Anglo American's Quellaveco copper mine achieved full ramp-up in 2023, producing 319,000 tonnes of copper at a unit cost of 111 c/lb. The company's total copper production for 2023 was 826,200 tonnes, a 24% increase from 2022. Teck Resources reported record copper production at Quebrada Blanca, with 34,300 tonnes in Q4 and 55,500 tonnes in 2023. Anglo American CEO Duncan Wanblad expressed optimism about demand trends for metals and minerals. Teck Resources expects a significant increase in total group copper production in 2024, targeting 465,000-540,000 tonnes. Capstone Copper projects a consolidated copper production of 190,000-220,000 tonnes in 2024.
Ivanhoe Mines says Kamoa-Kakula produced 393,551 tonnes of #copper in concentrate in 2023, +18% yoy and achieving its production guidance range of 390,000 to 430,000 tonnes despite intermittent grid instability.
Copper Autocorrelation vs. Metals Sector - Unlike #gold, #copper prices are typically more subject to autocorrelation forces and may be leaning toward $3 a pound in 2024 vs. above $4. The industrial metal made a new $5.04 high in 2022 and #crudeoil didn't, which may show copper's… https://t.co/u4wyvIFHE5
Mineral Production in the Country grows by 5.1% in December 2023 https://t.co/SJ7onwoDUS
Mineral Production in the Country has grown by 5.1% in December 2023 as compared to the level in the month of December 2022. As per the Ministry of Mines, the cumulative growth of Mineral Production for the period April to December, 2023-24 is 8.5% higher than the corresponding… https://t.co/jAGy2Geljt
Capstone Copper expects to produce 190,000-220,000 tonnes of consolidated #copper in 2024, it says
Capstone Copper says 2023 #copper production was 164,353 tonnes. Copper production for Q4 was 44,103 tonnes, which consisted of 15,933 tonnes at Pinto Valley, 11,587 tonnes at Mantos Blancos, 10,019 tonnes at Mantoverde, and 6,564 tonnes at Cozamin.
Teck Resources produced 539,800 tonnes of #zinc in concentrate at Red Dog and 104,200 tonnes at Antamina in 2023 (total 644,000 tonnes). Expects total zinc in concentrate production in 2024 of 565,000-630,000 tonnes, as Antamina share slips to 45,000-60,000 tonnes, it notes
Teck Resources says its refined #zinc production was up at 267,000 tonnes in 2023 vs 249,000 tonnes in 2022. Refined zinc production is expected to be 275,000-290,000 tonnes in 2024 - due to improved concentrate availability
Teck Resources expects total group #copper production of 465,000-540,000 tonnes in 2024, vs 296,500 tonnes in 2023, it says. Company cites increased production at QB and Highland Valley Copper.
Teck Resources says Quebrada Blanca production of #copper in concentrate was a record 34,300 tonnes in Q4 & 55,500 tonnes in 2023. QB was operating near design throughput capacity at end of 2023; ramp-up continues, with production expected to reach 230,000-275,000 tonnes in 2024
“There is no doubt that while the immediate macro picture presents some challenges for our PGMs and diamonds businesses, the demand trends for #metals and #minerals have rarely looked better," says Anglo American CEO Duncan Wanblad
Anglo American gives 2024 production guidance of 730,000-790,000 tonnes for #copper, 36,000-38,000 tonnes for #nickel, and 58-62 million tonnes of iron ore.
⚠️ ANGLO AMERICAN'S EFFORTS TO TACKLE WEAK COMMODITY PRICES (Reuters) Miner Anglo American said on Thursday it will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations. The London-listed company has taken some measures to… https://t.co/79uVZR3tku
Anglo American's #nickel EBITDA more than halved in 2023, to $133 million vs $381 in 2022. #Copper EBITDA rose significantly to $3.2 billion vs $2.1 billion yoy. #Iron ore EBITDA was also higher in 2023, at $4 billion vs $3.4 billion in 2022.
Anglo American's 2023 #nickel production increased marginally to 40,000 tonnes, from 39,800 tonnes in 2022
Anglo American's Quellaveco #copper mine is fully ramped up and produced 319,000 tonnes of copper at a unit cost of 111 c/lb in 2023, the company says. Total group copper production in 2023 was 826,200 tonnes, +24% vs 664,500 tonnes in 2022
Lundin Mining says 2023 #zinc output was 185,161 tonnes, up from 158,938 tonnes in 2022. Guidance for 2024 is 195,000-215,000 tonnes.
Lundin Mining says 2023 #copper production was 314,798 tonnes, vs 249,659 tonnes in 2022. Guidance for 2024 is 366,000-400,000 tonnes.
IGO says its #nickel guidance for 2024 is 28,500-31,000 tonnes, while #lithium spodumene guidance is 1,300–1,400 tonnes.
Ero Copper expects to produce 90,000-100,000 tonnes of #copper from its Caraíba and Tucumã operations in 2026, the company says. Production in 2023 was 43,857 tonnes.