News in Numbers

Vale announced a 70bn reais ($12.26bn) investment plan aimed at maintaining iron ore production volumes and expanding copper output in its main Carajas complex in northern Brazil.

The gold price reached 40 new record highs during 2024, with the annual average price up 23% year- on-year, at $2,386 per ounce, according to the World Gold Council.

Foran Mining Corporation secured C$41m in funding from the Canadian Government’s Strategic Innovation Fund to support the integration of clean technologies at the McIlvenna Bay copper-zinc mine in Saskatchewan, Canada.

Brazilian mining company Vale has reported its highest annual iron ore production since 2018, producing nearly 328 million tonnes (mt) in 2024, a 2% increase from the previous year.

Zambia’s copper production rose by 12% in 2024 to approximately 820,670 tonnes (t), up from 732,580t in the previous year.