Articles for tag: billion, boost, Copper, earmarks, output, Teck

February 12, 2025

Ron Finklestien

mining

Teck Invests Up to $3.9 Billion to Enhance Copper Production

Teck Resources Charts Growth Path with Multinational Mining Expansions Teck Resources has laid out an ambitious plan focused on expanding its production capabilities through manageable key projects in Chile, Canada, Peru, and Mexico. Quebrada Blanca Expansion Paves the Way for Copper Production A significant element of Teck’s strategy is the Quebrada Blanca mine, where the company holds a 60% interest. The QB2 expansion achieved its first production milestone by March 2023, reaching design throughput rates expected by the end of 2024. In the fourth quarter of 2024, Quebrada Blanca contributed 60,700 tonnes of copper to Teck’s total record quarterly production

March 19, 2024

Ron Finklestien

mining

Antofagasta’s Bold Move: $2.5 Billion Pours in for Centinela’s Expansion

New Horizons Unveiled A testament to Antofagasta’s finesse in unlocking value within its portfolio, the Centinela Second Concentrator project is poised to redefine the copper production landscape. With Chief Executive Ivan Arriaga at the helm, the company articulates its unwavering commitment to sustainable and responsible practices. A Fresh Stream of Support Not content with mere inertia, Antofagasta has taken steps to secure a separate agreement for Centinela’s water needs. An international consortium stands ready to provide the vital resource for current and future operations. By taking over Centinela’s existing water supply system and expanding it to cater to the second

January 25, 2024

Ron Finklestien

mining

Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages

Reparation and Cleanup Efforts Vale and BHP’s Samarco, which had been closed for five years, were focused on reparations, compensations, and clean-up efforts during that timeframe. Following several lawsuits and site inspections, the miner reopened Mariana Complex in December 2020 after ensuring its safety. Challenges and Shortcomings Brazilian prosecutors revealed that the Renova Foundation, established by the mining companies for damage reparation, failed to fulfill its commitments, creating additional challenges. Samarco announced the development of an enhanced security system in 2020, incorporating a monitoring and inspection center.

January 8, 2024

Ron Finklestien

mining

QC Copper’s Impressive Opemiska Resource QC Copper’s Impressive Opemiska Resource

QC Copper has announced that the measured and indicated resources at its Opemiska project top 1.88 billion lb. of copper and 915,000 oz. of gold. The out-of-pit resources, calculated with a cut-off of 0.8% copper equivalent, consist of 10.1 million tonnes grading 1.20% copper (1.37% copper equivalent), containing 268 million lb. of copper, 83,000 oz. of gold, and 5.5 million oz. of silver. Additionally, the inferred portion includes 11.0 million tonnes at 0.53% copper (0.54% copper equivalent), containing 127 million lb. of copper, 70,000 oz. of gold, and 907,000 oz. of silver. Stephen Stewart, the CEO and chair of QC