Copper mining company profits topped $100 billion two years in a row, but building a new mine now takes on average 16 years.

The use of new digital technology to optimise concentrator performance at the world's biggest copper mine in Chile is expected to improve recovery.  

NewRange holds both the NorthMet and Mesaba copper, nickel, cobalt, and platinum group metal deposits in northeastern Minnesota.

China, with an output of 395,000 tonnes of lithium carbonate in 2022, is the world's top smelter of the metal.

The company has picked the bank to help it put together a bid for Botswana's Khoemacau mine.

Company last year entered into a partnership with Rio Tinto focused on the world’s second biggest miner’s Nuton technologies.

Teck is leaning toward selling only a portion of its coal business, according to mining veteran Pierre Lassonde, who is hoping to emerge the victor in a continuing auction of the company.

The underground mine, located in the Fresnillo silver trend of Mexico, is owned 44% by MAG and 56% by Fresnillo plc, its operator.