Antofagasta expects 2024 copper output at low end of yearly forecast
Antofagasta produced 284,700 metric tons of copper in the first half, down 3.7% from the same period in 2023.
Lundin Mining is developing a new nickel deposit that could extend the life of its Eagle nickel and copper mine in Michigan’s Upper Peninsula that ramped up to full production in 2015 and is expected to see output gradually decline from this year on, according to an official with the Canadian company.
"We’re aggressively drilling Eagle East, a new deposit, and that’s looking quite promising," the official, who asked not to be identified, said Monday.
The drilling is aimed at allowing the Toronto-based company to "come up with an inferred resource," the official said. "The grades [of ore] are looking real good, and we could have an inferred resource in 2017."
