Ivanhoe Electric has provided an update on the Santa Cruz Copper Project in Arizona, where it continues to make strides towards project development. The company remains on schedule to complete its Preliminary Feasibility Study (PFS) by the second quarter of 2025. This study, which is now 50% complete, will be critical for Ivanhoe Electric’s decision-making and pursuit of long-term financing...
Copper news
Zambia’s Mines Rely on Eskom as Hydropower Crisis Threatens Kariba Dam Shutdown
Zambia’s largest mines are turning to South Africa’s Eskom Holdings to combat a severe energy crisis caused by a historic drought. This crisis has depleted the country’s hydropower resources, threatening the shutdown of the Kariba Dam, the world’s largest man-made reservoir, which supplies the majority of Zambia’s power. The drought has reduced power generation, leaving households with only three hours...
True North Copper Delivers First Oxide Ore at Wallace North, Cloncurry Copper Project
True North Copper has successfully ramped up mining activities at its Wallace North deposit, part of the Cloncurry Copper Project (CCP) in Queensland. The company remains on track to become Australia’s next copper producer and critical metals supplier by the first quarter of 2025, as CCP progresses toward restarting operations. To date, approximately 155,000 bank cubic metres (BCM) of overburden...
Uzbekistan’s Copper Tube Production Soars by 33.9% in First Seven Months of 2024
From January to July 2024, Uzbekistan’s copper tube production surged by 33.9% year-on-year, reaching 17.4 thousand tons, according to the country’s Statistical Agency. In July alone, production amounted to 2.5 thousand tons, reflecting the growing capacity of the sector. Uzbekistan’s metal exports also saw a significant boost, with the country exporting $84.3 million worth of metal products by early August,...
Doosan Completes Construction of High-End Copper Foil Plant for Automotive Electronics and 5G
South Korea’s Doosan Corporation has completed the construction of a state-of-the-art copper foil plant, which will produce materials essential for automotive electronic components and 5G communication equipment. The company held a ceremony on Thursday to mark the completion of the high-end flexible copper-clad laminate (FCCL) plant at the Horizon Industrial Complex in Gimje, North Jeolla Province. The new facility spans...
Barrick Set to Double Copper Production at Lumwana Mine in Zambia by 2025
Toronto-based miner Barrick Gold announced that it expects to complete the feasibility study for a significant expansion of its Lumwana copper mine in Zambia by the end of this year, with construction slated to begin in 2025. The planned expansion aims to increase plant throughput from 27 million tonnes to 52 million tonnes annually by twinning the existing process circuit...
Artemis and Anax Join Forces for Pilbara Copper and Gold Projects
Artemis Resources and Anax Metals have signed a Memorandum of Understanding (MoU) to explore the potential of processing copper assets from Artemis’ Carlow Castle deposit at the Whim Creek processing hub in Pilbara. The Carlow Castle deposit holds an inferred resource of 64,000 tonnes of copper, and the companies are considering the inclusion of other copper projects in the region....
BEP Surface Technologies and Carbodeon Collaborate on Nanodiamond Copper Coating
BEP Surface Technologies, a specialist in electroplating, has entered into a strategic partnership with nanodiamond manufacturer Carbodeon to develop the world’s first copper-nanodiamond composite coating. This collaboration aims to create a novel material with enhanced thermal conductivity and improved wear resistance. Nanodiamonds, microscopic diamond particles, possess unique structures that significantly improve the performance of metal coatings. By combining nanodiamonds with...
Vale Base Metals Begins Multi-Year Dismantling of Iconic Stacks at Sudbury’s Copper Cliff Smelter
Vale Base Metals (VBM) announced on Wednesday that it is moving ahead with the dismantling of the copperstack and superstack at the Copper Cliff smelter complex in Sudbury, Ontario. This marks the next phase in the company’s efforts to modernize its Canadian operations. The project stems from a multi-billion-dollar investment program unveiled in 2010, which included C$1 billion dedicated to...
Copper Prices Retreat from Record Highs Amid Weak Demand, Long-Term Outlook Remains Positive
After reaching a peak of $10,800 per tonne in May 2024, copper prices have fallen by 19% in recent months due to sluggish demand, particularly from China. Despite this downturn, the long-term outlook for copper remains optimistic, encouraging plans to increase production in the Democratic Republic of Congo (DRC) and Zambia. BHP, the world’s second-largest copper producer, announced at the...