Le Cuivre

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suite de ce post du 9 juin 2024 viewtopic.php?p=2392446#p2392446

Hudbay receives all permits for Copper World project in Arizona

Staff Writer | January 2, 2025

Hudbay Minerals’ (TSX, NYSE: HBM) proposed 85,000-tonne-per-year Copper World project in Arizona is now fully permitted for development after receiving all three key state-level permits.


On Thursday, the miner announced that the Arizona Department of Environmental Quality (ADEQ) has issued its air quality permit. This, it said, combined with the earlier aquifer protection and land reclamation approvals, completes the project’s permitting process.

“With the receipt of the air quality permit for Copper World, we firmly believe Hudbay now has the best fully permitted copper development project in the Americas,” CEO Peter Kukielski said in a news release.

Securing the state permits means Hudbay has completed the first part of its 3-P (three prerequisites) plan for sanctioning the Copper World project.

The company’s focus now turns to the second “P”, which is the completion of a definitive feasibility study (DFS) with an internal rate of return of greater than 15%. Activities related to the feasibility study have already begun, with completion targeted for the first half of 2026.

The third “P” is a multi-faceted financing strategy, including a committed minority joint venture partner. This process is also expected to begin in early 2025. It is anticipated that any partner would participate in the funding of the DFS activities in 2025, as well as in the final project design and construction for Copper World.

According to Hudbay, Copper World is expected to increase its consolidated annual copper production by more than 50% from current levels and, with a mine life 20 years in its initial phase, the operation will be a key contributor to the domestic US supply chain.

According to an updated prefeasibility study for Phase I of Copper World, it will have an after-tax net present value at $1.1 billion (at an 8% discount rate) and an internal rate of return of 19%, based on a copper price of $3.75/lb.

Shares of Hudbay Minerals rose 5.0% to C$12.24 apiece by 2 p.m. ET, near the upper end of its 52-week range of C$6.72-C$14.33. The Toronto-based company has a market capitalization of C$4.8 billion.

https://www.mining.com/hudbays-copper-w ... permitted/

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Decouverte de Cuivre au Chili :

Marimaca Makes Pampa Medina Norte Discovery – Intersects 18m at 5.1% CuT within 102m at 1.2% CuT, both within a broad zone of 400m at 0.5% CuT
December 30, 2024
| Source: Marimaca Copper Corp.

VANCOUVER, British Columbia, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the discovery of the northern extension of the Pampa Medina deposit, located approximately 26km from the Company’s flagship Marimaca Oxide Deposit (“MOD”). The Company also reports results from the maiden scout drilling program at the Pias target, located northwest of Pampa Medina within the broader Sierra de Medina (“SdM”) Property Block (see Figure 1).
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https://www.globenewswire.com/news-rele ... 5-CuT.html

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suite de ce post du 9 nov 2024 viewtopic.php?p=2402044#p2402044

Cuivre : Ivanhoe veut produire 580 000 tonnes en 2025 sur la plus grande mine de RDC

Agence Ecofin 08 janv 2025

Kamoa-Kakula est la plus grande mine de cuivre en RDC. Exploitée par une coentreprise entre le canadien Ivanhoe Mines, le chinois Zijin Mining et le gouvernement congolais, la mine dispose d’une capacité de production annuelle de 600 000 tonnes de concentré de cuivre.

Ivanhoe Mines vise une production de cuivre comprise entre 520 000 et 580 000 tonnes en 2025, sur son complexe Kamoa-Kakula en RDC. C’est l’annonce faite mercredi 8 janvier par la compagnie canadienne, qui précise que la plus grande mine congolaise de cuivre a livré 437 061 tonnes en 2024, conformément à sa fourchette révisée (425 000 à 450 000 tonnes).

En revoyant à la hausse ses objectifs pour le nouvel exercice, Ivanhoe confirme la montée en puissance continue de Kamoa-Kakula, dont la production en 2024 a augmenté de 12 % en glissement annuel. Cette montée en puissance est attribuable à la mise en service d’un troisième concentrateur sur le complexe en juin 2024, qui a porté la capacité de production installée à 600 000 tonnes par an de concentré de cuivre dès 2026.

