The global copper industry must invest more than US$100 billion in new mines in order to close what could be an annual supply deficit of 4.7 million tonnes by 2030, CRU Group’s head of base metals revealed this week. Speaking at the 2022 CRU World Copper...
Canada’s Ivanhoe Mines has begun producing copper concentrate at its Kamoa-Kakula project in the Democratic Republic of Congo (DRC), which it believes will eventually become the world’s second largest copper mine. Ivanhoe and its partner Zijin Mining said first ore from the Kakula mine was introduced...
The world’s number one miner BHP announced increased copper production but a sharp fall in iron ore output as its overall guidance for 2018 remain unchanged. Copper production for Q2 was boosted to 404,000 tonnes by better performance at the Escondida mine, rising 23% on the...
An executive from the world’s largest mining company BHP (ASX:BHP) has indicated that 2017 is set to be the turning point for electric cars, as demand for crucial commodities begins to accelerate. Speaking at an event in Singapore Arnoud Balhuizen, chief commercial officer at BHP said:...
Rio Tinto (ASX:RIO) has reported reduced iron ore shipments from the Pilbara region of Western Australia in its latest production report for the second quarter of 2017. The Anglo-Australian mining giant shipped 77.7 million tonnes of iron ore from the Pilbara, a 6% decrease on the...
BHP Billiton (ASX:BHP) has announced it exceeded full year 2016 production guidance for copper, petroleum and coking coal, but has missed its full-year iron ore production target.