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Global Scans · Mining · Weekly Summary


  • [New] The hit on Sibanye's income comes as the company advances projects including a lithium mine in Finland and plans to develop another one in the US. Nickel
  • [New] As a global center of mining finance, the UK can take advantage of the opportunities to offer liquidity to mining projects of any size in Chile. Great.gov.uk
  • [New] The world will need more than 100,000 metric tons of uranium per year by 2040 - an amount that requires nearly doubling mining and processing from current levels. Fortune
  • [New] As the Casa Berardi mine transitions to a surface only operation in 2024, gold production is expected to be lower compared to 2022. Yahoo Finance
  • By cushioning the financial risk and encouraging investment, the Chinese mining sector has been able to expand its capacity and technological expertise across the critical minerals supply chain. UTS ACRI
  • The cryptocurrency mining industry had the potential to disrupt the U.S. electricity supply, and absent the survey, public harm is reasonably likely if normal clearance procedures are followed. Just The News
  • In January, Canada's First Quantum Minerals said it would suspend mining operations at its Ravensthorpe nickel mine in Western Australia and instead produce nickel purely from stockpiles, putting over 100 jobs at risk. Global Trade Review (GTR)
  • Under a mine-to-battery-material model, NMG will produce natural graphite from its Matawinie Mine in Quebec to produce anode active materials at its battery material plant in Becancour, Quebec. Automotive World
  • With the global mining sector faced with rising demand, UK industry professionals have an opportunity to help towards the whole mining lifecycle in Chile. Great.gov.uk
  • HPX looks forward to being part of the growth of Liberia's mining industry and working collaboratively with the Government of Liberia to expand both the mining sector and multiuser infrastructure opportunities centered around The Liberty Corridor. Independent Probe Newspaper
  • Eagle (USA): The increase in Mineral Reserves at Eagle is primarily due to the increase in metal price assumptions and a change in mining method in the Keel zone which extends the mine life into 2029. MarketScreener
  • Central Africa: Growth is forecast to moderate to 3.5% in 2024 but projected recovery in private consumption and increases in mining investment and exports could help push growth to 4.1% in 2025. The Independent Uganda:
  • To meet international EV adoption targets, the world will need 50 new lithium mines, 60 new nickel mines and 17 new cobalt mines by 2030. GoldSeek
  • Gold cash cost in Manitoba is expected to increase by 10 %ii in 2024 compared to 2023 as a result of lower zinc and copper by-product credits and higher mining costs associated with less capitalized development costs. Hudbay Minerals Inc.
  • Copper cash cost in Peru is expected to increase to $1.25 to $1.60 per pound in 2024 versus 2023 primarily due to lower by-product credits and higher mining costs associated with lower capitalized stripping, partially offset by higher copper production. Hudbay Minerals Inc.
  • Consolidated gold production is forecast to decrease slightly to 291,000 ouncesii in 2024, compared to 2023, due to higher than planned gold grades being mined in Peru in the fourth quarter of 2023 and a deferral of high grade gold zones in Peru to 2025. Hudbay Minerals Inc.
  • In 2024, Puna is expected to produce 8.75 to 9.50 million ounces of silver at mine site cost of sales of $16.50 to $18.00 per payable ounce and AISC of $14.75 to $16.25 per payable ounce. Yahoo Finance
  • HPX looks forward to being part of the growth of Liberia's mining industry and working collaboratively with the government of Liberia to expand both the mining sector and multi-user infrastructure opportunities centred around the Liberty Corridor. International Railway Journal
  • Cerro Negro District Expansion 1 (Argentina) includes the simultaneous development of the Marianas and Eastern districts to extend the mine life of Cerro Negro beyond 2030. MarketScreener
  • There are no known factors or issues that materially affect the mineral resource and mineral reserve estimates other than normal risks faced by mining projects in Mexico in terms of legal, environmental, permitting, taxation, socio-economic, and political factors. MarketScreener
  • The current LCE prices in China are slightly above the industry cost curve suggesting new mines and expansion plans may begin to be delayed and if EV demand continues or picks up speed, LCE prices could recuperate to the US$20 kg range. Seeking Alpha

Last updated: 22 March 2024



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