Nevada Copper Corp NEVDQ

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.

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Nevada Copper Corp

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Post by bogfiton Feb 15, 2021 6:05pm

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Post# 32569750

U.S. copper production drops 4.7% in 2020.

" according to the preliminary data released by the U.S. Geological Survey (USGS), estimated global mine production of copper was 20 million tonnes in 2020, or 2% decrease over 2019 (20.4 million tons).

With ~5,700 ktonnes of copper mined in 2020, Chile was the top copper producer worldwide, followed by Peru (2,200 ktonnes) and China (1,700 ktonnes). The top ten copper producing countries mined 15,920 ktonnes of copper in 2020, a 2.3% decline over 2019 (16,289 ktonnes).

Five countries (China, DRC, Russia, Zambia and Kazakhstan) out of the top ten increased their copper output and five (Chile, Peru, USA, Australia and Mexico) have seen a decline in production.

USGS said that global copper output declined over previous year primarily due to COVID-19 lockdowns in April and May. These disruptions significantly affected output in Peru, the second-ranked mine producer of copper.