecast, now ranging between 1.31 million and 1.35 million tonnes. This is a significant reduction from the...
READ MORETrue North Copper is starting copper sulphate production at its Cloncurry project in Queensland. The initial production capacity is estimated to be 12,000 tons per year of copper sulphate crystal. True North Copper has already secured an offtake agreement with Kanins International, an Australian company, for the entire production of copper sulphate. True North’s Managing...
READ MORECopper prices in London have witnessed a remarkable surge, heading towards their best monthly performance since January, buoyed by the prospects of additional stimulus measures in China, the world’s leading consumer of the metal, and indications that the US Federal Reserve will halt rate hikes for the year. As of 08:12 GMT, the three-month copper...
READ MORESouthern Copper Corp. is expressing a newfound sense of optimism regarding its long-fought battle to construct a copper mine in the coastal mountains of Peru. The Tia Maria project has faced vehement opposition from local communities for years, leading to protests and political resistance. However, recent developments indicate progress in the company’s efforts to garner...
READ MOREMining and rail conglomerate Grupo Mexico, a major player in the global copper production industry, has announced a notable 38% increase in net profit for the second quarter. The rise in earnings was driven by higher copper sales and robust results from its transportation unit. Grupo Mexico reported earnings of 11 cents per share, surpassing...
READ MOREAccording to a report by Bloomberg News on July 28, Glencore, the commodity trader, and miner is engaged in advanced discussions to purchase its partner’s stake in the Mara copper project in Argentina. The move is part of Glencore’s strategy to increase its exposure to the metal. The company is reportedly in the final stages...
READ MOREOrion Minerals Ltd (ASX:ORN, JSE:ORN) has taken significant strides in its early production strategy for the Prieska Copper-Zinc Project in South Africa by releasing an updated Mineral Resource Estimate (MRE) for the near-surface +105 Level Crown Pillar. The updated MRE reveals a robust mineral resource, consisting of 2.3 million tonnes grading 1.7% copper and 1.6%...
READ MOREIvanhoe Mines (TSX: IVN) has revealed a significant improvement in the potential production capacity of its Kamoa-Kakula copper complex in the Democratic Republic of the Congo. The Vancouver-based miner demonstrated that by liberating copper from the tailings stream, a substantial enhancement in total recoveries can be achieved. Since 2022, Ivanhoe’s process engineering team, along with...
READ MOREVancouver-based Midnight Sun Mining Corp. (TSXV: MMA, OTCQB: MDNGF) has released the remaining drill results from holes MTDD047 and MTDD048, along with a summary of results from the 2022 drilling campaign on the Mitu trend, part of the company’s Solwezi project in Zambia. Following the conclusion of drilling in 2022, initial laboratory results were received....
READ MOREMexican copper projects are set to play a significant role in meeting global demand for copper over the next decade, according to a report from the mining chamber Camimex. The report suggests that five copper projects in Mexico have the potential to contribute 324,000 metric tons per year to global demand through 2030, driven by...
READ MOREVancouver-based Imperial Metals has announced higher copper and gold production in the second quarter of the year, driven by increased output from the Mount Polley and Red Chris mines in British Columbia. The TSX-listed firm reported production of 11.18 million pounds of copper and 14,289 ounces of gold for the three-month period, with 7.06 million...
READ MOREPrices for copper and other base metals saw a rise in London on Tuesday following China’s commitment to bolster its economy and boost domestic demand. Three-month copper on the London Metal Exchange increased by 1.3% to reach $8,626 per metric ton during official open-outcry trading, touching its highest level since July 14 at $8,676. China’s...
READ MOREBluejay Mining has announced that it will reclaim a 100% ownership stake in the Enonkoski nickel-copper-cobalt project in Finland, following the conclusion of its joint venture (JV) agreement with mining giant Rio Tinto. The JV and earn-in agreement, signed in 2020, allowed Bluejay and Rio Tinto Exploration Finland to conduct exploration work at the Enonkoski...
READ MOREGlobal Energy Metals Corporation has made a groundbreaking announcement regarding its Råna Project in Norway. The company’s strategic partner, Kingsrose Mining Limited, has successfully completed ground-based electromagnetic (EM) and other surveys at the Bruvann Mine area, unveiling the presence of strong apparent conductive bodies with massive sulphide mineralization potential in three locations near the former...
READ MOREResearchers from the Universities of Birmingham and St Andrews, along with Diamond Light Source, have made a groundbreaking discovery of a novel copper protein binding site that has potential applications in MRI contrast agents. This discovery challenges the conventional belief that copper is unsuitable for use in MRI and could pave the way for new...
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