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.
Copper cathode production of National Iranian Copper Industries Company (NICICO) reached 247,000 tons during last Iranian year (ended March 20,2019), indicating a 15 percent growth compared with the corresponding period of the previous year.
Revelo Resources (TSXV: RVL) and Sociedad Química y Minera de Chile (NYSE: SQM) signed this week an exploration option agreement under which the latter can acquire up to an 80% interest in Calvario and Mirador, two of Revelo's copper-focused projects in northern Chile.
Chilean copper miner Antofagasta Plc (LON:ANTO) will make a decision about going ahead with a $3B expansion of its Centinela mine, located in the country’s north, by the end of next year or in 2021.
Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.
Codelco and other copper mining giants are set to plow billions of dollars into the revitalization of Chile's mines, but that may not be enough to keep the country from losing ground to competitors elsewhere in the world.
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country’s north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.