NuVau Minerals, a mining company focused on Quebec, is set to go public this month in an effort to secure provincial government support for its Bracemac McLeod copper-zinc project in the Matagami camp. The Matagami camp, known for its rich mining history, has been operational for over 60 years. NuVau’s project is backed by a...
READ MOREGlobal refined copper production increased by 5.1% year-on-year to 18.33 million tonnes from January to August 2024, while consumption rose by 2.5% to 17.8 million tonnes, the International Copper Study Group (ICSG) reported on Tuesday. This growing gap between production and consumption led to a surplus of 535,000 tonnes, up significantly from the 75,000-tonne surplus...
READ MOREPolish mining giant KGHM reported mixed results for its production and sales in September 2024, according to a market filing on its preliminary figures. The company’s copper sales reached 65,600 tonnes, representing an 8% year-on-year increase, while payable copper production rose by 3% to 61,400 tonnes. Silver production experienced a decline, with payable silver output...
READ MOREGlencore’s Antapaccay copper mine in Peru has reported significant improvements in copper recovery after upgrading its flotation cells. The mine, which produces approximately 160,000 tonnes of copper concentrate annually, partnered with Metso to enhance its flotation circuit and address existing inefficiencies. The Antapaccay flotation circuit, commissioned in 2012 and expanded in 2019, faced challenges such...
READ MOREBase metal prices gained momentum on Monday, with the London Metal Exchange (LME) three-month copper price rising by 0.7% to $9,627.50 per metric ton. Aluminum also experienced an increase, with the LME three-month aluminum price climbing 1.7% to $2,638.50 per ton. According to analysts at Commerzbank, Chinese copper demand during the first eight months of...
READ MORETaseko Mines announced that construction at its Florence copper project in Arizona is now nearly 40% complete, keeping the first production target on track for the fourth quarter of 2025. Since construction began earlier this year, the Canadian miner has logged nearly 300,000 work hours without any reported injuries or environmental incidents. There are currently...
READ MORENexans has announced plans to invest more than €90 million ($95 million) in the development of an advanced copper recycling plant at its Lens site in northern France, with completion expected by 2026. This investment, in partnership with Continuus Properzi, aims to significantly boost production capacity and foster a more sustainable copper supply chain, which...
READ MOREKonkola Copper Mines (KCM) has announced a temporary shutdown of several operations following the second fatality in less than a week. In response to these incidents, KCM will conduct stand-downs across its mining and processing plants in Chingola, Chililabombwe, Nampundwe, and Kitwe for specified periods. These shutdowns are intended to facilitate thorough reviews of safety...
READ MOREMonday’s commodity markets experienced significant movements across copper, crude oil, and gold, influenced by a range of geopolitical and economic factors. Copper contracts on the London Metal Exchange (LME), crude oil futures on NYMEX, and gold futures on COMEX all saw gains as disruptions in mining, escalating geopolitical tensions, and economic signals shaped investor sentiment....
READ MOREFleet Space Technologies has been engaged to accelerate drill targeting at Thomson’s belt-scale gold and copper project. This initiative involves a large-scale geophysical survey using ExoSphere real-time 3D Ambient Noise Tomography (ANT) imaging across a 5,500 km² area. The survey aims to gather extensive 3D subsurface data to identify belt-scale geological structures, including cross-arc formations...
READ MOREMorgan Stanley analysts Rahul Anand and Shannon Sinha believe that the recent disruption at BHP Billiton’s Olympic Dam copper operations is unlikely to have a significant impact on either the company or the wider market. In a report, the analysts estimated that while it remains unclear how long the mining and processing operations will be...
READ MOREHuatai Securities has released a research report suggesting that Zijin Mining remains on course to achieve its annual production targets of 1.11 million tons of mined copper and 73.5 tons of gold, supported by quarter-on-quarter growth in copper and gold production during the third quarter of 2024. Zijin Mining also announced plans to acquire 100%...
