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Ivanhoe Mines Announces Completion of Hydropower Ramp-Up of 178-megawatt Turbine #5 at Inga II
Newsfile· 2025-11-25 11:35
Ivanhoe Mines Announces Completion of Hydropower Ramp-Up of 178-megawatt Turbine #5 at Inga IINovember 25, 2025 6:35 AM EST | Source: Ivanhoe Mines Ltd.Initial 50 megawatts received at Kamoa-Kakula; expected to increase to 100 megawatts by Q1 2026 as grid improvements are completed, and 150 megawatts by 2027Over 10 years of partnership between Ivanhoe Mines and Société Nationale d'Electricité (SNEL) in the refurbishment of 250 megawatts of renewable, hydropower capacityKolwezi, Democratic Repu ...
X @Bloomberg
Bloomberg· 2025-11-25 10:13
Chilean copper producer Codelco is pushing for a massive hike in annual premiums for refined metal supplies to its Chinese customers https://t.co/y19StK7cQU ...
Harmony approves development of Eva Copper Project in Queensland
Yahoo Finance· 2025-11-25 10:10
Core Viewpoint - Harmony Gold Mining has approved the development of the Eva Copper Project, which is expected to significantly expand its copper portfolio following a positive feasibility study and final investment decision [1] Project Overview - The Eva Copper Project is a 100%-owned asset with a low strip ratio, forecasted to produce approximately 65,000 tonnes per annum (tpa) of copper in concentrate during the first five years, with a life-of-mine average production of around 60,000 tpa of copper and 19,000 ounces of gold per annum over an estimated 15-year mine life [2] - The project's all-in sustaining cost is estimated at $2.50 per pound, indicating strong margins and increased cash flow throughout its life [3] Financial and Economic Aspects - Project capital expenditure is estimated between $1.55 billion (A$2.3 billion) and $1.75 billion, with investment phased over a three-year construction period to maintain a manageable investment profile [4] - Since acquiring the project in October 2022, Harmony has completed 166,000 meters of resource definition drilling, expanding mineral resources and reserves, confirming strong economics and low execution risk [5] Project Execution Timeline - Following board approval, the project will transition to execution, with the appointment of an engineering, procurement, and construction (EPC) contractor expected imminently, and construction of the processing plant targeted to start in the third quarter of 2026 [6] - First production is aimed for the second half of 2028, subject to amendments to the Environmental Authority [6] Strategic Importance - The Eva Copper Project, along with the recent MAC Copper acquisition, is expected to enhance cash flow resilience across commodity cycles, with a combined total of approximately 100,000 tonnes of copper annually once fully commissioned [7]
Star Copper Advances Satellite Target Located 1.5 Km from Star Main Deposit; Arranges Non-Brokered Flow Through Private Placement
Accessnewswire· 2025-11-25 08:01
Core Insights - Star Copper Corp. has successfully completed its inaugural drill hole at the Star North target, which is located approximately one kilometer northeast of the Star Main zone [1] - The Star North target exhibits similar geophysical and geochemical signatures to the Star Main target, indicating potential for significant mineralization [1] Company Developments - The drilling reached a target depth of 400 meters, marking a significant milestone for the company's exploration efforts [1] - The Star Project is fully owned by Star Copper, highlighting the company's control over its assets in British Columbia [1]
Lion Copper and Gold Corp. Secures US$31M Milestone Funding to Advance Feasibility Study and Mine Permitting for the Yerington Copper Project
Newsfile· 2025-11-24 22:03
Core Insights - Lion Copper and Gold Corp. has secured a US$31 million investment from Nuton LLC to advance the Yerington Copper Project, which is aimed at enhancing domestic copper cathode production and supporting the critical mineral supply chain [2][3]. Funding and Project Development - Nuton will provide funding to progress a Definitive Feasibility Study (DFS), mine permitting, and associated work programs at the Yerington Copper Project [3]. - To date, Nuton has invested approximately US$28 million in resource definition drilling, environmental studies, and preliminary assessments, which have been part of earlier project stages [4]. Strategic Importance - The advancement to Stage 3 is seen as a pivotal milestone for the Yerington Copper Project, reflecting confidence in its potential as a significant domestic copper supplier [5]. - The collaboration aims to meet rising copper demand with innovative and low-impact solutions, leveraging Nuton's proprietary bio-heap-leach technology [5][9]. Next Steps - During Stage 3, the parties will focus on completing the DFS, submitting final permitting applications, and conducting detailed engineering and cost estimation [6][13]. - Lion CG plans to provide updates on key milestones related to feasibility, permitting, and potential commercial agreements as the project progresses [7].
