GLOBAL COPPER CONSUMPTION AND DEMAND
Copper is an essential resource in today’s world. It is also a key component in technology and modern infrastructure that is in growing demand. Due to its high conductivity and efficiency, copper is vital to electric vehicles (“EV”), power cabling, solar energy, among other sectors. The EV market alone is expected to continuously grow in demand over the next 10 to 15 years. Consequently, the need for copper continues to grow exponentially as evidenced by a worldwide shift toward renewable energy and unprecedented industrial demand.
Meeting Copper Demand as Supply Dwindles
In recent years, new copper discoveries have slowed. Simultaneously, large operating mines in the Americas have had to navigate slowing production caused by their dwindling resources. Low supply, alongside increased demand, has resulted in the copper price surging to all-time highs. It is imperative that resources can be identified and developed quickly to address the global demand.
COMPANY’S PROJECTS
KOMBAT MINE
The Kombat Mine is one of the most significant copper mines in Namibia.Mining operations originally commenced in 1962, producing until 2008, and with total output reaching 12.46 million tonnes of ore grading 2.6 percent copper on average.
KALAHARI COPPER PROJECT
With the acquisition of the Kalahari Copper project, Trigon intensifies its presence in one of the globe’s most promising copper regions. This move solidifies the company’s position for sustained expansion and the creation of long-term value for its investors.
TOP AFRICAN JURISDICTION
Africa boasts vast resources of copper. In fact, Africa is believed to have some of the world’s largest yet undiscovered mineral reserves. (UNEP.org). However, many projects are located in jurisdictions where political challenges and corruption are an impediment to efficiency. While options for copper supply abound in places like the Democratic Republic of Congo, political corruption has caused uncertainty about project ownership and continues to stunt further development of that country’s potential. Similarly, in Zambia, threats of implementing super taxes have slowed development over the past decade.
Uncertainty and delays are bad for business. The corollary is that high-quality projects in countries that are friendly to mining and ready for business are likely to command a premium. That is why Trigon Metals is committed to working in jurisdictions with stable governments, mining-friendly legislation and skilled labour.
NAMIBIA
Namibia is a country in southern Africa bordering the Atlantic Ocean to the west, Zambia and Angola to the north, Botswana to the east and South Africa to the south. The country plays a key role in the mining sector. Benefiting from a stable economy, fair laws and mining-supportive history, the country attracts significant international investment to the African continent.
Mining is the keystone of Namibia’s economy, generating approximately 25 percent of the country’s revenue with its large available workforce of mining professionals, and great road, rail and power infrastructure.
