Mining in the future
This trend extends to all industries and companies up to and including mining. The future raw material mix will be driven by changes in consumption, new energy sources and the increased use of modern technologies.
The raw materials for the fourth industrial revolution are also supplied by the mining sector. From lithium to copper, from rare earths to cobalt. Because these raw materials are necessary for new energy sources, for energy storage or electricity transmission. Lithium is the raw material that the important power storage batteries need.
In the middle of the famous lithium triangle, for example, Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=298888 - is busy developing its two lithium projects in Argentina. The feasibility study for the 8,600 hectare Pastos Grandes project has been completed and confirms the project's potential to be a strong lithium carbonate producer with a 40-year lifetime.
Copper is a raw material that is used in many areas. In British Columbia, Copper Mountain Mining owns 75 percent of the Copper Mountain Mine. In the second quarter of 2019, the mine produced 22.1 million pounds of copper equivalent. Copper Mountain Mining - https://www.commodity-tv.net/c/search_adv/?v=298887 - also owns the approved Eva Copper project in Australia.
The mine of the future relies on the latest technologies, on productivity improvements as well as on cost reduction and pays attention to the safety of the miners. Negative developments such as unexpected closures, accidents or higher than expected inflation need to be controlled. Mining companies have to prove that they can keep up with the changes, and this also applies to the CO2 balance.
Current corporate information and news releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/) and Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/).
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