C Cyprium Metals Limited

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$CYM Nifty Copper Mine restart gets the go-ahead

Cyprium Metals says the Nifty copper mine — about 350km southeast of Port Hedland — is moving from “idle” toward a restart after receiving the green light to resume copper production.

Phase one: jobs first

Cyprium says the initial restart phase is expected to create 70+ ...
Nifty Copper Mine restart gets the go-ahead

Cyprium Metals says the Nifty copper mine — about 350km southeast of Port Hedland — is moving from “idle” toward a restart after receiving the green light to resume copper production.

Phase one: jobs first

Cyprium says the initial restart phase is expected to create 70+ permanent jobs and around 80 construction roles, as the site ramps back up.

Glencore steps in as backer and buyer

The restart is supported by Glencore, with Cyprium stating it has a $40 million facility in place and an offtake deal — meaning Glencore is lined up to buy the copper product under agreed terms.

What happens next

With approvals in place and funding/offtake support locked in, the focus now turns to execution: getting the site ready, restarting production, and proving the operation can run smoothly before any larger-scale expansion plans.

Credits: Map imagery  Google. Photo credit: Cyprium Metals.
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