20 November 2023
20 November 2023
In return for the investment, Trafigura will secure a 12.9% stake in Korea Zinc’s KEMCO, which is developing the nickel refinery.
The exploration licence will enable the company to start blanket soil geochemical work to define target areas for the drilling programme.
Australia, Brazil, China, India and Russia are the top five countries, together accounting for more than 80% of the total world’s output.
Russia, Ghana and the US will be the key contributors to the growth in global supply in 2023.
China is the largest coal-producing country accounting for about 50% of the world’s total coal production in 2022.
The addition of the Arcadia Lithium project in 2023 is forecast to further boost construction.
Copper production in Chile is expected to be negatively impacted by weather conditions in H1 2023.
Located in Newman, Western Australia, the Beyondie SOP project has a fully constructed plant with 1,800km² of tenements.
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The AI theme is extremely prominent in mining, with companies desperate to find new methods to improve productivity and minimize costs, while also finding new sources of minerals. AI is already playing a big role; however, its influence will only grow in the years to come. AI enables mining companies to use autonomous machinery and data to improve efficiency and productivity and reduce downtime. AI can help companies better understand the environment and terrain where exploitation is to begin.
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