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This week: Smart wristwatches to uplift mineworker well-being at Copper 360 and, BMI predicts more stable metal prices, critical mineral deals in 2024
Resources Watch
25th January 2024

This week: Smart wristwatches to uplift mineworker well-being at Copper 360 and, BMI predicts more stable metal prices, critical mineral deals in 2024 


A pure copper component being packed and labeled for export
Manufacturer secures new clients despite challenges
24th January 2024 By: Halima Frost

Despite the negative effects of illegal mining and copper scrap exports on the confidence levels of international investors and clients, South Africa-based foundry and engineering company Thos... 


Barrick CEO Mark Bristow
Barrick speeds up major Zambia copper mine expansion project
24th January 2024 By: Mariaan Webb

The Lumwana copper mine’s Super Pit expansion project has been accelerated with initial production now scheduled for 2028, Barrick president and CEO Mark Bristow said on Tuesday. The project will... 


Codelco places $2bn in bonds as miner aims to boost copper output
24th January 2024 By: Reuters

Chile's Codelco, the world's largest copper producer, placed $2 billion in unsecured dollar-denominated debt maturing in 12 and 29 years on Tuesday, the miner said in a statement confirming an... 


An image depicting Jubilee CEO Leon Coetzer.
Jubilee achieves ‘robust’ second-quarter production performance
23rd January 2024 By: Sabrina Jardim

Metals processing company Jubilee has delivered a robust second-quarter operational performance and remains on track to meet its guidance for the full 2024 financial year. Chrome concentrate... 


TNC to send Cloncurry copper to Glencore
TNC to send Cloncurry copper to Glencore
23rd January 2024 By: Creamer Media Reporter

ASX-listed True North Copper (TNC) on Tuesday announced a partnership with commodities major Glencore, which will process concentrate from the Cloncurry copper project, in Queensland, at its nearby... 


An image of Zambian President Hakainde Hichilema
Zambia president Hakainde Hichilema to deliver keynote address at Mining Indaba
23rd January 2024 By: Tasneem Bulbulia

Zambian President Hakainde Hichilema is set to deliver a keynote address at the Investing in African Mining Indaba, which will take place from February 5 to 8 in Cape Town, South Africa. This will... 


Errol Smart
Northern Cape copper revival receives yet another promising forward nudge
23rd January 2024 By: Martin Creamer

South Africa’s prospective Northern Cape province on Tuesday received yet another promising forward nudge along the road to copper-revival in the form of development obstacles being moved out of... 


The Aurubis plant in Hamburg, Germany
Aurubis moves to terminate CEO’s contract after copper scam
23rd January 2024 By: Bloomberg

Aurubis is preparing to terminate the contract of its CEO and two other executive board members, as the copper producer seeks to move on from a giant raw-material scam. The company’s supervisory... 


First Quantum shareholder SailingStone told miner about 'missed opportunities'
First Quantum shareholder SailingStone told miner about 'missed opportunities'
23rd January 2024 By: Reuters

SailingStone Capital Partners, a shareholder in First Quantum Minerals, said on Monday it had told the Canadian miner about historic "missed opportunities" in the management of its balance sheet... 


Koryx files amended PEA for Namibia project
22nd January 2024 By: Tasneem Bulbulia

TSX-V-listed Koryx Copper, previously known as Deep-South Resources, announces that it has filed an amended preliminary economic assessment (PEA) technical report for the Haib copper project, near... 


Moroccan miner Managem plans $300m – CEO
22nd January 2024 By: Reuters

Moroccan mining company Managem plans to increase its capital by three-billion dirhams ($300-million) in the first half of this year to fund its gold, copper and cobalt expansion plans, CEO Imad... 


The Illawarra metallurgical coal mine in Australia
South32 coal production falls sharply
22nd January 2024 By: Mariaan Webb

Diversified mining company South32 on Monday reported a sharp drop in coal production, with metallurgical coal output slumping by 50% in the December quarter. The Illawarra mine, in Australia,... 


Chinese President Xi Jinping and DRC President Felix Tshisekedi during a site visit in the African country in May 2023
China, DRC talking $7bn in finance, Tshisekedi says
22nd January 2024 By: Reuters

China and Democratic Republic of Congo are discussing $7-billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second... 


First Quantum Minerals exploring rights issue to ease debt - sources
22nd January 2024 By: Reuters

Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40%... 


