Copper

As the demand for copper surges amid the energy transition, mining experts expect supply deficits to emerge in coming years, in part due to lacklustre investment in exploration and construction of new copper mines. Mining company executives’ preference for safe, short-term returns has led to a massive underinvestment in new …

Metso Outotec has been awarded a contract for the delivery of advanced electrowinning equipment to a copper cathode production plant in Africa. The order value amounting to approximately EUR 11 million is booked in Minerals’ Q2/2022 orders received. Metso Outotec’s scope of delivery includes the supply of basic engineering and …

It is reported that Global Natural Resource Investments (GNRI) is considering selling its Khoemacau copper mine in Botswana, according to sources familiar with the situation. The private equity firm is working with an undisclosed adviser to find potential buyers for the mine, and it is also considering other options for …

Botswana’s Khoemacau Copper Mining is focusing on environmental, social, and governance (ESG) issues, including as significant renewable energy generation and potential community development programs, while it ramps up to nameplate throughput of 3.65 million tonnes per year. Johan Ferreira, CEO of Cupric Canyon Capital and Khoemacau Copper Mining, said in …

Botswana has begun work on its first iron-ore mine, a senior government official said on Tuesday, as the country seeks rapid diversification from diamond mining. The African nation’s heavy reliance on diamonds, which account for a fifth of Botswana’s GDP and more than two-thirds of its foreign exchange income, was …

Cobre, a junior copper and base metals explorer, has raised A$6.7 million to help finance exploration costs at its Botswana joint venture with Metal Tiger. The ASX-listed company raised an initial A$5.3 million through a 17c-per-share first tranche share placement. In the first tranche, the company’s existing placement capacity was …

Khoemacau Copper Mining’s and Cupric Canyon Capital’s Khoemacau project is a breath of fresh air for Botswana’s mining industry, which has recently experienced setbacks, including the closure of BCL’s nickel-copper mine in Selebi-Phikwe. The new mine, which is located in the Kalahari Copperbelt,’ is referred to by Khoemacau Copper as …

According to Mmetla Masire, the Botswana permanent secretary for the Ministry of Mineral Resources, Green Technology and Energy Security, the country has picked Premium Nickel Resources Corp. as the preferred bidder for its shuttered copper mining group BCL Ltd. Before making an offer for the state-owned miner, Trevor Glaum, the …

The World Bank (WB) estimates, for instance, that production of minerals like graphite, lithium and cobalt could grow by 500 percent in the next three decades to meet demand for clean energy technologies. This comes on the backdrop that mining remains a vital part of a low-carbon future, a fact …

Base metals have climbed this month on signs of progress in developing a drug to combat Covid-19, which would help economies reopen and global growth recover. But there are still immediate fears that fresh lockdowns – especially in the US – could bring renewed pressure on economic activity. The Trump …