? Thierry Mine ? Our Thierry mine is a good candidate for this scenario !!
Energy transition is going to require a lot of copper, but miners are still cautious, said Kitco correspondent Paul Harris.
On Friday Harris recorded Kitco Roundtable with mining audiences manager Michael McCrae and CEO and co-founder of Enduro Metals, Cole Evans. Enduro Metals (TSXV: ENDR) is an exploration company focused on British Columbia’s Golden Triangle.
In late March Harris covered the CRU World Copper Conference 2022 in Santiago, Chile.
According to CRU presentations at the show, there is a six-million tonne per year supply deficit for copper. The deficit will require about $100 billion of investment, but miners are mostly limiting risk by developing brownfield sites, areas that were previously mined.
"Mining companies are pretty much focused on brownfield projects where they perhaps already got permitting," said Harris. "They've already got relationships with communities and local government. Companies do not want to engage in greenfield developments at the moment. I guess the feeling is [greenfields] are just high-risk from a permitting point of view, from a cost view and from a cost overrun point of view."
Cole said there will be an eventual turn to greenfields development.
"There's only a finite amount of brownfields projects," said Cole. "I think you're going to start to see a transition."
Kitco Roundtable is sponsored by Golden Minerals.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.