Since 2010, copper and gold head grades have dropped 7.6% and 13.4%, respectively. New high-grade operations in the Democratic Republic of the Congo (DRC) have, however, stalled this decline for copper in 2022. In the last three years, we have seen gold mined and reserve grades start to align, a signal that with a higher gold price, marginal miners have had more leeway to reduc...
READTotal capital expenditure is forecast to drop approximately $1.26 billion in 2024, with all sectors except iron ore and palladium subject to spending cuts. The impact of construction delays, operators' focus on late-stage or minesite projects over greenfield exploration, and the comparative lack of new projects transitioning from approval to build continue to dampen development...
READFollowing the recent announcement detailing Teck Resources Ltd.'s plan to split its current structure into separate carbon- and metals-focused business units, Glencore PLC approached Teck with an unsolicited bid for the Canadian miner, which was made public April 3 and roundly rejected. Glencore replied April 11 to a letter submitted by Teck's board, addressing concerns raised ...
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