Marula approves $6.38m exploration budget for Tanzanian projects
19th January 2024 By: Tasneem Bulbulia

AQSE-listed Marula Mining’s 2024 exploration budgets for the advancement and development of the company’s Kinusi copper mine and the Bagamoyo, Nyorinyori and NyoriGreen graphite projects, all... 


Startup aims to transform WA from world’s mine into world’s foundry
Startup aims to transform WA from world’s mine into world’s foundry
19th January 2024 By: Mariaan Webb

Perth-headquartered Element Zero, a green materials platform company launched by former Fortescue executives, has raised $10-million in seed funding for its pioneering zero-carbon metal conversion... 


Chuquicamata Subterranea is an ambitious project to extend the openpit copper mine's lifespan by converting it into an underground operation
Codelco to invest $720m more in Chuquicamata copper mine
19th January 2024 By: Reuters

Chile's State-owned Codelco, the world's largest copper producer, submitted an environmental permit request on Thursday to modify its Chuquicamata Subterranea project at a cost of $720-million.... 


POTENTIAL REBOUND
Recent price increases suggest a potential rebound for copper in the macroeconomic environment
Base metals navigating macroeconomic uncertainties
19th January 2024

With market dynamics presenting a mixed bag of challenges and potential opportunities, base metal nickel, specifically, has experienced notably low prices, averaging at $18 255/t in October 2023,... 


LUANSHYA WEST COPPER PROJECT
A crucial induced polarisation survey programme has proven critical in advancing exploration efforts
Exploration to drive targeted drilling in 2024
19th January 2024 By: Simone Liedtke

A crucial induced polarisation (IP) survey programme at mineral exploration and development company Koryx Copper’s Luanshya West project, in Zambia, has proven critical in the company’s commitment... 


Gwede Mantashe
Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister
18th January 2024 By: Martin Creamer

The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview... 


Seabridge applies to BC for ‘substantially started’ status for KSM
Seabridge applies to BC for ‘substantially started’ status for KSM
18th January 2024 By: Creamer Media Reporter

Dual-listed Seabridge Gold has applied to the British Columbia Environment Assessment Office (BC EAO) for ‘substantially started’ status for its 100% owned KSM project. Under the BC Environmental... 


BHP CEO Mike Henry
BHP’s solid first half dimmed by metallurgical coal stumble
18th January 2024 By: Mariaan Webb

Diversified mining group BHP has had a “solid” operational first half, CEO Mike Henry said on Thursday, reporting higher six-month copper and energy coal production, but lower iron-ore and... 


ICMM CEO Rohitesh Dhawan
Global mining commits to nature-positive future
18th January 2024 By: Martin Creamer

Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species,... 


Mined cobalt
BMI predicts more stable metal prices, critical mineral deals in 2024
17th January 2024 By: Marleny Arnoldi

Research agency BMI on January 17 unpacked the key themes for metals and mining for the year, highlighting that the sector is making a modest recovery amid global deceleration. BMI commodities... 


Expansion on track at Zambian project, First Quantum says
17th January 2024 By: Tasneem Bulbulia

As part of its 2023 Preliminary Production and 2024 to 2026 guidance, published this week, TSX-listed First Quantum Minerals has reiterated its commitment to delivering the S3 Expansion project at... 


Ian Cockerill, Mark Cutifani and Tony O'Neill
South Africa-linked mining luminaries advising on metals industry greening
17th January 2024 By: Martin Creamer

South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive... 


Los Pelambres
Antofagasta's 2023 copper output up 2%, sees higher capex in 2024
17th January 2024 By: Reuters

Antofagasta on Wednesday reported a 2% rise in 2023 copper production to 660 600 metric tons on higher output at its flagship project Los Pelambres due to improved water availability. The Chilean... 


Taseko to accelerate construction activities at Florence
Taseko to accelerate construction activities at Florence
17th January 2024 By: Creamer Media Reporter

Vancouver-headquartered Taseko Mines will be accelerating construction activities at the Florence project, in Arizona, as the company concluded more financing for the mine. TSX-, NYSE American-... 


Marula appoints dedicated East African exploration head
17th January 2024 By: Marleny Arnoldi

Africa-focused mining and development company Marula Mining has appointed Collins Aseto head of exploration in East Africa as the company seeks more battery metal opportunities in the region.... 


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pqt: 2.022s - ct: 2.114s - 366pq - 2rq
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