Freeport-McMoRan Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before January 12, 2026 to Discuss Your Rights – FCX
Globenewswire· 2025-11-24 20:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit due to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [3]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [3]. - The allegations include that these safety issues constituted undisclosed risks of regulatory, litigation, and reputational damage [3]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business and operations were materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Andina Copper Commences Trading on TSX-V
Thenewswire· 2025-11-24 17:00
Core Points - Andina Copper Corporation has commenced trading on the TSX Venture Exchange under the symbol "ANDC" after being delisted from the Canadian Securities Exchange [1] - The listing is seen as a significant milestone, reflecting the recognition of the company's high-quality copper and copper-gold discoveries [1] - Ongoing exploration activities are taking place at Cobrasco in Colombia and Piuquenes in San Juan, Argentina, with plans for project-wide geophysics and further drilling [1] - A follow-up work program is also underway to define drill targets at the Mantau copper-gold project in Antofagasta, Chile [1] Company Overview - Andina Copper Corporation is focused on copper exploration in South America and is listed on multiple exchanges including TSX Venture Exchange, Frankfurt, and OTC [2] - The company holds two significant discoveries in the Andean porphyry belt in Argentina and Colombia, as well as an undrilled copper-gold target in the Coastal Cordillera of Chile [3]
Can UAMY's Domestic Antimony Mining Shift Gross Margins Above 60%?
ZACKS· 2025-11-24 14:26
Core Insights - United States Antimony (UAMY) is focusing on a structural margin reset by reclaiming its upstream supply chain, aiming to increase gross margins from 28% to over 60% by processing its own ore instead of relying on expensive third-party sources [1][5]. Group 1: Operational Strategy - UAMY is currently conducting bulk sampling at Stibnite Hill in Montana, with 560 tons already collected and expected average grades exceeding 10% antimony, which could significantly enhance feed quality and reduce costs [2]. - The company is preparing for a full restart of operations in Alaska in spring 2026, having acquired a 17-acre site for sorting and processing ore, indicating readiness for scaling internal supply [3]. - Success in projects like Mohawk or Stibnite Creek could facilitate a transition from purchased concentrates to internal supply, while the Ontario portfolio offers potential diversification into critical minerals [4]. Group 2: Financial Performance - UAMY's shares have increased by 231.7% year-to-date, outperforming the industry average increase of 18.3% [11]. - The Zacks Consensus Estimate for UAMY's 2025 earnings suggests a 150% increase compared to the previous year, with projections indicating a significant rise in earnings per share [13][14]. - UAMY currently trades at a forward price-to-sales ratio of 7.56, which is above the industry average and its five-year median of 3.41, reflecting a Value Score of F [12].
Northstar secures funding partnership with DIGITAL for data-driven copper mining pilot
Proactiveinvestors NA· 2025-11-24 14:10
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
US copper output remains steady in 2025
Yahoo Finance· 2025-11-24 12:00
Core Insights - The US copper production is projected to remain stable at 1,077 kilotonnes in 2025, reflecting a year-on-year growth of 1.7% compared to 2024, primarily due to planned lower production from major operations like the Kennecott Copper Project and the Phoenix Mine [1] - The medium-term outlook for the US copper industry is positive, with several new projects expected to commence operations from 2026, including the Florence and Copperwood projects, which will add nearly 70 kilotonnes of new copper capacity annually [3] - The US copper output is forecasted to grow at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035, reaching 2,158 kilotonnes by 2035, supported by various projects aimed at enhancing supply resilience and meeting rising demand [5] Production Challenges - The Kennecott Copper Project is facing a temporary reduction in output due to a scheduled maintenance shutdown in Q3 2025, but production is expected to rebound in 2026 with the start of underground operations [1] - The Phoenix Mine is anticipated to experience lower production in 2025 due to the processing of lower-grade ores, although this decline will be partially offset by new and restarted operations like the Johnson Camp Restart Project [2] Future Developments - The Mineral Park Restart Project is advancing and is expected to begin trial production by the end of 2025, contributing significantly to copper supply in 2026, with an estimated annual production capacity of around 11.2 kilotonnes [3] - Large-scale projects such as Mesaba and Ann Mason are projected to significantly increase US copper output, positioning the country among the top five global copper producers by 2030 [4]