Foreign media reported on June 30: the Yukon region of Canada is famous for its rich gold production in history, but it is also the location of the Minto copper belt, a potential first-class copper area.

There is already a copper producer mingtuo mining company in the region. The company’s underground operations produced 9.1 million pounds of copper in the first quarter of this year. The mining director in charge of exploring the region said that the business of mingtuo mining company is only a small part of the potential of the region. Recently, mingtuo mining demonstrated its business during the Yukon mining Alliance Investment Conference and property visit. Although the mine has existed since 2007, the company is relatively new and listed in November 2021.

Analysts and economists continue to believe that with the world’s transition to green renewable energy and strong long-term demand for base metals, copper in northwestern Canada has become a new focus. All the metals produced by mingtuo mining were sold to Sumitomo Co., Ltd. Over the past 15 years, the mine has produced 500million pounds of copper. David, vice president of exploration of mingtuo company? David Benson said that the company has started a busy drilling program, hoping to fully tap the potential of assets. Half of the mingtuo minerals have not been fully explored, so there is a very high opportunity to find new resources. At present, the mine produces about 3200 tons of ore per day. Benson said it plans to increase production to 4000 tons by next year because other deposits will also be mined.

Mingtuo mining is just a project that may span a copper belt area of 85 kilometers. At the southern end of the ore belt, granite Creek mining company is exploring and developing the Carmack project acquired in 2019. The company has said that the metal reserves included in the project include 651million pounds of copper, 8.5 million pounds of molybdenum, 302000 ounces of gold and 2.8 million ounces of silver.

Tim, President and CEO of junior Explorer? Johnson said that the mingtuo copper mine belt may become the first-class area of the first-class mining jurisdiction, which will require additional investment in the area. Intermediate or large producers will see the amazing potential of the region. Johnson pointed out that most large companies will not take a fancy to a project with a copper content of less than 1billion pounds. However, mingtuo mining company and granite Creek mining company have a combined resource of 1billion pounds, just two projects.

The third major participant in the mingtuo copper belt is the Selkirk indigenous people, who own and manage 4740 square kilometers of traditional land in the region. Both Johnson and Benson pointed out that the land owned by the Selkirk aborigines has not been developed between the two projects, which may represent a huge growth potential.

Not only is the demand for copper expected to double, but Johnson pointed out that environmental and social governance has made the Yukon an attractive place. You can’t find these undeveloped mining areas anywhere in the world, except in the Democratic Republic of Congo, where the ESG standard is not good. Yukon is one of the best mining areas in the world.