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Andina Copper Initiates Field Evaluation Of Mantau Copper Project, Chile
Thenewswire· 2025-08-18 12:30
Core Insights - Andina Copper Corporation has initiated field assessments at the Mantau copper-gold target in northern Chile, which is strategically located near significant copper discoveries [2][4][8] Project Highlights - The Mantau project covers a 4,500ha tenement in a premier mining jurisdiction, with historical copper workings indicating potential for stratabound and Iron Oxide Copper Gold (IOCG) mineralization [3] - Previous surface rock chip sampling has shown grades of up to 28.6% copper and 5.91g/t gold, highlighting the area's mineral potential [3] - The project is in close proximity to Marimaca Copper's recent Pampa Medina sulphide copper discovery and other notable projects, enhancing its attractiveness [3][4] Work Program - Andina has begun a comprehensive review of historical work and is conducting reconnaissance mapping and rock chip sampling to assess historical occurrences and alteration zones [3] - A detailed geochemical orientation survey is being prepared to optimize future sampling techniques, alongside drone-based aerial photogrammetry [3] - The company is evaluating cost-effective geophysical techniques, including magnetics surveys and methods like Induced Polarisation (IP) and Audio-Magnetotelluric (AMT) for further exploration [3] Corporate Strategy - The President & CEO expressed excitement about the Mantau project, emphasizing its strategic location among numerous copper mines and recent discoveries [4][6] - The company is entering a period of intensive field activities and plans to pursue a dual listing on the TSX-V and ASX, indicating growth ambitions [6][8]
Kenadyr Metals to Become Algo Grande Copper, Secures Path to 100% Ownership of the Adelita Project, TSXV Reactivation, $3M Financing and Board Changes
Newsfile· 2025-08-18 11:30
Core Viewpoint - Kenadyr Metals Corp. is transitioning to Algo Grande Copper Corp. and is focusing on a copper growth strategy, securing 100% ownership of the Adelita Project, and reactivating its listing on the TSX Venture Exchange [2][5][12]. Company Developments - The company has signed a definitive agreement to acquire the remaining 20% interest in the 5,985-hectare Adelita Project, building on a previous agreement for an 80% stake [2][9]. - The Adelita Project is located in the Sonora-Arizona Copper Belt and features a high-grade Cu-Au-Ag skarn system, multiple untested skarn targets, and a 4.5 km porphyry anomaly [2][10]. Management and Team - Algo Grande has assembled a team with significant experience in the mining sector, including Gord Neal, who has over 30 years of management experience and has raised over $750 million for resource companies [3][6]. - The technical advisory board is led by Dr. Peter Megaw, co-founder of MAG Silver, enhancing the company's exploration capabilities [6][7]. Financial Strategy - The company is launching a $3 million financing initiative through subscription receipts priced at $0.375 each to fund exploration and growth initiatives [5][13]. - Proceeds from the financing will be used for payment obligations, exploration expenditures, and general working capital [14]. Project Highlights - The Adelita Project includes historical drill results such as 47.64m at 1.05% Cu, 0.46 g/t Au, and 46.00 g/t Ag, indicating significant mineral potential [10]. - The project is strategically located in Sonora, Mexico, which accounts for 80% of the country's copper production, benefiting from existing infrastructure [10][12]. Regulatory and Listing Updates - The acquisitions and financing are subject to approval by the TSX Venture Exchange, with the company applying to reactivate its listing from NEX to Tier 2 of the TSXV [12][16]. - The name change to Algo Grande Copper Corp. is anticipated to coincide with the completion of the acquisitions and financing [17].
