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Peru's 2024 copper target is realistic, mining magnates say

The Peruvian government's 2024 copper production goal of three-million metric tons is realistic, senior industry executives said on Tuesday, as the country seeks to boost mining investments to help lift the economy out of recession. The South American country produced 2.76-million tons of copper last year, dropping its rank from first to second for global production of the red metal. It still ranks first globally for export volumes.
United States Minera Las Bambas Tia Maria Las Bambas South American Southern Copper

Menar advancing on the manganese front

Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's diversification into manganese began in 2021 with the East Manganese project in the Northern Cape, where a second manganese project is now at an advanced stage of assessment, and a manganese acquisition is under consideration.
Republic Of Port Elizabeth Eastern Cape South Africa Richards Bay Kwazulu Natal

Fortescue excluded from world's biggest hydropower plant development

A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer. Natural Oilfield Services signed a preliminary deal with Congo on May 9 to build a smaller version of Fortescue's proposed Grand Inga project, which would have generated around 40 GW of hydropower.
Democratic Republic Of The Congo Grand Inga Bas Congo New Delhi Chetan Sandesara Sandesara Indian

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Civil Unrest Shakes New Caledonia's Nickel Industry Amid Global Implications

Civil unrest in New Caledonia, a major nickel producer, has disrupted mining operations, causing a spike in nickel prices. The territory's complex political landscape and high operating costs pose ongoing challenges for its main nickel companies. Efforts to attract new investors continue amid financial difficulties and global market dynamics.
New Caledonia General New Caledonia City Of United Kingdom France General Nikhil Shah

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