ACG Metals has released an updated technical report for its Gediktepe mine, raising its post-tax valuation to about $1.2 billion from $265 million in 2024. The report projects a 60% increase in copper-equivalent production to around 36,000 tonnes annually from 2027 to 2031, supported by a 43% rise in ore reserves to 26.5 million tonnes. The mine expansion includes a new enriched ore treatment project starting in Q3 2027 and continued heap-leach gold production beyond 2026. This upgrade reflects Gediktepe's shift to a larger, copper-focused operation with enhanced processing and flexibility, with full commercial production expected by end of 2026.
ACG Metals' Gediktepe mine upgrade is the focus, with Pluang's Basic Materials sector data providing market context. As of Oct 20, 2026, 14:01 WIB, 31 of 83 priced US Basic Materials stocks rose while 50 fell. Notable movers include Aspen Aerogels Inc (ASPN) at USD 5.32 with a 2.50% increase and a typical hold time of 14 days, Gerdau S.A. (GGB) at USD 5.13 with a 2.29% rise but 100% sell order activity and a 4-day hold, and AngloGold Ashanti Limited (AU) at USD 90.83 down 2.14% with 76% sell order activity and a 49-day hold time.
VINCI's subsidiary Cobra IS secured a €165 million contract to construct a cooling plant for a major data center campus in the Iberian Peninsula. The project involves installing mechanical, electrical, and plumbing systems for 126 dry coolers, which ...
VINCI's subsidiary Cobra IS secured a €165 million contract to build the cooling system for a massive data center campus in the Iberian Peninsula. The project includes installing mechanical, electrical, and plumbing equipment for 126 air cooling unit...
Basilea Pharmaceutica announced new clinical and activity data for its antifungal drugs fosmanogepix and isavuconazole, as well as the antibiotic ceftobiprole, to be presented at IDWeek 2026 in Washington D.C. Highlights include pediatric data from f...
Gainsight introduced its AI-native services business, Atlas, which manages over $75 million in annual recurring revenue (ARR) by handling long-tail customer renewals with AI agents and human managers. The company also announced a shift to value-based...
Owl Labs has introduced the Meeting Owl 5, a 4K UHD 360° teleconferencing camera designed for seamless hybrid meetings. It features a 20MP sensor, 360° fisheye lens, AI-powered audio with eight microphones, and an 18-foot voice pickup range. The devi...