沪铜日评:国内铜冶炼厂8月检修产能或环减,国内电解铜社会库存量环比减少-20250818
Hong Yuan Qi Huo· 2025-08-18 07:46
Report Industry Investment Rating - Not provided Core View of the Report - The domestic copper smelter's maintenance capacity in August may decrease month-on-month, and the domestic electrolytic copper social inventory has decreased month-on-month. The US port inflation rebound reduces the Fed's expected number of interest rate cuts, but the decrease in scrap copper anode plates and domestic electrolytic copper social inventory may cause the Shanghai copper price to fluctuate. It is recommended that investors wait and see. Pay attention to the support and pressure levels of Shanghai copper, London copper, and US copper [1][4] Summary by Relevant Catalogs Copper Market Data - On August 15, 2025, the closing price of the active contract of Shanghai copper futures was 79,060 yuan, up 110 yuan from the previous day; the trading volume was 50,116 lots, down 1,618 lots; the open interest was 152,557 lots, up 216 lots; the inventory was 24,560 tons, up 126 tons. The average price of SMM 1 electrolytic copper was 79,180 yuan, down 255 yuan [2] - The LME 3 - month copper futures closing price (electronic disk) on August 15, 2025, was 9,760 US dollars, down 17 US dollars from the previous day; the total inventory of registered and cancelled warrants was 0 tons, down 155,800 tons [2] - The closing price of the active contract of COMEX copper futures on August 15, 2025, was 4.489 US dollars, down 0.01 US dollars from the previous day; the total inventory weight was 267,195 tons, up 400 tons [2] Zambia Copper Production - Zambia, the second - largest copper producer in Africa, had a copper production of about 439,644 tons in the first six months of 2025. Assuming no revision in the first - quarter production of about 224,000 tons, the second - quarter production was about 215,644 tons, a quarter - on - quarter decrease of about 4%. Four producers had problems in the second quarter. To reach the 1 - million - ton target set by the government this year, the production in the second half of the year needs to increase by about 27% [2] Industry News - Jiangxi Heli Environmental Protection Technology Co., Ltd. plans to invest 197.66065 million yuan to relocate and upgrade its existing project to build an annual 200,000 - ton recycled electrolytic copper project in Jiangxi Qianshan County Industrial Park [3] - Jiangxi Linghao New Material Technology Co., Ltd. plans to build an annual 500,000 - ton steelmaking furnace charge and 200,000 - ton copper - aluminum recycling project in De'an County, with a total investment of 200 million yuan and environmental protection investment of 1.31 million yuan [3] - On August 14, 2025, the environmental impact assessment of Jiangxi Hefan Environmental Protection Technology Co., Ltd.'s annual 200,000 - ton recycled electrolytic copper project was accepted for public notice, with a public notice period from August 14 to August 27, 2025 [5] Copper Product Industry Analysis - The daily processing fee of refined copper rods for power and enameled wires in East China has increased compared with last week, affecting the capacity utilization rate of copper products. The capacity utilization rate of different copper products may change in August. For example, the capacity utilization rate of electrolytic copper rods, copper foils, and brass rods may increase, while that of recycled copper rods, copper wires and cables, copper enameled wires, and copper tubes may decrease [4]
Prismo Engages Windfall Geotek for Data Analysis at Hot Breccia
Thenewswire· 2025-08-18 07:30
Core Viewpoint - Prismo Metals Inc. has engaged Windfall Geotek Inc. to utilize its proprietary Windfall AI System for analyzing geophysical, topography, and drill hole data at the Hot Breccia copper project in Arizona, aiming to advance exploration efforts in a region known for its rich copper deposits [1][5]. Company Overview - Prismo Metals Inc. is focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico [16]. - The Hot Breccia property spans 1,420 hectares and is located in the Arizona Copper Belt, surrounded by several world-class copper mines [12]. Project Details - The Hot Breccia Project is situated in a region with significant historical copper mining activity, including proximity to mines like Christmas, Morenci, Ray, and Resolution [2][12]. - Historical drilling in the 1970s by a Rio Tinto subsidiary revealed high-grade copper mineralization at depths of 640 to 830 meters, with notable intercepts including 23 meters at 0.54% Cu and 18 meters at 1.4% Cu [6][12]. Technological Engagement - The Windfall AI System, developed by Windfall Geotek, employs advanced machine learning and pattern recognition algorithms to analyze large datasets and identify exploration targets [5][17]. - The collaboration with Windfall Geotek is part of Prismo's commitment to enhance exploration efforts and engage potential strategic partners in the district [5][3]. Future Plans - Prismo aims to conduct a minimum of 5,000 meters of drilling at the Hot Breccia project, with results from the Windfall Geotek study expected by early September [5][6]. - The company has identified a large conductive anomaly beneath the breccia outcrops, indicating potential for further mineralization [12][13].
铜需求增长正常化,未来三个月看空铜价至每公吨 9200 美元-Metal Matters_ Copper demand growth normalises, bearish copper to $9,200_t over the next three months.
