A study co-led by the University of Michigan says copper needs to cost about twice as much as it currently does to incentivize companies to develop new mines. It found that the copper needed even just to sustain typical economic and population growth far exceeds the amount of copper currently mined.
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Hexagon’s Mining division is taking an exciting step forward in AI-based drill automation with the purchase of Drill Assist from Arizona-based Phoenix Drill Control LLC. The Drill Assist technology developed by Phoenix Drill Control uses artificial intelligence to continually optimize the drilling process, resulting in improved penetration rates, greater machine availability and reliable downhole data. Hexagon EVP, Mining, Dave Goddard…
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Emphasizing major energy and economic implications, a new International Energy Agency (IEA) report identifies vulnerabilities over the next decade, notably for copper and other critical minerals. The 2025 edition of the IEA’s Global Critical Minerals Outlook finds that critical mineral markets have become more concentrated, not less, particularly when it comes to refining and processing. For copper, lithium, nickel, cobalt,…
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London-based Central Asia Metals has entered into a definitive Scheme Implementation Deed (SID) with New World Resources to acquire the Australia-based, North American-focused company for A$185 million. The acquisition will add the Antler copper project in Arizona (USA) to Central Asia Metals’ portfolio. “The addition of this high-grade copper project in a tier-one jurisdiction will significantly strengthen our portfolio. We…
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The Weir Group and CiDRA Minerals Processing recently signed a global collaboration agreement alongside a strategic investment by Weir in CiDRA’s mining business. This partnership will accelerate the commercialization and deployment of CiDRA’s P29 technology, which introduces an innovative mineral separation solution and unlocks novel flowsheet designs. Under the terms of the agreement, Weir and CiDRA will collaborate globally to…
Read MoreCaterpillar Inc. released its 2024 Annual and Sustainability Reports, showcasing the company’s notable strides advancing the business across all segments. The 2024 reports underscore Caterpillar’s commitment to building a better, more sustainable world, and highlight the collective efforts of global Caterpillar employees in meeting customer needs and achieving the company’s goals. “The reports detail Caterpillar’s investment of more than $30…
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Komatsu and Ouster have signed a multimillion-dollar agreement to equip Komatsu’s autonomous mining offerings with advanced 3D digital lidar sensors. The deal provides a pathway to an upgraded autonomy stack to replace legacy 2D lidar systems. Komatsu’s autonomous solutions will incorporate a mix of long and short-range OS sensors from Ouster’s REV7 series to benefit future offerings to provide increased…
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Saudi Arabia’s cabinet said it is set to discuss a potential agreement with the United States about cooperation in the mining and mineral resources sectors, reported Reuters. U.S. President Donald Trump has a planned trip to the Middle Eastern kingdom next week. Saudi Arabia has been rapidly expanding its mining sector as part of its Vision 2030 economic diversification program,…
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In what its executives have called a world first, The Metals Company (TMC) has submitted applications to the National Oceanic and Atmospheric Administration (NOAA) for two exploration licenses and one commercial recovery permit under the Deep Seabed Hard Mineral Resources Act (DSHMRA). CEO Gerard Barron said the company made the move after last month’s executive order from U.S. President Donald…
Read MoreJennmar, on behalf of its Jennmar Services (JMS) subsidiary, has acquired maintenance and repair services group Rohrig Heavy Equipment Maintenance. The transaction will expand the offerings of JMS, it said, bolstering its existing capabilities as a contract labor and customized industrial solutions that provides plant maintenance, trucking, excavation, reclamation, water transfer, fabrication and welding, steel erection, concrete services, and operations.…
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