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Tag: Cooper

South Africa’s company to start mining copper in Australia by 2028

Harmony Gold is targeting its first copper production from the Eva Copper project in Queensland, Australia, by 2028. Alongside this, Harmony has reported a 132% surge in headline earnings, with a record 12.7 billion rand ($715.2 million) in operating free cash flows. Despite this financial success and the announcement of a dividend increase, the company’s…
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September 11, 2024
Artificial Intelligence Sparks Copper-Boom In Zambia

Zambia’s copper mining industry is on the brink of a major transformation thanks to groundbreaking AI technology that has uncovered massive new copper deposits. This discovery, led by KoBold Metals, could make Zambia a key player in the global surge for copper, vital for electric vehicles and renewable energy. With potential production to fuel millions…
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July 27, 2024
Copper bull market buoyed by aging legacy mines, says analyst

In the copper industry, the cost of capital has been too high to justify the returns for mine investors and is the driving force behind the bull market for the past decade — this is a sentiment shared by analysts at Stifel Financial. “Broadly for larger projects, that’s what I’m seeing in the copper space…
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July 13, 2024