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While integration of our Condestable Copper Mine acquisition is underway, we’re completing the final construction details at Fenix Gold and advancing toward 20,000 tonnes per day of production.🎯

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Rio2 Limited

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18,347 просмотров • 6 месяцев назад •via X (Twitter)

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Mining progressing well at Fenix South as we begin the ramp up to 20,000 tonnes per day of ore to pad at our Fenix Gold Mine. 🎯
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Mining progressing well at Fenix South as we begin the ramp up to 20,000 tonnes per day of ore to pad at our Fenix Gold Mine. 🎯

Rio2 Limited

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⭐️Exciting news from Rio2! We recently announced the acquisition of Southern Peaks Mining, owners of the Condestable Copper Mine, located 90 km south of Lima, Peru. We look forward to completing the transaction in late January and collaborating with the existing management team to drive the project’s next phase of growth. Stay tuned: lots of updates coming in 2026 as we continue advancing our gold and copper strategy across the region.
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⭐️Exciting news from Rio2! We recently announced the acquisition of Southern Peaks Mining, owners of the Condestable Copper Mine, located 90 km south of Lima, Peru. We look forward to completing the transaction in late January and collaborating with the existing management team to drive the project’s next phase of growth. Stay tuned: lots of updates coming in 2026 as we continue advancing our gold and copper strategy across the region.

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⚙️Cascadia Minerals Ltd: Advancing One of Yukon’s Rarest High-Grade Copper Assets | As Seen on BNN Bloomberg Cascadia Minerals is gaining serious momentum in the Yukon. With its acquisition of Granite Creek Copper and the advanced stage Carmacks Copper-Gold Project, the company now controls one of the few high-grade, road-accessible copper-gold deposits in North America. - Carmacks hosts strong copper-gold grades, existing infrastructure, and a 177 km² land package with multiple untested targets — offering significant room for growth. - With copper supply tightening and high-quality projects in friendly jurisdictions at a premium, Cascadia sees strong potential for a near-term re-rate. - Cascadia recently completed ~4,000 metres of drilling as it works toward doubling the current resource, backed by low exploration costs and rising global copper demand. - Hole CD-25-033 returned 26.33 m of 1.52% Copper and 0.42 g/t Gold, 10 of the 11 2025 holes hit copper mineralization with 8 more holes to be released. Learn more:
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⚙️Cascadia Minerals Ltd: Advancing One of Yukon’s Rarest High-Grade Copper Assets | As Seen on BNN Bloomberg Cascadia Minerals is gaining serious momentum in the Yukon. With its acquisition of Granite Creek Copper and the advanced stage Carmacks Copper-Gold Project, the company now controls one of the few high-grade, road-accessible copper-gold deposits in North America. - Carmacks hosts strong copper-gold grades, existing infrastructure, and a 177 km² land package with multiple untested targets — offering significant room for growth. - With copper supply tightening and high-quality projects in friendly jurisdictions at a premium, Cascadia sees strong potential for a near-term re-rate. - Cascadia recently completed ~4,000 metres of drilling as it works toward doubling the current resource, backed by low exploration costs and rising global copper demand. - Hole CD-25-033 returned 26.33 m of 1.52% Copper and 0.42 g/t Gold, 10 of the 11 2025 holes hit copper mineralization with 8 more holes to be released. Learn more:

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Last year, Sudan produced 70 tonnes of gold, and while 20 tonnes left the country, another 50 tonnes, worth some $4 billion, simply vanished. This is the extraordinary story of how Sudan’s gold is being laundered:
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Robert Friedland on the masive copper shortage to meet future grid, clean energy and AI demand: “We’re consuming 30m tonnes of copper a year. Only 4m tonnes of which is recycled. That means to maintain 3% GDP growth — with no [further] electrification — we have to mine the same amount of copper in the next 18 years as we mined in the last 10,000 years, combined. In the next 18 years, I’ve got to mine the same amount of copper as we mined the last 10,000 years. [This is without any new] electrification, without data centers, without solar and wind and the greening of the world economy. You people have no idea whatsoever what we’re facing.”
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You just can't own enough Copper. Billionaire Robert Friedland sums it up perfectly..... You people have no idea whatsoever what we’re facing. “We’re consuming 30m tonnes of copper a year. Only 4m tonnes of which is recycled. That means to maintain 3% GDP growth, with no electrification, we have to mine the same amount of copper in the next 18 years as we mined in the last 10,000 years, combined. In the next 18 years, I’ve got to mine the same amount of copper as we mined the last 10,000 years. This is without any new electrification, without data centers, without solar and wind and the greening of the world economy. You people have no idea whatsoever what we’re facing.”
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The king of Copper Robert Friedland: "We've mined 700 million tonnes since 4000 BC and at the current rate we need to mine 700 million tonnes in the next 18 years alone.... The demand for Copper is insane and the miners are going to hold up the whole world trying to find it."
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The king of Copper Robert Friedland: "We've mined 700 million tonnes since 4000 BC and at the current rate we need to mine 700 million tonnes in the next 18 years alone.... The demand for Copper is insane and the miners are going to hold up the whole world trying to find it."

