Copper mining news

Newcrest and its Wafi-Golpu Joint Venture (WGJV) partner Harmony Gold have signed a framework MOU with Papua New Guinea.

Newmont Corp. has submitted a revised non-binding indicative proposal to the Board of Directors of Newcrest Mining Ltd to acquire 100% of the company’s issued share capital.

Teck and Agnico Eagle are now 50/50 joint venture partners at San Nicolás, working together to advance permitting and development of the high-quality copper-zinc project located in Zacatecas, Mexico.

After full implementation of the projects, Codelco will have more than 40 autonomous Sandvik trucks and loaders in operation at the El Teniente mine.

Multiple outcropping vein breccias have been mapped over a 1000 x 600 m area with 25% of outcrop samples assay over 1% Cu and 50% of samples assay over 0.3% Cu.

The company has started early-stage groundwork to increase the understanding of the Molulu Project and identity further drilling targets in preparation for the next drilling campaign.

The company forecasts total production increasing by 30 – 50%, to 70 000 – 75 000 gold equivalent oz for 2024 and 2025 (copper equivalent of 15 000 – 15 500 t).

Western Copper and Gold Corp. has announced a strategic equity investment by Mitsubishi Materials Corp. to further advance the company’s copper-gold Casino Project in the Yukon.

JX has extensive operational knowledge, which will help Lundin Mining to realise the full potential of the Caserones mining operation.

The MoUs aim to enable the parties to leverage their expertise in exploring opportunities to reduce the environmental footprint and improve materials and energy efficiency and manage waste streams in copper production.