Copper Supply Gap Drives McEwen's $2.5B Fundraising For Los Azules
Copper Supply Gap Drives McEwen's $2.5B Fundraising For Los Azules
However, as the global copper supply deficit could reach as high as 4 million metric tons by 2035, these prices could be much higher. Meanwhile, copper extraction costs are worth noting, which, for an industry leader, McEwen Copper, a subsidiary of McEwen Mining (NYSE:MUX), seeks $2.5 billion to advance the Los Azules copper project in Argentina. The prospective project wants to become a world-class copper mine with an anticipated annual production of 175,000 metric tons.
McEwen Copper，McEwen Mining（NYSE:MUX）的子公司，寻求25亿美元来推进阿根廷的Los Azules铜项目。 该前景项目希望成为一个年产量预计达到17.5万公吨的世界一流铜矿。
"We have invested more than $400 million to date, and now we are looking for $2.5 billion for capex," Vice President Michael Meding told Reuters. The project in San Juan province is waiting for a key environmental permit by the end of 2024, with construction slated to begin by late 2025.
"到目前为止，我们已经投资了40000万美元以上，现在我们正在寻找25亿美元用于资本支出，"副总裁迈克尔·梅丁告诉路透社。 圣胡安省的这个项目正在等待截至2024年底的关键环保许可，并计划于2025年底开始施工。
Los Azules ranks among the top 10 largest undeveloped copper deposits globally, with 10.9 billion pounds of indicated resources and an additional 26.7 billion inferred. Current copper prices ($4.09 per pound) put the worth of indicated resources at over $44.5 billion.
Los Azules在全球范围内位列前十的最大未开发铜矿床之一，拥有109亿磅的指明资源和额外的267亿推测资源。 当前的铜价（每磅4.09美元）使得指明资源价值超过445亿美元。
However, as the global copper supply deficit could reach as high as 4 million metric tons by 2035, these prices could be much higher. Meanwhile, copper extraction costs are worth noting, which, for an industry leader, Freeport McMoRan, equaled $1.61 per pound in 2023.
然而，由于全球铜供应赤字到2035年可能达到400万公吨，这些价格可能会更高。 与此同时，铜开采成本值得注意，对于行业领导者Freeport McMoRan来说，这个成本在2023年为每磅1.61美元。
Also Read: Biden Advances Greenland Mineral Partnerships As Trump Policies Could Reshape US Mining
另请参阅：拜登推进格陵兰矿产合作，特朗普政策可能重塑美国采矿业。
Chairman Rob McEwen has taken steps to solidify local and international support for the project. In a recent interview for Benzinga, he mentioned visiting Argentina and discussing opportunities with President Javier Milei.
主席罗伯特·麦克尤恩已经采取措施，巩固了该项目在本地和国际上的支持。 在接受彭卓斯的最新采访中，他提到访问阿根廷并与总统哈维尔·米莱讨论机会。
Milei took office a year ago and is trying to revitalize the country's mining sector, as its only operating copper mine closed in 2018. So far, Los Azules has attracted substantial backing, including a $35 million investment from Rio Tinto venture Nuton during the latest funding round in October. Nuton now holds a 17.2% stake in McEwen Copper.
米莱一年前上任，并试图振兴该国的矿业部门，因为其唯一运营的铜矿在2018年关闭。 Los Azules迄今已吸引了大量支持，包括力拓（Rio Tinto）创业公司Nuton在最近一次融资轮中投资的3500万美元。 Nuton现在持有McEwen Copper 17.2％的股份。
McEwen highlighted automaker Stellantis (NYSE:STLA) as another key investor. The copper shortage risk prompted companies to seek security for materials essential for EV production, renewable energy systems, and grid infrastructure. Following green trends, the mine will rely on 100% renewable energy provided by Argentina's YPF Luz.
麦基恩突出了汽车制造商Stellantis（纽约证券交易所：STLA）作为另一个重要投资者。 铜短缺风险促使公司寻求对电动车生产、可再生能源系统和电网基础设施等必要材料进行安全保障。 遵循绿色趋势，该矿山将依赖阿根廷YPF Luz提供的100％可再生能源。
As one of the largest undeveloped deposits, Los Azules could become a cornerstone for addressing the global copper supply gap. With copper demand forecasted to grow over 50% by 2035, there should be plenty of interest in this capital raise.
作为最大的未开发矿藏之一，洛斯阿苏莱斯可能成为解决全球铜供应缺口的基石。随着2035年铜需求预计增长超过50％，对这次资本筹集应该会引起很大兴趣。
- Biden Advances Greenland Mineral Partnerships As Trump Policies Could Reshape US Mining
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Photo: Shutterstock
Photo: shutterstock
