El cobre! Big copper deal in Spain on cards, Oz exploration on agenda, Brazil rare earth production gets going and more...

Grupo Mexico, Serra Verde, Appia, Solaris, Rimfire and others in the headlines…

Forward this email  |  View in browser MiningTechnology In Brief January 12, 2024 SPOTLIGHT READ Grupo Mexico mulls Spanish copper mine acquisition The move comes after First Quantum's primary operation, the Cobre Panama mine, was mandated to cease operations. LATEST NEWS Serra Verde begins rare earth production in Brazil The company has started commercial production of mixed rare earth concentrate (MREC) in Brazil.   Appia expands mining claims in Brazil The expansion includes 12 new claims independently staked by Appia, incorporated into the project acquisition at minimal cost.   Rimfire expands Broken Hill Cobalt project in Australia The company agreed to acquire two exploration licences from Castillo Copper.   Solaris secures C$130m in private placement from Zijin Through the investment, Zijin will acquire more than 28 million of Solaris' shares, which account for around 15% of its capital.   Taseko's Gibraltar copper output up 26% in 2023  Production at second largest copper mine in Canada is 'well above' targets.   Rainbow Rare Earths starts rare earth oxide separation in US The first batch of separated oxides, specifically neodymium and praseodymium, is expected to be delivered in the coming weeks.   Gold Fields to offload stake in Rusoro Mining The initial cash purchase price is approximately $62.3m, with additional contingent consideration based on future events.   KEFI secures finance package approval for Tulu Kapi Gold Project KEFI Gold and Copper (KEFI) is on track for a full project launch and funding drawdown in the first half of 2024. Read more news INDEPTH READ Underground Mining Equipment Market Analysis   The total number of underground mining trucks and loaders/LHDs in underground mines at the end of 2023 was estimated at 22,927, of which 19,718 were at active mines. GlobalData predicts that the highest growth in machine counts is expected in Oceania and Africa and the Middle East, supported by both new purchases from new mines entering production and replacements. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo MINE Digital Magazine   MINE Issue 136 | January 2024   In this issue: China strengthens its dominance of the lithium market, 2023 in data, the hidden carbon costs of automation, how COP28 put a spotlight on coal phase-out, and more. Read the magazine Click below to view more from across the network: Power Technology   |   Offshore Technology   |   Energy Monitor   Was this email forwarded to you? Sign up here.   Please send any news or comments to: energy.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences