Reuters · October 15, 2026

Sibanye-Stillwater Approved a Restart of the Mt Lyell Copper Mine in September After 12 Years Idle; Benchmark Mineral Intelligence Is Tracking Almost One Million Tons of Potential Annual Production From Restarts by 2030

• Sibanye-Stillwater approved a restart of the Mt Lyell mine in Tasmania in September, after 12 years idle, according to the report; the company expects to spend around $340 million to restart it, with plans to reach 26,000 tons of annual production after it comes back online in 2029, according to the report.
• Consultancy Benchmark Mineral Intelligence is tracking almost one million tons of potential annual copper production from mine restarts by 2030, equivalent to over 4% of current output, according to the report.
• The benchmark London Metal Exchange copper contract hit $14,875 a ton on September 10, according to the report.

Company and consultancy figures as reported. Original headline: "LMEWEEK Copper squeeze breathes new life into old mines".