Swedish miner Boliden has entered into a definitive agreement with Lunding Mining to acquire the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden for up to US$1.5 billion in total consideration. “The addition of two cash flow generative zinc and copper mines in Portugal and Sweden has a strong industrial logic as well as a strategic fit,” said…
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Newmont confirmed its Cadia operation in Orange, New South Wales, Australia has achieved The Copper Mark and The Molybdenum Mark following an independent assessment that recognised the responsible production practices at Australia’s largest underground mine. Cadia, Newmont’s first site globally to receive the award, successfully met more than 30 criteria needed in critical areas including environment, community, human rights and…
Read MoreBuilding upon an already long-standing relationship, FLSmidth and Enter Engineering have signed a strategic cooperation agreement for the delivery of the core mineral processing equipment for the MOF-4 copper-gold-molybdenum concentrator under construction in Almalyk, Tashkent region, Uzbekistan. Once completed, the company said the plant is projected to become one of the largest copper concentrators in the world. The deal covers…
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Ero Copper announced a significant commissioning milestone at the Tucumã project in Pará, Brazil, with the production of saleable copper concentrate, which exceeded process design concentrate grade targets. This milestone was achieved following the successful commissioning of the milling and flotation operations prior to the end of the second quarter of 2024. Remaining work on site is focused on concluding…
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Capstone Copper has produced the first saleable copper concentrate at its Mantoverde development project (MVDP) in Chile, as the copper-gold mine advances commissioning and ramps up to full production levels. “First saleable copper concentrate production at MVDP is a significant milestone for Capstone. This achievement is a testament to our dedicated and skilled teams, who continue to work towards a…
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PT Freeport Indonesia (PTFI) recently said it launched delivery of its first-ever shipment of copper concentrate to its new smelter in the Java Integrated Industrial and Port Estate (JIIPE) special economic zone (KEK) in Gresik, East Java Province. The delivery from the Amamapare Port in Mimika Regency, Central Papua Province, arrived 14 June. The new PTFI smelter began operating this…
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Global miner OceanaGold has confirmed an employee of its Didipio gold-copper mine in Luzon, Philippines, was fatally injured on 21 June. The unnamed individual was found unresponsive on the ground in the vicinity of the paste plant and was unable to be revived. Mine operations were voluntarily suspended for 24 hours to allow for the workforce to be informed of…
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Freeport Indonesia has raised its output guidance to 3.78 million metric tons for the year as it awaits an extension of its copper concentrate export permit, reported Reuters. Deputy CEO Jenpino Ngabdi said the output target was lifted assuming the permit extension is approved, which the government has promised. The miner also raised its 2024 refined copper output target to…
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In a move to gain direct access to its biggest market, Russian metals producer Nornickel said it will close its Arctic copper plant and build one in China with an unnamed partner, reported Reuters. The project is a major shift for Nornickel, which is simultaneously adapting to sanctions on Russia and to changing buying preferences in its main sales destination,…
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Chilean miner Antofagasta Minerals unveiled a new desalination plant that will help mitigate the effects of a 15-year drought on the production of copper at its flagship mine, according to Reuters. Chilean President Gabriel Boric praised the $2 billion-plus project, saying the situation in the Coquimbo region, where the Los Pelambres mine is located, is concerning. “Especially with the climate…
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