Excelsior Mining (TSX: MIN) just completed a pipeline corridor at the Gunnison copper project in southern Arizona, which means that the company is on track to deliver its first copper production in Q4 2019.
The building of the two-mile high-density polyethylene pipeline corridor connecting the Johnson Camp Mine processing facility to the production wellfield began in January.
“We are now more than 90% finished in terms of the entire construction process, and we look forward to completing the remaining elements over the next month,” Stephen Twyerould, Excelsior’s CEO and president, said in a media statement.
The 9,560-acre Gunnison project hosts the North Star deposit which, according to Excelsior, contains a measured and indicated copper resource of 4.99 billion pounds.
The mine is expected to produce 2.2 billion pounds of pure copper cathode over its 24 year lifespan.
BHP (NYSE, LON, ASX:BHP) will be looking to expand in copper and nickel to position itself well in a world that is decarbonising, new chief executive Mike Henry said on Tuesday.
Colorado-based gold miner Newmont (NYSE: NEM, TSX: NGT) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, the largest ever in company history. This represents a 53% increase over the 65.4 million ounces recorded in 2018 following the completion of two major transactions and through ongoing exploration success.
After a Jekyll and Hyde year in 2019, and a decade characterised by China’s disruption of the met coal trade, participants can be forgiven for being sick of change. But research firm Wood Mackenzie believes a shift toward consistency and stability is probably too much to ask for in 2020 as China continues to play powerbroker over the seaborne market and spot pricing.
Barrick Gold (NYSE: GOLD) is not looking to merge with copper miner Freeport-McMoran, CEO Mark Bristow said on Thursday, although he is interested in the company’s Grasberg mine in Indonesia, and indicated he wants to expand in the Pacific Rim.
During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed the trade of 622,349 tons of commodities valued at $880 million, the Public Relations and International Affairs Department of IME reported.
Zambia has escalated its attacks on miner Vedanta, owned by Indian mining magnate Anil Agarwal, saying the company has been involved in criminal activities, including underpaying taxes and breaking investment promises.