Copper prices have leapt to near-record levels on the London Metal Exchange after closing at $US10,281 ($13,873) on Monday as strong demand for clean energy technologies continues.
BHP’s iron ore production for the September 2021 quarter has declined by six per cent due to planned maintenance and ongoing labour shortages caused by COVID-19-related border closures in Australia.
IGO has enhanced the potential of the Fraser Range nickel-copper joint venture with Boadicea Resources in Western Australia after uncovering a new target in the September quarter.
BHP and Encounter Resources have increased the footprint of the Elliot copper project joint venture (JV) in the Northern Territory by 2700 kilometres as the two companies aim to meet growing demand for the base metal.
South32 has secured two binding agreements with Sumitomo to acquire a 45 per cent interest in the Sierra Gorda copper mine in Chile for $US1.55 billion ($2.1 billion).
Newcrest Mining has revealed the potential for significant profit margins in stage one of the pre-feasibility study (PFS) for the Havieron gold joint venture project in Western Australia.
The copper market has entered record territory this year as supply chains double down on its importance in the clean energy revolution. Nickolas Zakharia writes.
Sandfire Resources has closed an institutional entitlement offer and placement to raise $926 million for its purchase of the Minas De Aguas Teñidas (MATSA) mining complex in Spain.
Celsius Resources has proven the MCB copper-gold project in the Philippines can deliver copper recoveries of 96.7 per cent following the completion of metallurgical test work.
Sandfire Resources is set to transform into a leading global copper producer after signing a deal to acquire the Minas De Aguas Teñidas (MATSA) mining complex in Spain from Trafigura and Mubadala Investment Company for $2.57 billion.