2025-08-18 02:52
Summary of Key Points from the Conference Call Industry Overview - The focus of the conference call is on the copper industry, specifically the demand and pricing outlook for copper in the near term. Core Insights and Arguments 1. **Copper Price Forecasts**: The revised forecast predicts copper prices to decline to $9,200 per ton over the next three months, up from a previous forecast of $8,800 per ton, due to a gradual unwinding of excess inventory and dollar weakness providing some support [1][2][7]. 2. **Demand Growth Normalization**: Copper consumption growth has moderated significantly to approximately 3% year-over-year in June, following a spike in May, primarily due to a decline in solar installations in China [1][4][34]. 3. **Impact of US Tariffs**: Higher US reciprocal tariffs effective from August 7, 2025, are expected to hinder any meaningful recovery in global manufacturing activity, contributing to subdued manufacturing sentiment across major economies [3][18][22]. 4. **Global Manufacturing Sentiment**: Manufacturing sentiment remains weak, with PMIs indicating contracting activity in the US, Europe, and China, driven by global trade uncertainties and declining new orders [3][18][23]. 5. **China's Role in Demand**: Despite the slowdown, growth in copper consumption continues to be driven mainly by China, particularly in the decarbonization segment, although there is a notable decline in EV and renewable energy demand [4][34][37]. 6. **Investor Positioning**: There is potential for further reduction in investor positioning from still net long levels, as manufacturing activity and sentiment are expected to remain subdued in the coming months [15][26]. 7. **Supply Concerns**: Supply disruptions, such as those from Codelco's El Teniente mine, have supported copper prices above $9,700 per ton, although these concerns have eased with the mine's partial restart [9][12]. Additional Important Insights 1. **Excess Inventory**: An estimated excess of 510,000 tons of copper inventory in the US is expected to unwind gradually over months, presenting a bearish physical headwind for the market [10][12]. 2. **Future Outlook**: The outlook for 2026 appears more constructive, with expectations of a more dovish Federal Reserve and potential growth in manufacturing activity, which could support copper prices [3][15]. 3. **China's Renewable Installations**: The collapse in solar installations in China, which fell by 40% year-over-year in June, has significantly impacted copper consumption growth [34][36]. 4. **Global Trade Uncertainty**: Ongoing global trade uncertainty is likely to keep manufacturing sentiment soft, affecting copper demand in the near term [18][22]. This summary encapsulates the key points discussed in the conference call regarding the copper industry, highlighting the current challenges and future outlook for copper prices and demand.
HBM Sells 30% Stake in Copper World to Mitsubishi for $600M
ZACKS· 2025-08-16 02:41
Group 1: Joint Venture and Investment - Hudbay Minerals Inc. has entered into a joint venture agreement with Mitsubishi Corporation, where Mitsubishi will acquire a 30% minority stake for an initial cash contribution of $600 million [1][9] - Mitsubishi's investment will consist of $420 million at closing and $180 million within 18 months of closing, along with funding its pro-rata 30% share of future equity capital contributions [3] Group 2: Project Details and Financial Impact - Copper World is one of the highest-grade open-pit copper projects in the Americas, with proven and probable reserves of 385 million tons at 0.54% copper [2] - The combined impact of the Mitsubishi investment and the amended Wheaton stream is expected to reduce Hudbay Minerals' estimated share of remaining capital requirements to around $200 million, deferring its first capital outlay until 2028 [5][9] Group 3: Production and Growth Outlook - Hudbay Minerals plans to advance Copper World toward a sanction decision in 2026, with a feasibility study expected to be completed by mid-2026 [6] - Once in production, Copper World is expected to produce 85,000 tons of copper annually over an initial 20-year mine life, boosting Hudbay Minerals' consolidated copper output by more than 50% [6] Group 4: Recent Financial Performance - Hudbay Minerals reported second-quarter 2025 earnings of 19 cents per share, compared to break-even earnings per share a year ago, driven by higher gross margins and cost control [7] - The company reported revenues of $536.4 million, a 26% increase year over year, with consolidated copper production at 29,956 tons and gold production at 56,271 ounces [8]
Gunnison Copper nears first sale from Johnson Camp Mine – ICYMI
Proactiveinvestors NA· 2025-08-15 21:16
Core Insights - Gunnison Copper Corp is making significant progress at the Johnson Camp mine, with production systems operational and the first copper sale expected in September [1][4]. Production Updates - The SX plant commenced operations on July 31, followed by the activation of the electroplating facility on August 2, indicating a rapid advancement in production capabilities [2][3]. - The company anticipates that each strip cycle in the SX-EW plant will yield over 100,000 pounds of copper, with testing and delivery to the U.S. market planned shortly [3]. Future Developments - Post-copper sale, the focus will shift back to the Gunnison Project, which has a net present value (NPV) estimated between $1.3 billion and $1.4 billion [5]. - The company is exploring the commercialization of gravel and high-grade limestone, as well as testing an ore sorting process that could enhance the project's value [5]. Market Position - Gunnison Copper Corp believes it is undervalued compared to its peers, positioning itself as a junior producer of pure copper metal for the U.S. domestic market, supported by a strong project at Gunnison and a robust exploration portfolio in Arizona [6].
