SX/EW

Freeport-McMoRan on Copper Prices: You Ain't Seen Nothing Yet, an Industrial Info News Alert

Retrieved on: 
Friday, January 26, 2024
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Those expectations for copper are flat when compared with 2023's results, but exceed last year's sales of gold and molybdenum.

Key Points: 
  • Those expectations for copper are flat when compared with 2023's results, but exceed last year's sales of gold and molybdenum.
  • "As a result, inventories of copper around the world are at historically low levels, and the inventory levels are really inconsistent with the current copper price."
  • Looking ahead, the world's going to need significantly more copper in the future for a variety of factors.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.

Freeport-McMoRan to convert fleet of Cat® 793 trucks at its Bagdad mine in Arizona to autonomous haulage using Cat MineStar™ Command for hauling

Retrieved on: 
Tuesday, October 31, 2023
Cat, Mining, NYSE, Copper, SX/EW, Molybdenum, FCX, CAT, AHS, Command, Injury, Freeport-McMoRan, GHG, Safety, Heavy equipment, Caterpillar

IRVING, Texas, Oct. 31, 2023 /PRNewswire/ -- Caterpillar (NYSE: CAT) and Freeport-McMoRan (FCX) announce that the two companies are collaborating to convert the mining company's fleet of 33 Cat® 793 haul trucks at its Bagdad mine in Arizona to an autonomous haulage system (AHS) using Cat MineStar™ Command for hauling.  

Key Points: 
  • "The three-year conversion project is expected to improve safety, optimize our fleet, reduce GHG emissions through reduced idle time and position us to capitalize on future technological advancements in electrification."
  • Celebrating the 10th anniversary of Command for hauling, Caterpillar has more than 620 autonomous trucks operating with 15 customers on three continents.
  • "We are pleased to collaborate with FCX as they transition to fully autonomous haulage at Bagdad," said Denise Johnson, group president of Caterpillar Resource Industries.
  • Additionally, Caterpillar continues to work with Freeport, and other mining companies, to introduce new electrification technologies supporting their sustainability objectives."

Arizona Sonoran Announces Updated Mineral Resource Estimate for the Cactus Project

Retrieved on: 
Monday, October 16, 2023
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Stockpile resource estimates have an effective date of 1st March, 2022, Cactus resource estimates have an effective date of 29th April, 2022, Parks/Salyer resource estimates have an effective date of 19th May, 2023.

Key Points: 
  • Stockpile resource estimates have an effective date of 1st March, 2022, Cactus resource estimates have an effective date of 29th April, 2022, Parks/Salyer resource estimates have an effective date of 19th May, 2023.
  • Technical and economic parameters defining resource pit shell: mining cost US$2.43/t; G&A US$0.55/t, 10% dilution, and 44°-46° pit slope angle.
  • The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, sociopolitical, marketing, or other relevant factors.
  • The Cactus Project resource updates are based upon updated drilling data and interpretations.

Arizona Sonoran Reports Positive NutonTM Technologies Extraction Rates on Cactus Primary Sulphides

Retrieved on: 
Monday, June 5, 2023
Mining, Minerals, Natural Resources, Citroën C4 Cactus, Cactus, GHG, Multimedia, PFS, ASCU, SX/EW, Water, Oxide, TSX, Rio Tinto, Uranium mining, Nuton

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) an emerging US-based copper developer and near-term producer, today reports positive preliminary column leach metallurgical extraction rates using the NutonTM technologies as part of the Phase 1 testing program with Nuton LLC, a Rio Tinto venture.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) an emerging US-based copper developer and near-term producer, today reports positive preliminary column leach metallurgical extraction rates using the NutonTM technologies as part of the Phase 1 testing program with Nuton LLC, a Rio Tinto venture.
  • Primary sulphide extraction ranges from 61% to 82% based on 5 columns, including 2 early cycle columns returning 83% and 61%, 2 mid-cycle columns above 70% and 1 with lower extraction based on biotite content.
  • Nuton is currently reassessing the additives for this low extraction column to address future biotite exposure, which accounts for approximately 1-2% of the Cactus West deposit in the primary zone.
  • TABLE 1 below and FIGURES 4-6 illustrate results from preliminary extraction rates ranging from 75 days up to 150 days of direct column leaching.

Hudbay Announces Filing of Technical Report for its Copper World Complex

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Thursday, July 14, 2022
NI, Canada Business Corporations Act, News, Economics, Indigenous peoples, Acquisition, Security (finance), Geology, Lima Stock Exchange, Disclosure, Toronto Stock Exchange, Copper, SX/EW, GLOBE, Carbon, NYSE, Pea protein, IFRS, Technical report, TSX, Policy, Silver, HBM, Legislation, SEDAR, Life, National instrument, Eastman Kodak Co. v. Image Technical Services, Inc., EDGAR, AIF, Gold, Wheaton Precious Metals, Industry, COVID-19, PEA, New York Stock Exchange, Risk, Zinc, Health, Phase II, Exploration, Metal, 1995 Skoal Bandit Copper World Classic, Nature, Area studies, Mining, Government, Uncertainty, Contract, EBITDA, Uranium, Lithium, Risk management, Cryptocurrency, Audit, Hudbay Minerals

TORONTO, July 14, 2022 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (Hudbay or the company) (TSX, NYSE: HBM) today announced that it has filed a National Instrument 43-101 technical report containing the results of the preliminary economic assessment of its 100%-owned Copper World Complex in Arizona, which includes the recently discovered Copper World deposits along with the Rosemont deposit.

Key Points: 
  • TORONTO, July 14, 2022 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (Hudbay or the company) (TSX, NYSE: HBM) today announced that it has filed a National Instrument 43-101 technical report containing the results of the preliminary economic assessment of its 100%-owned Copper World Complex in Arizona, which includes the recently discovered Copper World deposits along with the Rosemont deposit.
  • These measures do not have a meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers.
  • The scientific and technical information contained in this news release has been approved by Olivier Tavchandjian, P. Geo, Hudbays Vice-President, Exploration and Technical Services.
  • Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver), zinc metal and silver/gold dor.

Arizona Sonoran Strengthens Management Team

Retrieved on: 
Tuesday, May 10, 2022
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Arizona Sonoran Copper Company Inc. (TSX:ASCU) (ASCU or the Company), an emerging US-based copper developer and near-term producer today announces it has increased the bench strength of its Operations Team in Arizona and the Toronto-based finance team.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU) (ASCU or the Company), an emerging US-based copper developer and near-term producer today announces it has increased the bench strength of its Operations Team in Arizona and the Toronto-based finance team.
  • He will be a key addition to the Toronto finance team as ASCU moves through the Feasibility Studies and into project financing.
  • ASCU President and CEO, George Ogilvie commented We welcome the new team members in anticipation of the engineering, procurement, construction and management stage of the Projects development.
  • Mr. Johnson is a resident of Arizonan with over three decades of environmental management, hydrological engineering, and project management experience in the states mining industry.