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LC-16 continues advancing toward operational readiness as teams bring critical launch infrastructure and ground systems online. ✓ 60,000-gallon tanks installed at the water farm ✓ Tanks activated at the liquid oxygen (LOX) farm ✓ Crane installation underway at the horizontal integration facility (HIF) ✓ Lower portions of both lightning protection systems (LPS) completed ✓ Launch table construction continues, with concrete work progressing on the breezeway and approach road
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Is China taking control of the gold market? Alasdair Macleod says roughly 28,000 tonnes have flowed through the Shanghai Gold Exchange, alongside 350–450 tonnes of annual domestic production. He argues much of this gold does not return to global markets. Gold flows East — and stays there. Watch the full video here: #Gold #GoldMarket #PreciousMetals #ChinaEconomy #GlobalMarkets

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The Grasberg Mine is one of the largest gold and third-largest copper mines globally. Located in the remote Sudirman Mountains of Central Papua, Indonesia, it sits at an extreme elevation of 14,000 feet. 🧐
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On December 15, 2023, LME copper settled at $8,471 per tonne ($3.85 per pound). Today, May 25, 2026, the LME price is $13,660 per tonne, with U.S. copper trading (at a premium) at around $6.46 per pound. That’s a rise of over 60% in just two and a half years. The $15,000 per tonne threshold, needed to incentivise meaningful new supply, which I highlighted back in 2023, is now less than 10% away. Yet global copper supply is weaker today and costs are higher. Meanwhile, the demand for copper from the world’s two largest economies is unprecedented. In the US, potential Section 232 tariffs have put imported copper in the crosshairs, while in Asia we’re entering peak Chinese demand season. There are no semiconductors, no data centers, no electrification without copper… which is why the price of the world’s essential electrical conductor now trades in tandem with Nvidia and the AI boom. Add to the mix EVs, robotics, and defense demand, and copper’s future price direction is clear. In another two and a half years, $20,000 per tonne or $9+ per pound is realistic. Watch the LME warehouses closely and see where the metal actually moves… the world is finally waking up to the true value of copper.

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HUGE 🚨 UNION MINISTER HARDEEP PURI SAYS - "There is no supply issue. We have 69 days of crude oil, LNG stock and 45 days of LPG stock" "Our Govt has ramped up LPG production from 35,000-36,000 tonnes per day to nearly 54,000 tonnes a day" "I urge industry leaders to shift from LPG to LNG"

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To build the renewables needed to achieve Net Zero by 2050, at current production rates, it would take nearly 10,000 years to mine enough lithium, more than 7,000 years for enough vanadium, over 1,700 years for cobalt, 400 years for nickel and almost 200 years for the copper. Even if hundreds of thousands of new mines opened tomorrow, we'd still run out of reserves long before reaching the goal. Global copper reserves are estimated at 800 million tonnes but what's required for Net Zero is a whopping 4,500 billion tonnes. Likewise with nickel, reserves are 95 million tonnes but we'll need 940 million. And for lithium, reserves stand at just 22 million tonnes but 944 million is needed. The math doesn't lie. Net zero isn't a plan. It's a fantasy.

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Ukraine’s Fire Point has begun construction of its first production facility outside Ukraine, in Denmark, marking its first site tied to missile production on NATO soil. CEO and CTO terekh said the facility will produce FP-7 and FP-7.X missiles as well as boosters for the Flamingo. Construction of the main production facility is underway, with production planned to begin by the end of 2027. #Ukraine

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