RE:RE:RE:RE:RE:RE:RE:Sign of the times.thats not opine! U R stating this as a fact w/o evicence...
That nino is ridicolous… sell constance to buy and undeveloped resource …
the board is for NIC..
will hud buy NCI ? Who knows.. they are on my short list…
and according from my armchair legal degree.. that sale will tag a closing fee close to 100M$..
THEN from the stork ASM around 1B shares were proxied in the vote by registered holders.
This was nice.. it accounts for my estimates of the missing 400M shares – PROBABLY parked on the CBOT in Chicago..
https://s23.q4cdn.com/405985100/files/doc_financials/2024/q1/FS524.pdf
Constancia
Primary Metal
Copper
Daily Mill Capacity
90,000 tonnes
Mine Type
Open Pit
PAMPACANCHA
Primary Metal
Copper, Gold
Mine Type
Open Pit
Mining projects in Peru
In 2024, copper production is anticipated to rise by 4%, reaching close to 3 million metric tonnes, according to estimates from Peru’s National Society of Mining, Petroleum and Energy (SNMPE). Importance of copper is evident given its demand from various sectors. It is an extensively used material in construction, telecommunication, automobile, and power sectors. Copper is also one of the modern world’s most needed energy transition metals. It is the cornerstone for all electricity related technologies, from solar panels to electric vehicles and consumer electronics.
Mining Investments
In 2023, Peru’s copper output reached a record high driven largely by the ramp up of Anglo American’s Quellaveco mine which came online in late 2022. The open pit operation, located in the south of Peru, accounted for more than 10% of domestic copper production.
According to preliminary information published by the Ministry of Energy and Mines, the country extracted nearly 2.7 million metric tonnes of copper, a 14% increase with regards to the previous year. This still places the country as the world’s second largest copper producer. Cerro Verde (operated by FreeportMcMoRan), was the top producer of copper in Peru, followed by Antamina (owned by BHP, Glencore, Mitsubishi and Teck Resources) and Southern Copper (owned by Grupo Mexico). With the spectacular increase of 2023, Peru’s copper production continued to close the gap with Chile, the world’s largest producer of the red metal.