Big Moves: Torex’s Copper Milestone, Sandvik’s Training Plans

The first copper concentrate from Torex’s Media Luna Project has been produced, marking the next phase in the company’s journey. In addition, Sandvik expects the center to host 150 training sessions supported by cutting-edge technology.

Ready for more? Here is your weekly roundup!

Torex Gold Completes Tie-In Phase, Begins Concentrate Production

Torex Gold Resources has successfully completed the four-week tie-in phase for the Media Luna Project, marking a significant milestone with the first production of precious metal-rich copper concentrate. The company remains on schedule to commence commercial production in the coming weeks.

Sandvik Opens Training Center in Zacatecas

Sweden-based heavy equipment manufacturer Sandvik opened a Technical Training Center in Zacatecas to enhance equipment maintenance and reconstruction training. The company anticipates hosting over 150 training sessions in 2025, benefiting technicians from Zacatecas, Guerrero, Mexico City, and other key mining destinations.

EU's 47 New Projects to Secure Minerals for Energy Transition

The European Union (EU) has announced its inaugural list of 47 strategic projects aimed at enhancing the extraction, processing, and recycling of 14 critical raw materials that are vital for its energy transition and security. Of the 47 initiatives, 25 are dedicated to extraction, 24 to processing, and 10 to recycling, with some projects covering multiple stages of the value chain. Notably, lithium plays a central role in 22 of the selected projects, followed by nickel (12), graphite (11), cobalt (10), and manganese (7), all of which are crucial to bolstering the EU's battery supply chain.

Gold Dominates Mining M&A Again in 2024: S&P Global

Gold remained the primary driver of mergers and acquisitions (M&A) in the precious and base metals mining sector in 2024, representing 70% of total deals and transaction value, according to S&P Global. S&P data shows that M&A activity in gold mining significantly outpaced base metals, with 43 transactions compared to 19. The total deal value for gold reached US$19.31 billion, nearly three times the US$7.23 billion recorded for base metals.