Maximilian Court’s Post

#Copper has become the new #oil, and no big mining house can prosper without the #metal considered critical to the transition to a low-carbon future. Everyone wants copper and the price is soaring as supply proves incapable of meeting demand. BHP leaked proposal, valued at US$39-billion, tried to use its shares as the currency to buy Anglo, chiefly to get at its thriving copper mines in Chile and Peru. #criticalminerals #ev #building #buildings #construction #steel #mining #exploration #prospecting #ores #mines #minerals #battery #batteries Mining Association of Canada Mining Association of BC Ontario Mining Association Prospectors & Developers Association of Canada (PDAC) BC Regional Mining Alliance CIM | Canadian Institute of Mining, Metallurgy and Petroleum The Northern Miner Canadian Association of Petroleum Producers (CAPP) Canadian Energy Executive Association Saskatchewan Mining Association AME - Association for Mineral Exploration Canadian Fuels Association - Association canadienne des carburants Canadian Natural Resources Limited (CNRL) Canadian Manufacturers & Exporters Canadian Hydrogen and Fuel Cell Association Canadian Hydrogen Association (CHA) Manitoba Prospectors and Developers Association (MPDA) The Mining Association of Manitoba Inc. Canadian Heavy Oil Association NWT & NU Chamber of Mines Canadian Mineral Processors CMP BC/YK

Dundee processes 188,800 tonnes of complex concentrate in 2023 Dundee Precious Metals Inc. says it processed approximately 188,800 tonnes of complex concentrate in 2023, an 8% increase from 174,122 processed in 2022 at the Tsumeb Smelter. The company says the increase is despite the facility facing unexpected hurdles encountering unplanned downtime and extended Ausmelt furnace maintenance. The challenges, notably repairs to the off-gas system, led to processing figures below the annual guidance range as the smelter had aimed at 200,000 to 220,000 tonnes of complex concentrate smelted. "Despite the challenges faced in 2023, we remain committed to delivering strong results and maintaining our track record of sustainability performance," said David Rae, President and Chief Executive Officer of Dundee Precious Metals. https://lnkd.in/dBe_b9U4 #namibia #mining #gold Dundee Precious Metals Tsumeb Chamber of Mines Namibia

Canadian mines for sale… and guess who’s buying it?!? Selling coal assets due to lack of shareholder support, because they can’t tell the difference between metallurgical coal and thermal coal… Another frustrating chapter in the Canadian mining history #mining #coal #steelmaking

𝗕𝗹𝘂𝗲𝗦𝗰𝗼𝗽𝗲 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝘀 $𝟮.𝟱𝗯 𝗦𝗼𝘂𝘁𝗵𝟯𝟮 𝘄𝗲𝗶𝗴𝗵-𝗶𝗻 by Kelsie Tibben; Australian Mining BlueScope has said it will “consider its position” on whether to match the $2.5 billion offer on South32 Limited’s #Illawarra Metallurgical Coal (#IMC) in #NewSouthWales. South32 announced yesterday it had entered into a binding #agreement to sell #IMC for $US1.65 billion ($2.5 #billion) to an entity owned by #Indonesia’s Golden Energy and Resources Pte. Ltd. (#GEAR) and M Resources Trading Pty Ltd. But #BlueScope has first rights to an #acquisition of IMC under its eight-year coal #supply deal with South32, with M Resources unable to increase its bid should BlueScope come to the table. “BlueScope has a longstanding supply agreement with IMC out to 2032 for supply of a blend of #metallurgicalcoal from its #Appin and #Dendrobium #mines located in the Illawarra,” BlueScope said in a statement following South32’s announcement. IMC, which feeds the Port Kembla #steelworks in Wollongong, currently consumes around 35 per cent of the company’s capital expenditure, with South32 emphasising the significant reduction in its capital intensity should the deal go through. The full article link is here: https://lnkd.in/duszVF6d

TNR Gold Corp. (TSX-V:TNR, OTC:TRRXF) shared an update from McEwen Mining on the Los Azules project in Argentina, where TNR holds a 0.4% net smelter returns royalty (NSR). McEwen Mining has reported enhanced #copper recovery rates from recent metallurgical tests, potentially bolstering project economics. Phase 1 testing demonstrated an average copper recovery of 76%, a 3.2% increase over previous estimates, with reduced net acid consumption. These improvements may significantly impact the project's financials, suggesting increased copper cathode production and enhanced after-tax net present value (NPV), McEwen said in a statement. Additional testing phases are ongoing to support feasibility studies, with Phase 2 focusing on deposit-wide variability and scalability, and Phase 3 examining material from the initial five-year mine plan. More at #Proactive #ProactiveInvestors #TSXV #OTC #TNR #TRRXF http://ow.ly/6MYt105k32Z

Coal mining in Australia: expansions and new projects in an era of funding uncertainty 

Anyone still thinking that mining is antiquated or lacks creativity and innovation - check out this collaboration between BHP & Rio Tinto A new innovative process will not only harness under-utilized ore grades, but also (according to the companies,) this new process could cut CO2 emission intensity by 80 per cent. #mining #innovation #carbonemissions https://lnkd.in/gMTy9nyv

🚀 Rio Tinto's latest announcement - the world's largest mining project in West Africa, with a staggering $20 billion investment, has officially been approved! The project aims to produce iron ore by 2025 and is set to be a monumental venture in the Republic of Guinea, in partnership with major global companies, including leading Chinese firms. This project is a major step towards sustainable and efficient mineral extraction, showcasing the industry's growth potential and commitment to innovation, collaboration, and sustainability. We believe this investment underscores the mining industry's crucial role in the global economy and its continued resilience. #MiningIndustry #Sustainability #Innovation #GlobalSupplyChain #RioTinto #WestAfricaMining Financial Times Source: https://lnkd.in/gG-rAq8U

Good piece that shines light on the crux of the matter: the mining sector is largely underweighted for the wrong reasons. We need less investment from institutional investors in ESG funds and more into mining. Where I disagree with Tom Wilson is that even if a BHP/AAL would not increase copper production, it would create scale, and that's essential for investment in physical assets and from a financial relevance point of view for investors. Too many investors and banks just have the wrong or misinformed perception of the sector. Just look at the massive breakthroughs the large miners are delivering across carbon intensity, steel decarbonisation electrification of the fleet, etc.. Natural resources companies and Mining are essential to the net zero solution. #nonmetalsnotransition https://lnkd.in/ebjwJP7Y

Namibia Critical Metals Sells Non-Core Assets in Namibia to Sylla Gold - Junior Mining Network: Namibia Critical Metals Sells Non-Core Assets in Namibia to Sylla Gold  Junior Mining Network