Once fully ramped up, Reko Diq and Lumwana are expected to become two of the world’s top 20 copper mines by annual production.
Barrick Gold is projecting a 30% increase in production by 2030 on the back of the growth options embedded in its asset portfolio, its president and chief executive Mark Bristow said on Tuesday.
Earlier this year, RBC Dominion Securities analyst Sam Crittenden detailed a looming shortfall in copper supply driven by the energy transition, which will require an additional 1% of supply, the equivalent of one large copper mine, coming online every year.
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