Energy Transition Archives

Lundin Mining and BHP Partner to Acquire Filo in $4.1 Billion Deal

July 31, 2024 Chris Thompson

Lundin Mining (TSX: LUN | NASDAQ: LUMI) and BHP Group (ASX: BHP) have announced a $4.1 billion acquisition of Filo Corp (TSX: FIL). On a copper equivalency basis, the deal values the Filo del Sol project at US$0.33 per pound. The deal forms a joint venture focused on the Filo del Sol project in Chile and the Josemaria project in Argentina, aiming to develop these major copper sites. This partnership strategically positions both companies to address the increasing global demand for copper, driven by the transition to renewable energy. The transaction is expected to close in Q1/2025, pending regulatory approvals and other conditions. [more]

Insights from the CEO Panel on Critical Metals at PDAC 2024

March 15, 2024 Chris Thompson

The CEO panel on Critical Metals at PDAC 2024, featured industry leaders from Teck, Albemarle, Vale, and BHP, and delved into the future of commodities amidst volatile markets. Discussions highlighted sustainability as a strategic advantage, the balance between growth and environmental stewardship, community engagement, and the role of technology in accelerating mineral discovery. The panel underscored the importance of secure, ethically sourced supply chains and collaborative efforts to overcome regulatory challenges. These insights emphasize the industry’s commitment to sustainable practices and innovation, ensuring a resilient supply of critical metals for the energy transition. [more]

2024-03-03 PDAC 2024 Keynote Speech - Metals Matter

“Metals Matter” Keynote Speech by Jakob Stausholm of Rio Tinto at PDAC 2024

March 8, 2024 Chris Thompson

At the PDAC Convention 2024, Rio Tinto CEO Jakob Stausholm outlined the Company’s strategic response to global economic and geopolitical challenges, emphasizing decarbonization, innovation, and sustainable mining practices. Stausholm highlighted the importance of metals in the renewable energy transition and detailed Rio Tinto’s commitment to safety, environmental stewardship, and stakeholder engagement. The Company’s multifaceted strategy includes diversifying supply chains, investing in technological advancements, and fostering collaborative relationships to ensure resilience and growth amidst uncertainties. Rio Tinto‘s proactive approach positions it as a leader in sustainable mining, ready to meet the increasing demand for critical minerals. [more]

Navigating the Keynote Speakers at PDAC 2024

February 1, 2024 Chris Thompson

The PDAC 2024 Convention in Toronto showcases a lineup of keynote speakers, each offering unique insights into the mineral exploration and mining industries. Jakob Stausholm of Rio Tinto will discuss the pivotal role of metals in the renewable energy transition. Michael Stanley from The World Bank will explore the potential of the Global South in reshaping mineral supply chains. Denise Johnson of Caterpillar will address the transformative impact of technology on mining. Lastly, Wojtek Wodzicki from Lundin Group‘s Vicuña Exploration Team will share their ground-breaking discovery story. These sessions promise to enlighten and inspire, highlighting innovative approaches and challenges in the industry. [more]