Zijin Mining to produce 50% more copper by 2028

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The state-owned miner’s new goal is to boost copper production to 1.22 million tonnes next year. It also plans to further boost output to between 1.5 and 1.6 million tonnes by 2028, which represents a 50% increase 2023. Zijin, which is also China’s top gold miner, justified the production forecast revisions to positive market fundamentals and the potential for capacity expansion.

The company, one of China’s most acquisitive metals groups and its biggest listed miner, intends to expedite the expansion of its Congo andCopper prices are trading near all-time highs as decades-old existing mines have shown it is unlikely they will meet a soaring demand driven by the world’s shift towards green energy.

Anglo will scale back investment in the Yorkshire mine, which employs about 2,000 people from one of the UK’s highest unemployment rate areas.Anglo American has turned down BHP’s bids twice since April 25, stating the offers continue to considerably undervalue the company.The Treasury Department is willing to grant limited sanctions in return for Gertler relinquishing his royalty streams on three strategic projects.

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