Everyone in the market right now has its eyes on copper prices ever since its recent high rise in years, to over $3.70 per pound.
It is speculated that this recent surge in prices has to do with the metal’s high demand for future technology used in renewable resources. So copper mines and are all in to take advantage and fasten their projects to start production.
Taskeo is accelerating its Florence copper project, moving forward with final design engineering of the commercial productions
They have announced a completed offering of $400 million aggregate principal, amount of 7.0% senior secured notes due in 2026. Taking this into the equation, they will have $131 million available for capital expenditures, working capital and general corporate purposes. This will help strengthen their financial position and lower capital cost.
Taseko stated that Florence is one of the least capital-intensive copper production facilities with an estimated $0.90 per pound of copper once operating and a production of 40,000 tons of high-quality cathode copper annually for the US market.
References: M. (2021, February 10). Taseko raises $200m to fund Florence copper project. Retrieved from https://www.mining.com/taseko-raises-200m-to-fund-florence-copper-project
En el módulo de Obras 3D, tenemos un comando llamado Sobrerotura. Este nos permite crear un reporte en el que se calcula el volumen de dos obras, su diferencia y el porcentaje de sobrerompimiento. Este comando es de gran utilidad para conocer la diferencia entre las obras planeadas y las obras reales, ya sean rampas, galerías, cruceros, etc.
During election, the energy system is always a topic for candidates. The Biden administration made a clear ground on how they are going to manage this system and have already began to do so after just taking office. The priorities of administrations have always sought to have their impact on the way the energy system functions, but is it that much of an impact as the demand, prices, and technological breakthroughs?
Since the 1950s to this day, energy sources have gone through constant change. For instance, in the beginning Oil and Coal were dominating the market. Oil still has a strong presence, but Coal has been decreasing and being taken over by Gas, because of its ability to transport much faster and cheaper and Gas plants are more efficient, have a lower cost of investment and maintenance.
More recently there has been an increase in production from Nuclear, Wind, Biofuels, Hydro-Electric and Solar. These shifts are largely driven by prices and technological advances, rather than by political decision.
For instance, the GW Bush administration, which was friendly with fossil fuels, considered with a decline in the share of energy supplied by oil due to its spike in price. But after new drilling methods were discovered, a decline in prices were taken advantage over the Obama and Trump administration.
From what has been learned historically, the market and technology are more important in determining the shape and evolution of the energy system than political decisions. Non the less, they still have their impact through taxes and regulations, that end un impacting the producers.
The energy system is characterized by continuity and evolution, rather than a revolution. So maybe the best thing to do know in this administration is should sit down with the energy and mine industries and have a talk. Go over their objectives and priorities, where are they standing off and how are they going to reach them (in realistic terms). Because being prepared for changes in the market will be key to the economy and their people.
Los diversos comandos del modulo de Geoestadística nos ayuda a laborar reportes y graficas personalizadas. Para ello solo necesitamos tener cargados los compositos que deseamos analizar y configurar que información queremos que se presente en nuestros reportes.