Copper News Hubb
Advertisement Banner
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact
No Result
View All Result
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Mining

Taseko and Mitsui partner to develop Florence copper project

admin by admin
December 20, 2022
in Mining


The parties intend to use this period to develop premium sales channels for ‘green copper’ in the United States, leveraging Mitsui’s existing US cathode trading business and the unique environmental benefits of Florence Copper, which is expected to be the lowest carbon and energy intensity copper producer in North America.

In addition, Mitsui has the option to invest an additional $50 million for a 10% equity interest in Florence Copper. The equity option is exercisable by Mitsui within a three-year period following completion of the commercial production facility. If Mitsui elects to exercise its equity option the copper stream will terminate.

Sayu Ueno, president and CEO of Mitsui (USA), said: “We are excited to partner with Taseko and its unique, low-carbon and low-impact Florence Copper project. When in production, Florence Copper will significantly expand our US cathode trading business, while providing an environmentally sound, domestically produced product that can be marketed on the basis of its low-carbon advantages.

“We believe Florence Copper will be a preferred source of ‘made-in-the-US’ copper for many end users in North America,” he added.





Source link

Previous Post

Iamgold surges on billion-dollar asset sales to fund Côté gold project in Ontario 

Next Post

Iamgold secures $340m from Sumitomo for Canadian gold project

Next Post

Iamgold secures $340m from Sumitomo for Canadian gold project

Recommended

Ivanhoe Electric ties up with Saudi Arabia’s Ma’aden

3 weeks ago

FQM ZAMBIA BOSS HITS OUT AT MINING JOB SCAMS

2 days ago

Sicomines, the CMOC – Gécamines conflict… the Congolese Government is reviewing certain Chinese mining agreements

2 months ago

Ironveld partners Pace to produce DMS-grade magnetite

4 days ago

Pan American Silver offers to acquire Yamana Gold shares for $1 billion

2 weeks ago

StrategX Signs Advertising Campaign Agreement with Investing News Network

4 weeks ago

© 2022 Copper News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact

© 2022 Copper News Hubb All rights reserved.