Hamburg-based Aurubis AG is to take delivery of new converters, which will be supplied by SMS group and used to produce blister copper, an important stage in the copper production process.
The converters will be installed at the company’s headquarters in Hamburg. They are scheduled to be put into operation in fall 2019. The converters measure 15’ x 38‘. Aurubis AG is installing the new converters in order to strengthen and consolidate its global position as an integrated copper group and the world’s largest copper recycler.
The new converter design already takes future optimization into account to allow for more efficient production processes.
SMS group has been commissioned with the engineering, delivery, and installation of the converters.
Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the “challenging conditions” it’s facing.
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says.
The copper price came under renewed pressure on Monday after headline figures showed a slowdown in the Chinese economy to annual rates of growth not seen in nearly three decades.
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports.
Following a mapping and prospecting campaign in conjunction with a grid-based soil sampling program and follow-up rock channel sampling, Carube Copper (TSXV: CUC) reported the discovery of high-grade copper-silver mineralization at its Main Ridge Project in Jamaica.
A worsening of the ongoing economic slowdown in China, consumer of about half the world’s commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows.