After a growth phase, few new mines are now being built
Over the past four years, fourteen greenfield copper projects larger than 50ktpa were commissioned. In contrast, there are just two large greenfield projects currently under construction, and long lead times mean that major greenfield projects approved now will not start production before 2020. By starting early works at Pedra Branca in parallel with the PFS, Avanco has positioned its portfolio to take advantage of this opportunity.
Large greenfield copper projects recently completed and those approved and in construction
Source: Broadhurst Mining Research analysis, based on companies and other industry sources.