Il faut souligner que la hausse de la production de cuivre de Kamoa-Kakula contribue à celle de la RDC, qui est devenue en 2023 le deuxième producteur mondial de cuivre devant le Pérou. Le gouvernement congolais a cependant critiqué, au cours des derniers mois, le processus de vente du cuivre produit à Kamoa-Kakula, estimant que les prix négociés par son propriétaire ne respectent pas « les prix concurrentiels fixés sur le marché ». En Conseil des ministres début octobre 2024, le ministre du Portefeuille Jean-Lucien Bussa recommandait ainsi une implication de l’État dans la sélection des acheteurs de la production de Kamoa.

Pour rappel, Kamoa-Kakula est une coentreprise comprenant Ivanhoe Mines (39,6 %), Zijin Mining Group (39,6 %), Crystal River (0,8 %) et l’État congolais (20 %).

https://www.agenceecofin.com/actualites ... ine-de-rdc

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suite de ce post du 14 mai 2023 viewtopic.php?p=2369367#p2369367

Faraday’s Copper Creek drill results show resource growth potential in Arizona

Henry Lazenby - The Northern Miner | January 8, 2025

Faraday Copper (TSX: FDY) on Wednesday reported high-grade drill results from its Copper Creek project in Arizona, expanding near-surface and vein-hosted mineralization.


Faraday’s drilling supports the theme of finding more shallow-depth minerals at the site 150 km southeast of Phoenix, BMO Capital Markets mining analyst Rene Cartier said. Cartier also flagged exploration potential outside the current resource area in his note on Wednesday. He suggested two holes in the American Eagle area, two in the Rum area and one east of last year’s Area 51 discovery showcased scope for growth.

Among the highlights, hole FCD-24-082 delivered 118.3 metres (true width 68 metres) grading 0.3% copper and 1.14 grams silver per tonne from the Prada breccia at 168.9 metres depth. The hole included a higher-grade interval of 22.5 metres (13 metres true width) at 0.5% copper and 1.4 grams silver.

The same hole intersected 109.4 metres (63 metres true width) at 0.4% copper, 0.007% molybdenum and 1.24 grams silver from the Boomerang breccia. This included 40.1 metres (23 metres true width) grading 0.8% copper, 0.02% molybdenum and 2.3 grams silver from 459.1 metres depth.

“This result not only confirms mineralization at depth but also showcases continuity within known breccias,” Cartier said.

The $2.7 billion capex project contains 4.2 billion lb. copper, 74.6 million lb. of molybdenum and 15.5 million oz. of silver, according to a measured and indicated resource in a 2023 preliminary economic assessment (PEA).
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https://www.mining.com/faradays-copper- ... n-arizona/

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Chile's Codelco copper output up 'slightly' in 2024, Chairman tells paper

By Reuters January 6, 2025 SANTIAGO

Copper production at Chile's Codelco, the world's largest producer of the metal, was "slightly higher" in 2024 from the previous year, Chairman Maximo Pacheco said in an interview with a local newspaper on Monday.

In the interview with Diario Financiero, Pacheco said production increased by 3,000 to 4,000 metric tons from 2023's 1.325 million tons.
"We crossed the production valley in 2024 and are ready to start 2025 on the upswing to retake the peak of 1.7 million tons of fine copper at the end of the decade," Pacheco said, adding that December's production topped 160,000 tons.

Codelco has been struggling to revive output from a 25-year low and made a late dash in December to hit its 2024 targets. The company had been grappling with construction problems at key mines, accidents and a drop in ore grades.
Despite copper output falling behind target by May, including delays caused by worker deaths, the company made a strong push in the final months of the year.

In the interview, Pacheco said he expected the company to have binding offers from potential joint venture partners in its Maricunga lithium project in the first quarter of 2025.

https://www.reuters.com/markets/commodi ... 025-01-06/

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Un projet de mine de Cuivre en Alaska.

