Page 11 - Eva Copper News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Harmony Gold has agreed to acquire Copper Mountain Mining’s Eva project and its 2,100km² exploration land package in Queensland for $230m.

South Africa-based gold mining company Harmony Gold is set to acquire Eva copper project in north-west Queensland, Australia, for $230m.

Starting in 2035, gas-powered vehicles will be banned in California. New passenger cars sold in the state must be electric. Around one percent of all vehicles on the road today are electric. The number is expected to rise worldwide, according to many governments. In California, residents were recently urged not to charge their electric vehicles to save energy. That-s because California-s power grid was reaching its limits due to the heat wave. Somehow this sounds crazy when you think about the

The Eva project, in Australia, adds 1.72 billion pounds of copper and 260,000 ounces of gold to Harmony's mineral reserves.

Copper is an essential component of many electrical components. Thus, the construction and electrical industries need copper. Electricity storage and electromobility need copper, and these are growing areas. Because without the reddish metal, decarbonization cannot succeed. And copper demand is growing by the day. In 2021, the copper price rose to well over 10,000 U.S. dollars per ton, making copper one of the winners in the raw materials sector. Today, a ton of copper costs around 7,440 US doll