Ivanhoe Electric intends to acquire a purpose-built, Crossover XRE Tunnel Boring Machine and material handling system from The Robbins Company for decline development at its Santa Cruz copper project in Casa Grande, Ariz. Robbins recently acquired the TBM from a division of Anglo American, which originally purchased the machine for use at its Grosvenor coal mine in Queensland, Australia, where…
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Ivanhoe Electric, Railveyor together take on new Santa Cruz project
Railveyor Technologies Global has been selected as the preferred haulage solution provider for Ivanhoe Electric’s new Santa Cruz copper project in Arizona. According to CEO Tas Mohamed, this milestone marks a significant step forward in Railveyor’s mission to deliver sustainable, efficient and fully electrified material haulage solutions to the global mining industry. Ivanhoe Electric included Railveyor in its highly engineered…
Read MoreIvanhoe Electric receives financing for Santa Cruz project
Ivanhoe Electric received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) outlining the potential to provide up to $825 million in debt financing for the development of the Santa Cruz copper project in Arizona. The project aligns with the EXIM Bank’s Make More in America initiative, which is intended to increase the United States’…
Read MoreIvanhoe Electric on track for Arizona copper project
An initial assessment of the Santa Cruz copper project, located west of Casa Grande, Ariz., shows that Ivanhoe Electric is “on the right track” to developing a modern mine that responsibly produces “green” copper. “The study provides a first look at our plans for a technologically advanced, underground copper mine in Arizona with attractive economics at today’s copper prices,” said…
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