- Write by:
-
Friday, March 11, 2022 - 13:27:10
-
692 Visit
-
Print
Mining News Pro - Freeport-McMoRan plans to invest “aggressively” in copper mines in the southwest US after prices of the metal rose so high that many old operations are now profitable again, CEO Richard Adkerson said at the CERAWeek gathering in Houston, this week.
Copper’s rise to a record high “has made these old, low-grade mines economic” again, he said. Freeport is planning several mine expansions in the US but the government needs to speed up permit approvals if demand is to be met, he said.
The world is facing a “massive deficit” in copper from 2025 due to rapidly growing demand and a shortage of discoveries globally, said Bold Baatar, who heads Rio Tinto’s copper division.
Short Link:
https://www.miningnews.ir/En/News/620873
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from ...
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the ...
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
No comments have been posted yet ...