Trilogy Metals announces positive study results for Bornite copper project in US
The Bornite PEA was prepared on a 100% ownership basis, of which Trilogy Metals' share is 50%

Refna Tharayil 16th Jan 2025

rilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (“Trilogy Metals” or the “Company”) is pleased to announce the positive results of its Preliminary Economic Assessment Study (“Bornite PEA”) for the Bornite copper project in the Ambler Mining District of Northwestern Alaska (the “Bornite Project”). The Bornite Project is held by Ambler Metals LLC (“Ambler Metals”), the joint venture operating company equally owned by Trilogy Metals and South32 Limited (“South32”). The Bornite PEA was prepared on a 100% ownership basis, of which Trilogy Metals’ share is 50%. All amounts are in U.S. dollars unless otherwise stated.

The PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized.

The Bornite PEA describes the technical and economic viability of establishing an underground mining operation for a 6,000 tonne-per-day operation with a 17-year mine life. The PEA assumes re-purposing the infrastructure described in the Company’s current Feasibility Study for the Arctic Project for use with the Bornite Project once the Arctic deposit has been depleted.

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The Bornite PEA is based on a 6,000 tonne-per-day underground mining operation with conventional milling and flotation process that results in the production of copper concentrate. Based on the Bornite PEA level metallurgical work on the sulphide mineralization, the average recoveries are projected to be 90.9% for copper, producing a copper concentrate grade average of 29.5% over the life-of-mine.
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https://www.nsenergybusiness.com/news/t ... &cf-closed

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Une avancée majeure ! Les ressources en cuivre récemment découvertes sur le plateau Qinghai-Tibet s'élèvent à plus de 20 millions de tonnes

2025-01-06 source：Actualités CCTV

Le journaliste a appris du Service géologique chinois du ministère des Ressources naturelles que la Chine a réalisé une percée majeure dans la prospection minière sur le plateau Qinghai-Tibet, avec plus de 20 millions de tonnes de ressources en cuivre nouvellement découvertes.

Selon les rapports, quatre bases de ressources en cuivre de 10 millions de tonnes, dont Yulong, Duolong, Julong-Jiama et Xiongcun-Junuo, ont été formées sur le plateau Qinghai-Tibet. ressources Avec un potentiel de 150 millions de tonnes, le plateau Qinghai-Tibet devrait devenir une base de ressources en cuivre de classe mondiale.

Tang Juxing, académicien de l'Académie chinoise d'ingénierie : Le cuivre, en tant que véritable métal clé, est particulièrement important dans le développement et l'utilisation de l'énergie verte, comme notre énergie solaire, l'énergie éolienne terrestre, l'énergie éolienne offshore. l'énergie et nos véhicules à énergie nouvelle Beaucoup de cuivre. L'exploration et l'augmentation des réserves de ces mines de cuivre jouent un rôle très important dans la construction de l'importante base de ressources de notre pays et peuvent garantir la sécurité de la chaîne industrielle du cuivre et de la chaîne d'approvisionnement de notre pays.

En outre, 3,65 millions de tonnes de ressources en cuivre ont été ajoutées dans les parties profondes de la mine de cuivre de Duobaoshan dans le Heilongjiang. Les résultats de cette série de prospection de cuivre amélioreront considérablement les ressources de mon pays. capacités de sécurité des ressources en cuivre. Dans la prochaine étape, la Commission géologique de Chine du ministère des Ressources naturelles continuera d'augmenter l'intensité des études géologiques de base des minéraux, de renforcer le rôle de premier plan de l'innovation scientifique et technologique, de découvrir l'origine des ressources en cuivre et de s'efforcer de construire un certain nombre de nouvelles bases de ressources en cuivre à grande échelle pour former une zone de démonstration économique de l'industrie des ressources en cuivre moderne.

