Aditya Birla to sell Mt Gordon copper mine in Australia

Aditya Birla Minerals copper mining company is negotiating with a third party to sell its Mt Gordon copper mine in Australia.

Free Report

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.

By GlobalData

By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy

By downloading this Report, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services.

Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mt Gordon mine is located in north-west Queensland, approximately 120km north of Mt Isa, which was targeted to produce 1.4 million tonnes of copper concentrate a year.

According to Press Trust India (PTI) in a filing to the Australian Stock Exchange, the company stated: “As part of the strategic review of the company’s Mt Gordon operations, the management is now in negotiations with a third party for the potential disinvestment of 100% shares in Birla Mt Gordon.”

“Management is now in negotiations with a third party for the potential disinvestment of 100% shares in Birla Mt Gordon.”

Mt Gordon mine has been put under care and maintenance with no mining operations happening since April 2013.

Hindalco Industries holds 51% of the shares in Aditya Birla Minerals and the company delivers its copper concentrates to Hindalco’s copper smelter in India.

Following a sinkhole incident in March this year, the Department of Mines and Petroleum issued a prohibition notice to the company.

Aditya Birla Minerals has reported a significant decline of 80% in copper production and 98% sales this year during the quarter ended September, compared with that for the same period in 2013.