Chile sees record copper production next year
Chile is expected to produce a record 5.8 million metric tons of copper in 2025, the state-run Chilean Copper Commission (Cochilco) said on Tuesday.
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Codelco aims to land partner for Maricunga lithium by next year
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt flats, Maricunga, in the first quarter next year, chairman Maximo Pacheco said on Monday.
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Coal use seen peaking next year as India, China determine future
Mining News Pro - Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.
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Copper price outlook for next year
Copper prices — traditionally a barometer for the global economy — are expected to soar next year
Mining News Pro - The metal has endured a tough 2022 due to tighter U.S. monetary policy, the energy crisis arising from Russia’s war in Ukraine and China’s combination of strict Covid-19 lockdowns and a weak property market.
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Syama processing circuit shutdown postponed to next year
Mining News Pro - Resolute Mining has deferred the planned 36-day shutdown of the sulphide processing circuit at Syama, Mali, from October to February.
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Govt targets August next year
Mining News Pro - The current target date for enabling third-party operators in the rail-freight sector is August next year, says Dr Sean Phillips, head of National Treasury’s Operation Vulindlela unit.
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Australian miner expects robust demand for steel next year
Mining News Pro - Australia`s Fortescue Metals Group expects iron-ore demand to be strong next year thanks to a solid Chinese steel market and post-pandemic recoveries in other countries, a senior company executive said on Wednesday.
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Investment approval for platinum mine’s solar project expected early next year
Mining News Pro - Investment approval for the solar project at the Mogalakwena platinum group metals (PGMs) mine in Limpopo is expected in the first quarter of next year.
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NICICO will increase copper concentrate capacity by 400 thousand tons next year
Mining News Pro - Chief executive of National Iranian Copper Industries Co. said in a virtual meeting with IMIDRO that estimated Iran’s copper resources are around 7 billion.
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Gold price to hit $2,300 next year on inflation risks, Goldman says
Mining News Pro - Gold prices are expected to break out of the current narrow trading range and soar through 2021 as the coronavirus recession gives way to higher inflation, analysts at Goldman Sachs say.
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South32 says Hermosa PFS delayed to next year
Mining News Pro - Diversified miner South32 has pushed out the completion of a prefeasibility study (PFS) for the Taylor deposit at the Hermosa base metals project, in Arizona, to the June 2021 half-year, the company reported on Monday.
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Mount Gibson to deliver first iron ore at Shine next year
Mining News Pro - Mount Gibson Iron is targeting the delivery of first ore sales from the Shine iron ore project in Western Australia in mid-2021.
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Visit: 449
Grosvenor mine operations to resume next year
Mining News Pro - Anglo American will not restart the Grosvenor coal mine in Queensland until next year, but briefings about the future of the workforce have already started.
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Goldman says gold price to hit $1,600 next year
Mining News Pro - Goldman Sachs Group Inc. said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal.
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BHP aims to cut thermal coal output for next year, raise quality
Mining News Pro - The world’s biggest miner, BHP Group , on Wednesday said it planned to produce less thermal coal in the coming financial year and that it would wash it instead as part of a drive to raise the quality of the commodity.
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Chile copper production seen growing by 4% next year
Mining News Pro - Chile is set to deliver steady production growth of 4% next year, as the risk of labour strikes decreases and mines are upgraded, Fitch Solutions Macro Research says in a report, also warning that declining grades pose a downside risk to its long-term forecast
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The production of Mexico`s largest copper producer will reach 1.8 million tons by 2025 (forecast for rising prices following the supply surge next year)
Mining News Pro - The company (Grupo Mexico) has announced that it will have a major expansion plan, which will increase its copper production by approximately 80% by 2025, reaching 1.8 million tonnes per year.
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One of South Africa’s oldest gold mines likely to reopen next year
Mining News Pro - outhern Africa-focused Galane Gold is advancing plans to reopen the Galaxy gold mine near Barberton, in Mpumalanga, with the company saying on Thursday that first production at the property is planned for March next year.
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Visit: 2750
UPDATE 1-LME to trial electronic closing prices for nickel next year
Mining News Pro - The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead of open outcry.
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Visit: 942
Consortium activities consisting of 9 banks to finance the Gulf Pipeline / Project will be operational next year.
Mining News Pro - The national sweetening and transfer pipeline project of the Persian Gulf to the central and desert provinces of the country with a credit of more than 18 trillion Rials with the participation of 9 banks in the form of a consortium is underway and is scheduled to be operational in 2019.
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Operation of 1st Berth of Parsian Port in Next Year
Mining News Agency -First berth of Parsian port will be inaugurated in next Iranian year (will start 21March2018), Karbasian announced.
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Visit: 1126