Soaring demand for copper will help drive mergers, BHP CEO says
Demand for copper, a key element in the energy transition, is set to rise by 70% to 100% by 2050, Mike Henry said
Canadian explorer Guyana Goldstrike is proceeding with the acquisition of the Jupiter copper project in Antofagasta, Chile, and will no longer change its name.
The deal, inked in July with private company Jupiter Electric Metals, would have marked a significant shift in the company’s focus and branding as besides buying the project, it would have changed its name to Copper X Mining.
With the acquisition now off the table, the company has decided to continue operating under its current identity. It also announced the appointment of Michael Kinley as chief financial officer (CFO), effective immediately. Kinley steps into the role following the departure of Scott Davis, who has left the company to pursue other interests.
Guyana Goldstrike is actively reviewing and evaluating other resource opportunities as it seeks to realign its business strategy.