READ MOREIndonesia’s Energy Minister, Bahil Lahadalia, recently announced a potential extension of copper concentrate export licenses for Freeport Indonesia and Amman Mineral for up to two months. This decision reflects the government’s broader efforts to upgrade and transform the domestic copper industry. As a significant producer of copper resources, Indonesia’s copper concentrate exports play an important...
READ MOREGreenX Metals has released its Quarterly Activities Report for the period ending September 30, 2024, providing updates on a significant arbitration award, the Tannenberg Copper Project, and the Eleonore North Gold Project. GreenX reported a major win in international arbitration against the Republic of Poland under both the Australia-Poland Bilateral Investment Treaty (BIT) and the...
READ MOREBHP reported a strong start to the 2025 financial year, with production increases across its major commodities during the quarter ending September 30, 2024. The company saw copper production rise by 4%, driven by higher grades and recoveries at the Escondida mine in Chile. Iron ore production from Western Australia Iron Ore (WAIO) increased by...
READ MOREBarrick Gold reported preliminary third-quarter production of 943,000 ounces of gold and 48,000 tonnes of copper, along with preliminary sales of 967,000 ounces of gold and 42,000 tonnes of copper. The company continues to anticipate a materially stronger fourth quarter, aiming to achieve its full-year gold and copper production guidance. The average market price for...
READ MORENippon Denkai announced on September 30, 2024, that it has entered into a seven-year technical support agreement with India’s Hindalco Industries, a manufacturer of copper cathodes and copper rod materials. The agreement, signed on September 28, is intended to support Hindalco as it begins producing copper foil for lithium-ion batteries in India. Under the agreement,...
READ MORECopper mining giant Antofagasta reported a fifteen percent increase in third-quarter production, while maintaining expectations for full-year output to reach the lower end of its guidance range. Copper production totaled 179,000 tonnes for the three months ending September 30, up 15.3% from the second quarter. Year-to-date output stands at 463,700 tonnes, down 1.2% compared to...
READ MOREOn October 15, President of Uzbekistan Shavkat Mirziyoyev reviewed the progress of the Yoshlik-1 deposit development in Almalyk, along with the construction of the third copper processing plant based on this deposit. The Almalyk Mining and Metallurgical Combine (AMMC) is a leader in the extraction of non-ferrous, rare, and precious metals. In 2023, the combine...
READ MORECopper prices fell on Tuesday as the dollar strengthened, and uncertainty loomed over China’s economic recovery following weak economic data and a lack of details regarding Beijing’s stimulus efforts. The three-month copper contract on the London Metal Exchange (LME) declined by 1.2%, trading at $9,547 per metric ton by 0722 GMT, marking its lowest point...
READ MOREAurubis, a leading global provider of non-ferrous metals and one of the largest copper recyclers, and Coficab, a major player in the automotive industry’s wires and cables sector, have renewed a multi-year contract for the supply of copper wire rod. This renewed contract aims to expand sustainable volume growth in the automotive wire and cable...
READ MOREFreeport Indonesia has suspended copper cathode production at its Manyar smelter following a fire that broke out on Monday, the company’s chief executive confirmed in an interview with Kompas TV on Tuesday. Chief Executive Tony Wenas stated that the duration of the production halt will depend on the outcome of an ongoing investigation into the...
READ MOREA recent study has found that there are approximately 823 million unused or broken electrical goods across the UK, containing up to 38,449 tonnes of copper. This quantity could supply 30% of the copper required to transition the country to a decarbonised electricity grid by 2030. Copper is a vital component for solar and wind...
READ MOREIvanhoe Mines, Inc. has reported record production figures for the third quarter of 2024 at its Kamoa-Kakula copper mine and Kipushi ultra-high-grade zinc mine, both located in the Democratic Republic of Congo (DRC). The Kamoa-Kakula mine, one of Ivanhoe Mines’ flagship projects, achieved a new milestone in the third quarter of 2024, producing a record...
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