- Write by:
-
Monday, June 7, 2021 - 14:57:21
-
616 Visit
-
Print
Mining News Pro - BHP has contributed to a $US50 million ($64 million) investment in Jetti Resources, which has developed a new copper extraction technology
The technology allows copper to be extracted from low-grade primary sulphide including chalcopyrite.
Existing Jetti Resources investor Mitsubishi also contributed to the investment along with US-based miner Freeport-McMoRan.
BHP chief technical officer Laura Tyler said the technology will allow the company to meet growing copper demand.
“Jetti’s technology has the potential to unlock new copper production safely, productively and responsibly,” Tyler said.
“To support renewable technologies and decarbonisation goals in limiting global warming to 1.5 degrees we expect global copper demand could double over the next 30 years, compared to the past 30 years.
“Through our BHP Ventures team, we are delighted to invest in and partner with Jetti, and help create opportunities for its innovative technology to progress a greener future.”
Jetti Resources chief executive officer and co-founder Mike Outwin welcomed BHP and Freeport as new supporters for the company.
“Jetti’s financing round has been backed by two of the world’s largest copper mining companies, a leading global copper trader and mine owner, and a premier institutional investment fund and mining private equity group,” he said.
Outwin said the funding will push the company’s technology into more large scale copper mining operations.
“The funds raised will enable Jetti to further deploy its technology across large-scale copper mining operations,” he said.
“We look forward to working with all investors to accelerate the adoption of Jetti’s technology and deliver much needed ‘green copper’ to meet the world’s needs for a low-carbon electrified future.”
Jetti was founded in 2014 and is headquartered in the United States.
It has raised $US100 million for the development of its technology, which can increase copper yields while remaining cost effective and environmentally friendly.
Commodity analyst CRU has found that Jetti’s technology can address 234 million tonnes of contained copper by 2050, which Jetti estimates is worth $US2.4 trillion.
Short Link:
https://www.miningnews.ir/En/News/614606
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and ...
Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised ...
Adani Enterprises Ltd., which posted a 38% fall in quarterly profit, said India’s markets regulator has queried it about ...
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP ...
BHP Group (ASX: BHP) has deployed a senior team including its chief executive officer to South Africa as the world’s ...
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
No comments have been posted yet ...