Nornickel 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 MORENickel Industries is strengthening its position as a major global nickel resource holder through strategic acquisitions in Indonesia. In August 2024, the company acquired the Sampala project and a 51% stake in the Siduarsi project, amid a severe nickel ore shortage in Indonesia. This shortage has driven a 45% increase in local nickel prices since...
READ MOREThe U.S. Securities and Exchange Commission (SEC) is investigating Freeport-McMoRan Inc. regarding its alleged failure to disclose earthquake risks associated with its newly built $3.7 billion Manyar copper smelter in Indonesia. The investigation was prompted by an anonymous complaint from a former contractor who claimed the complex could be at risk of collapsing into the...
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 MOREChina has strengthened its dominance over critical minerals essential for high-tech and renewable energy industries amid escalating geopolitical competition. Western nations are striving to regain market share, while countries in the Global South seek to capitalize on rising demand. In 2023, Chinese companies invested $16 billion in foreign mines—the highest level in a decade, up...
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 MOREChinese mining giant CMOC Group, also known as China Molybdenum, recently reached its annual cobalt production target three months ahead of schedule. While this achievement may appear promising, the cobalt market is currently facing record-low prices, the lowest in eight years, amid economic uncertainty. CMOC reported producing 84,722 tons of cobalt from its largely African...
READ MOREVancouver-based American Salars Lithium has signed an agreement to acquire the Lac Simard South Project in Québec, marking its first re-entry into the region. The Lac Simard South Project includes 64 claim blocks covering 3,672.75 hectares, neighboring Sayona Mining and Refined Metals’ Lac Simard property, which has reported samples of 4.52% lithium oxide and 5.88%...
READ MOREVancouver-based Kodiak Copper has decided to delay the release of its initial resource estimate for the MPD copper-gold project in British Columbia to achieve a more substantial outcome. According to Chairman Chris Taylor, the company is focusing on systematically drilling and building a resource base that fully reflects the project’s potential rather than rushing to...
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