Copper

As the demand for copper surges amid the energy transition, mining experts expect supply deficits to emerge in coming years, in part due to lacklustre investment in exploration and construction of new copper mines. Mining company executives’ preference for safe, short-term returns has led to a massive underinvestment in new …

Trigon Metals, based in Canada, announced that its Kombat copper mine in Namibia has reopened after a 14-year hiatus. Kombat is expected to produce 4,000 tonnes of copper concentrate in 2022, according to Trigon. By adding an underground mine in 2024, the company expects to produce 14,500t. Last year, Trigon …

While its legal fight over a denied license renewal continues, Deep-South Resources has successfully barred anyone else from exploring the Haib copper property in Namibia. In July, the Canadian corporation moved for an immediate interdict to prevent the grant of a license over the same territory, as well as a …

According to Namibia media reports, Tom Alweendo, the Minister of Mines and Energy, is embroiled in yet another license glitch after being taken to court recently. David Shikwambi (83) accuses the minister of attempting to deprive him of two exclusive prospecting licences (EPLs) whose renewal had been denied. Deep-South Resources …

Now that the mining licence has been renewed for 10 years, Trigon Metals is aiming to start copper production before year-end at its flagship, 80%-owned Kombat project in Namibia. “The renewal of our licence at Kombat marks a key milestone as we prepare to commence copper production by the end …

While giving one of the most bullish forecasts yet for copper, a leading metals trader said copper could surge above a record to $12 000 a ton in 18 months on new demand from green initiatives. The bellwether material has already doubled since a nadir in March to reach a …

White Metal Resources (TSXV: WHM) has announced that it has concluded a transaction with Noronex (ASX: NRX) relating to its Namibian Kalahari Copper Belt ventures, in particular the copper-silver DorWit project. In connection, Noronex has been assigned the rights to the original earn-in agreement made with RZJ Capital Management under …

Base metals have climbed this month on signs of progress in developing a drug to combat Covid-19, which would help economies reopen and global growth recover. But there are still immediate fears that fresh lockdowns – especially in the US – could bring renewed pressure on economic activity. The Trump …

White Metal Resources has revealed that the primary objective of the 2020-21 exploration programme is to update historical mineral resources in the Okohongo deposit and complete a technical report and mineral resource estimate compliant with The National Instrument 43-101 (NI 43-101). The TSX-listed company has initiated its 2020-21 exploration programme …

Mineral resources at Kombat copper project in Namibia are now up with more than 450% from the 7 million tonnes previously calculated in 2018. According to Trigon Metals (TSXV: TM), the total mineral resources are estimated to be at 39.1 million tonnes (including inferred resources). Earlier this month, Trigon outlined …