Jiangxi Copper, China’s largest supplier of refined copper, forecasts that the global shortage of copper ore will persist into the second half of the year, continuing to exert downward pressure on processing fees. The company highlighted this in its recent earnings report, noting an increasing certainty that supply constraints at mines will remain a challenge. The ongoing ore shortage has...
Ore news
Atalaya Mining Reports Strong Q2 2024 Operations and Financial Update
Atalaya Mining has released its operations update for the second quarter of 2024, showing robust performance at its Proyecto Riotinto in Spain despite some challenges. During Q2 2024, Atalaya mined 3.8 million tonnes of ore, slightly down from 3.9 million tonnes in Q2 2023, but up from 3.7 million tonnes in Q1 2024. Waste mined amounted to 7.5 million tonnes,...
Trigon Metals Reports Record May Production and FY2025 Guidance
Trigon Metals Inc has announced highlights of its May 2024 underground production at the Kombat mine and provided production guidance for the remainder of its 2025 financial year (FY2025). In May 2024, the Kombat mine achieved several record-breaking underground mining days, resulting in an average production of 12.1 tonnes of copper per day. The total underground ore mined for the...
Newmont Pushes for $2 Billion Asset Sales Despite Telfer Delays
Newmont CEO Tom Palmer remains confident that the company will divest its unwanted assets by early next year, targeting a $2 billion boost to its balance sheet, despite ongoing issues at its Telfer mine in the Pilbara. Newmont’s sales process for mines in Australia, Ghana, and North America has been bolstered by strong gold prices, which remain above $2,300 an...
Growth in Indian Mining Sector in April 2024 Following Record Production Levels in FY 2023-24
The Indian Ministry of Mines reports continued growth in the mining sector in April 2024, following record production levels in the fiscal year 2023-24. Iron ore and limestone, which together account for about 80% of the total MCDR mineral production by value, showed significant increases in production. In FY 2023-24, iron ore production reached 277 million metric tonnes (MMT), while...
SLN Nickel Processing Plant Faces Ore Supply Crisis Amid New Caledonia Riots
The nickel processing plant of New Caledonian producer SLN needs ore supplies within the next 10 days to keep its furnaces operational, according to Christel Bories, CEO of main shareholder Eramet. SLN halted mining activities in New Caledonia due to ongoing riots in the French Pacific territory. However, loading of some mine stocks began on Thursday following negotiations with protestors,...
Ivanhoe Mines Achieves First Ore Feed at Kamoa-Kakula Phase 3 Concentrator
Ivanhoe Mines has announced the successful feed of first ore into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) on May 26, 2024. This marks the completion of construction for the Phase 3 concentrator, achieved months ahead of schedule and on budget. The first concentrate from Phase 3 is expected in...
China Tightens Grip on Critical Minerals as Western Efforts Falter
For the past few years, the West has been trying to break China’s grip on minerals critical for defense and green technologies. Despite these efforts, Chinese companies are becoming more dominant. They are expanding operations, supercharging supply, and causing prices to drop, making it hard for challengers to compete. “China is not just standing still waiting for us to catch...
Griffin Mining Reports Significant Revenue Growth for 2023
Griffin Mining has announced a substantial increase in revenue for 2023, reporting $146.02 million compared to $94.4 million in 2022. The AIM-traded firm’s gross profit rose to $51.84 million from $38.25 million year-on-year, while earnings before depreciation, interest, and tax increased to $51.86 million, up from $35.22 million the previous year. Operating profit saw a significant jump to $23.84 million...
Global Mining Flotation Chemicals Market Poised for Growth
The global mining flotation chemicals market is poised for expansion, with an estimated increase of USD 3.00 billion from 2024 to 2028, marking a growth rate of 5.13% annually during the forecast period. The Asia-Pacific (APAC) region is expected to contribute significantly, accounting for 37% of the global market growth. The demand in APAC is primarily driven by its abundant...