Iron ore was a outperformer in 2020, owing to the increase in demand driven by China’s infrastructure stimulus and supply constraints.
It has submitted a global patent to turn purpose-built shafts into pressurised energy stores, capable of accumulating gas.
The sector faces pressure from governments, investors, and society to reduce emissions. Mining is responsible for 4 to 7% of GHG emissions.
The threat from aluminium as a viable energy transmission alternative is being vastly underestimated." - Julian Kettle, Wood Mackenzie
The progress at Vidalia and its vertical integration with Balama is a value proposition to Governments, auto OEMs and battery manufacturers.
In 2021, copper production is expected to bounce back, rising by up to 3.8%, to reach 12.2 Mt, according to GlobalData.
The graphite mine and processing facilities are located adjacent to the town of Zavallya, approximately 280 km south of Kyiv.
"Rapid progress in improving orebody knowledge has opened up resource growth and exploration opportunities." - Grigore Simon