Diamond Power Invests ₹1.69 Billion to Expand Cable Capacity and Upgrade Copper Rod & Conductor Operations

Vedanta Copper targets 1 million tonnes/year of copper production across India and Saudi Arabia by the end of the decade, with a proposed Tuticorin smelter restart central to its domestic expansion plans.

EraNova Metals filed an NI 43-101 PEA technical report for its 100%-owned Adanac molybdenum project in Canada. The report confirms the August 6 results without material differences. The proposed 30,000-tpd operation has a 24-year mine life and targets average annual molybdenum output of 11.4 million lb (about 5,171 tonnes), with 270.1 million lb (about 122,515 tonnes) of payable molybdenum over the mine life. Initial capital is estimated at C$953.3 million. EraNova plans to initiate a feasibility study and advance environmental assessment and permitting. The PEA remains preliminary, with no final investment decision or production schedule.

Greenland Resources completed its expanded summer field program at the Malmbjerg molybdenum project. Work covered infrastructure surveys, glacier investigations, RopeCon optimisation and geotechnical inspections. The team also collected 8 tonnes of drill core and 14 tonnes of saline and fresh water for government-supported metallurgical pilot testing. Results will support detailed engineering, key-equipment procurement and construction contracts. On a 100% basis, the feasibility study targets average output of 32.8 million lb (about 14,878 tonnes) of contained molybdenum annually during the first ten years. This remains planned capacity; no final investment or construction decision was announced.