Tang Juxing, académicien de l'Académie chinoise d'ingénierie : S'appuyer sur les grands projets nationaux spéciaux d'exploration des sols profonds et d'exploration minérale pour ajouter les ailes de l'innovation scientifique et technologique à l'exploration du cuivre et à la prospection minérale. Nous avons déployé un grand nombre de projets pour soutenir une nouvelle série d'actions stratégiques révolutionnaires en matière de prospection minière, telles que l'exploration des ressources terrestres et l'utilisation verte. Nous voulons ouvrir de nouveaux « champs de bataille » pour la prospection du minerai de cuivre dans de nouvelles zones, telles que les zones continentales de roches volcaniques du Zhejiang, du Fujian, du Guangdong, du Jiangxi, du Liaoning, du Jilin, du Heilongjiang et de l'Altay dans les monts Tianshan.

https://www.china-news-online.com/lang/ ... 05157.html

lesechos :

Cuivre : inquiétude au Chili après la découverte d'une giga mine en Chine

Début janvier, la Chine a annoncé avoir trouvé un gisement contenant près de 20 millions de tonnes de cuivre dans la région du Tibet à l'ouest du pays. Une découverte qui préoccupe le Chili, premier producteur de cuivre au monde, dont le métal rouge représente plus de la moitié des exportations.

Il pourrait bien s'agir de la plus grande mine de cuivre au monde. Sur le plateau du Tibet, à l'ouest de la Chine, un gisement de près de 20 millions de tonnes de cuivre a été découvert, a déclaré le ministère chinois des Ressources naturelles et le Bureau géologique national le 6 janvier dernier.
... abonnés

https://www.lesechos.fr/finance-marches ... ne-2143395

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suite de ce post du 18 aout 2024 viewtopic.php?p=2396705#p2396705

Barrick’s Reko Diq mine in Pakistan to generate $74bn over 37 years
Barrick Gold considers Reko Diq one of the largest under-developed copper-gold areas globally.

January 21, 2025

The Reko Diq mine is expected to produce $74bn in free cash flow over the next 37 years, according to Barrick Gold CEO Mark Bristow.

Barrick Gold holds a 50% stake in the mine, while the governments of Pakistan and Balochistan own the remaining stake.

The mine’s development is expected to significantly impact Pakistan’s economy, according to a report by Reuters.

Barrick Gold considers Reko Diq one of the largest under-developed copper-gold areas globally.

The project, which has been delayed due to a dispute resolved in 2022, is expected to start production by the end of 2028.

The first phase will produce 200,000 tonnes of copper annually, with an estimated cost of $5.5bn.

This phase is set to be completed by 2029, according to Bristow.

The second phase is projected to double the production, with an estimated capital cost of $3.5bn.

Mine reserves are estimated to last up to 37 years, but Bristow noted that upgrades and expansions could potentially extend its lifespan.

According to the report, the $74bn in free cash flow could generate substantial dividends, royalties and taxes for Pakistan, which currently holds approximately $11bn in foreign reserves.

Barrick Gold is engaging with railway authorities and infrastructure providers to modernise the coal terminal at Port Qasim, near Karachi.

This development will enhance infrastructure for copper transport within the country and for export.

Bristow confirmed that the project is moving forward as planned, with the fencing, accommodation and surveys completed.

Additionally, Saudi Arabian mining company Manara Minerals may invest in the Reko Diq mine in the next two quarters, as stated by Pakistani Petroleum Minister Musadik Malik.

Executives from Manara visited Pakistan in May last year for discussions about acquiring a stake in the project.

Malik also mentioned that Pakistan is in talks with other Gulf countries regarding mining opportunities.

https://www.mining-technology.com/news/ ... s/?cf-view

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Zambia’s copper output rises by 12% in 2024
The country plans to increase copper output to 3mtpa within the next decade.

January 23, 2025

Zambia’s copper production rose by 12% in 2024 to approximately 820,670 tonnes (t), up from 732,580t in the previous year.

According to Mines Minister Paul Kabuswe, this increase is attributed to the recovery of production at major mines, reported Reuters.

