A consortium of Sumitomo and Mitsubishi will fund A$98.5 million for the costs of a DFS on the Kalgoorlie project.

The biggest producers all want to increase copper output to take advantage of rising demand for electric vehicles, grid infrastructure and data centers.

BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected.

The US had requested a probe last year into alleged workers rights abuses at a Grupo Mexico mine in the central state of Zacatecas.

Juniors are extremely important to major mining companies because they are the firms finding the deposits that will become the next mines.

The company also edged up its forecasts for this year, predicting output of 949,000 tons.

It will complete a non-brokered private placement for C$2.27 million and a consolidation of its common shares, effective May 1.

The state-owned miner said output totaled 295,000 metric tons, down 10% from the same period last year.