The government of Australia s Northern Territory (NT) state has approved a proposed A$200 million ($155 million) Outback copper mine.KGL Resources has been given the green light for its Jervois Copper Project, which chairman Denis Wood said .
2021-01-08 03:35:27 GMT2021-01-08 11:35:27(Beijing Time) Xinhua English
CANBERRA, Jan. 8 (Xinhua) The government of Australia s Northern Territory (NT) has approved a proposed 200 million Australian dollar (155.3 million U.S. dollar) Outback copper mine.
KGL Resources has been given the green light for its Jervois Copper Project, which chairman Denis Wood said would become a major supplier in the global copper market as demand increases. An electric car uses four times as much copper as a conventional car, he said. There are very few mines ready to go and the world is facing a copper shortage in the future.
He said that the mine life of Jervois was estimated to be close to eight years. But I believe there is a lot more copper on this site to extend the mine life beyond that, he said.