The government anticipates that the sector will bolster economic growth.

Barrick Gold‘s Lumwana mine in north-west Zambia ramped up its output, while Konkola Copper Mines (KCM), owned by Vedanta Resources, resumed operations.

Additionally, production improved at Mopani Copper Mines, which was recently bought by United Arab Emirates-based International Resources Holding.

Production increased despite electricity shortages due to a drought in the country that impacted hydroelectric power generation, Kabuswe said.

Zambia, reputed to be Africa’s second-largest copper producer after the Democratic Republic of Congo, aims to increase copper output to three million tonnes per annum (mtpa) within the next decade.

Vedanta, backed by Indian billionaire Anil Agarwal, intends to invest $1.3bn (Rs112.46bn) to revitalise KCM after a dispute with Zambian authorities over ownership.

Canadian miners Barrick and First Quantum Minerals are also stepping up production at their Zambian mines.

KoBold Metals, supported by US investors, is also reportedly planning a $2bn copper mine in Zambia.

The country announced plans in October last year to expand copper production, aiming to quadruple output by the early 2030s.

This expansion requires investment to advance early-stage projects into operational mines.

Jito Kayumba, special assistant for finance and investment to Zambia’s President Hakainde Hichilema, pointed out that the Zambian Mines Ministry will be transferring more than 40 mining permits to a state-owned enterprise.

This state-owned entity will negotiate partnerships with potential investors.

Last November, Japanese trading company Mitsui placed the highest bid for a 20% stake in First Quantum Minerals’ Zambian Sentinel and Kansanshi copper mines.

The bid, valued at approximately $2bn (Y308.82bn), surpassed a competing offer from Saudi Arabia’s Manara Minerals Investment.

https://www.mining-technology.com/news/ ... &cf-closed

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suite de ce post du 9 oct 2022 viewtopic.php?p=2354868#p2354868

Chile orders definitive closure of Lundin’s Alcaparrosa mine operations
The investigation was prompted by a sinkhole exceeding 60m in depth that formed in 2022.

January 31, 2025


The agency’s findings have resulted in the order for the mine’s total and definitive closure. Credit: Superintendencia de Medio Ambiente.

Chile’s environmental agency, Superintendencia de Medio Ambiente (SMA), has ordered the complete and definitive closure of the Mina Alcaparrosa project, operated by Compañía Contractual Ojos del Salado, the local mining unit of Lundin Mining.

The order follows an investigation launched by the SMA due to the development of a sinkhole exceeding 60m in depth in 2022, approximately 900m from the urban area of Tierra Amarilla in the Atacama Region.

The SMA initiated a sanctioning procedure against the mining company, formulating four charges for various breaches committed by the owner, including a total fine exceeding $3.3m (3.25bn pesos).
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JSW Group to invest $301m in India copper mines in non-ferrous foray as steel prices dull

Reuters | January 27, 2025

India’s steel-to-power conglomerate JSW Group will invest 26 billion rupees ($301.2 million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous metals as steel prices fall.


The billionaire Sajjan Jindal-led group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper for a period of 20 years, with the option to extend it for another decade.

“Venturing into non-ferrous metals, particularly copper, is a strategic move,” said Parth Jindal, the managing director of JSW Paints and the IPO-bound JSW Cement.

Steel production in India has been hit by low prices, weak demand from top consumer China and cheap Chinese steel flooding domestic markets — the effect of which has led to the group’s flagship firm JSW Steel missing profit estimates for the past four quarters in a row.

With the expansion, JSW Steel will directly compete with Vedanta, Hindalco, Hindustan Copper and Adani Copper – all of which currently dig up the brown metal used to make cables and wires.

Once ramped up, the mines will have a copper ore capacity of 3 million tonnes per annum (MTPA) and are expected to be part-operational in the second half of the fiscal year 2027, the group said in a statement.

($1 = 86.3290 Indian rupees)

https://www.mining.com/web/jsw-group-to ... ices-dull/