01 October 2024
01 October 2024
Leading copper producer Chile is set to see a substantial increase in output.
The deal involves a full ownership transfer of the project, with payment in company shares and a net smelter return (NSR) royalty.
BHP expects the copper industry to face significant supply challenges with such drastic increases in demand.
Electric Mine Consortium’s report states that electric mines are set to operate at significantly lower costs but present challenges such as infrastructure and upfront costs.
The Kamoto mine in the Democratic Republic of Congo (DRC) produced 89,000 tonnes (t) of copper and 11,000t of cobalt in the first half of 2024 (H1 2024).
The placement involves the issuance of eight million new fully paid ordinary shares at A$1.25 apiece.
The funding will support the commercial-scale development of the company's Boron Americas Complex in the US.
The contract scope covers equipment delivery including systems for grinding, flotation, thickening, feeding and filtration.
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