Bucyrus 49HR Drill with High Altitude Compressor

The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.

The Johnson Camp mine is under construction, with first copper production expected in mid-2025.

The Toronto-headquartered company now expects production of 380,000–440,000 tonnes copper this year, down from earlier estimates of 400,000–450,000 tonnes.

The Barro Alto and Niquelandia mines have attracted interest of bidders from “different nationalities and backgrounds,” says its CEO in Brazil.