Peru greenlights $2bn mine expansion

Australia classifies nickel as critical mineral amid industry crisis and Turkey rescinds Copler mine environmental permit.

Forward this email  |  View in browser MiningTechnology In Brief February 19, 2024 SPOTLIGHT READ Peru greenlights $2bn copper mine expansion The nation's Antamina mine will extend its production life from 2028 to 2036. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS First Quantum to exercise option over two licences in the Central African Copperbelt The company is looking for other forms of revenue after the cessation of its lucrative Panamanian operation.   NewPeak offloads Finnish, New Zealand gold permits Both the deals are part of the miner's ongoing rejuvenation efforts to prioritise battery and critical metals.   Cosmo exercises option to acquire Kanowna Gold Project in WA Situated in Western Australia, Kanowna Gold Project (KGP) is spread across 20km² and consists of 12 contiguous prospecting licences.   Turkey rescinds Copler mine environmental permit after landslide SSR Mining confirmed that all operations at the Copler mine will be on hold until further notice.   Australia classifies nickel as critical mineral amid industry crisis The move comes as several major miners have recently announced plans to exit nickel projects in Australia and elsewhere.   Hastings signs tolling and offtake deal with Baotou Sky Rock The move is expected to advance cash flows and achieve better pricing for the project's rare earth concentrate.   BHP plans WA nickel operations closure amid price drop The company is also re-evaluating the investment and timeline for the West Musgrave project. Read more news INDEPTH READ M&A landscape in the Mining sector (2023)   GlobalData's latest report analyzes the disruptive themes that have driven M&A activity in 2023 in the Mining sector. In 2023, the global mining market witnessed deals worth $121 billion, growth of 75% compared to 2022. The sector recorded 16 mega-deals, an increase of 33% compared to 2022. 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 Australia Issue 40 | February 2024   In this issue: The impact of plummeting lithium prices, Australia's coal future, innovation in collision avoidance technology, 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