02 November 2023
02 November 2023
Energy Monitor looks at where companies owning the most mines containing critical minerals are domiciled.
The Santa Luz tenements, which cover an area of 8,000 hectares (ha), have the potential to host spodumene mineralisation.
The Virginia plant will initially have a titanium production capacity of 125 tonnes (t) per annum, with first production anticipated next year.
The Don Enrique copper-silver project features four licences covering 1,800 hectares (ha) located 260km from Lima.
The Lac des Iles (LDI) mine was placed on care and maintenance during the second and third quarters of 2023.
Meteoric plans to use the funding to advance its Caldeira rare earth element project in Minas Gerais, Brazil.
Ero will fund exploration and engineering works on the Furnas copper project to earn a 60% stake.
The two blocks, which cover a total of 73 claims, expand the company’s land position at Eastmain project in Quebec.
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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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