High-Grade Sediment Hosted Mineralization Extended at Pampa Medina – 300m Western Step-out SMRD-16 Intersects 10m of 4.2% Cu within 70m of 1.0% Cu
Globenewswire· 2025-08-15 10:30
Core Insights - Marimaca Copper Corp. has successfully extended the high-grade sediment-hosted manto system at the Pampa Medina deposit by 300 meters to the west through further drilling, indicating significant potential for resource expansion [1][3][11] - The ongoing drilling program consists of 10,000 meters with three rigs currently operational, focusing on both extensional and infill drilling to define the limits of the mineralized system [1][7][9] Exploration Results - Hole SMRD-16 reported significant intersections, including 70 meters of 1.0% Cu from 434 meters downhole, with high-grade zones exceeding 4.2% Cu [3][4][11] - The mineralized area is confirmed to extend over 1.2 km by 1.2 km, with an average true thickness of 50 to 100 meters, suggesting continuity of mineralization [5][11] - Hole SMRD-15 also demonstrated near-surface oxide mineralization, intersecting 42 meters of 0.51% Cu from 158 meters [3][11] Geological Context - Pampa Medina is characterized as a stratiform or manto-style copper deposit, primarily hosted in Jurassic-Triassic sedimentary units, with mineralization types including both oxides and sulphides [9][10][39] - The geological model has been updated to focus on lower sedimentary units, which are identified as productive horizons for future drilling [10][39] Infrastructure and Development Potential - The proximity of Pampa Medina to existing mines and infrastructure, including powerlines and water pipelines, is expected to facilitate development and reduce permitting risks [3][9] - The low-altitude, flat terrain of the "pampa" valley provides ample space for future facilities and infrastructure, enhancing the project's viability [3][9] Strategic Objectives - The company aims to establish a significant copper production operation, leveraging the advanced-stage asset at the Marimaca Oxide Deposit (MOD) and the exploration potential at Pampa Medina and Madrugador [8][9] - Future plans include advancing the Pampa Medina and Madrugador Oxide projects to increase copper cathode production and extend the mine life [9]
High-Grade Sediment Hosted Mineralization Extended at Pampa Medina – 300m Western Step-out SMRD-16 Intersects 10m of 4.2% Cu within 70m of 1.0% Cu
GlobeNewswire News Room· 2025-08-15 10:30
Core Insights - Marimaca Copper Corp. has announced further drilling at the Pampa Medina deposit, extending the high-grade sediment-hosted manto system by 300 meters to the west [1][4] - The company is executing a 10,000-meter extensional drilling program with three rigs currently on site [1] - Significant intersections from the latest drill hole SMRD-16 include 70 meters at 1.0% Cu and 116 meters at 0.61% Cu, indicating strong mineralization potential [3][4] Exploration Results - Hole SMRD-16 has extended the high-grade manto system 300 meters west, confirming a broad zone of high-grade copper mineralization [4][11] - The drilling has defined a mineralized stratigraphy across a 1.2 km by 1.2 km area, with true thicknesses averaging between 50 meters to 100 meters [5][11] - The exploration model indicates a unique stratiform, sediment-hosted copper system with extensive high-grade sequences [4][5] Geological Context - Pampa Medina is characterized by Jurassic-Triassic sedimentary units, with copper mineralization observed in both oxide and sulphide forms [9][52] - The deposit is located in a favorable area with proximity to existing infrastructure, which is expected to facilitate future development [4][9] - The geological model has been updated following the consolidation of the project area, identifying productive horizons for future drill targeting [10][52] Future Plans - The company plans to continue extensional drilling to define the limits of the mineralized system and will also focus on an infill campaign to delineate updated resources [7][9] - The strategy includes advancing the Pampa Medina and Madrugador Oxide projects to grow copper cathode production and extend mine life [8][9] - Upcoming exploration work will include geophysical surveys and deeper drilling campaigns to assess potential extensions [57]
X @Bloomberg
Bloomberg· 2025-08-15 08:34
Environmental Impact - A study revealed that the pollution damage from a disaster at a Chinese state-owned copper mine in Zambia was more extensive than officially reported [1] - The Zambian government aimed to alleviate public concerns regarding pollution levels following the study's findings [1]