News in Numbers
$12.26bn
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.
$2,386/oz
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.
C$41m
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.
328mt
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.
12%
Zambia’s copper production rose by 12% in 2024 to approximately 820,670 tonnes (t), up from 732,580t in the previous year.
