The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
42%
Almost half of the US’s nickel comes from Canada, prompting the USGS to add the metal to its critical minerals list.
$141m
Wheaton has made an offer to purchase the silver production from Artemis Gold’s blackwater gold project in Canada.
20
Consolidated Uranium has agreed to buy the Milo uranium and rare earths project in Australia, and its exploration permit comprising 20 sub-blocks.
32.8%
Northam Platinum has agreed to acquire a 32.8% stake in platinum group metals producer Royal Bafokeng Platinum for $1.13bn.
33 out of 100
Bintan Mining Solomon Islands has not paid taxes on one-third of its bauxite ore exports since 2015, according to The Guardian.
Project updates
Rockland Resources has agreed to take a 100% interest in the Elektra claystone lithium project in northern Sonora, Mexico. Rockland can earn a 100% interest in the project by issuing ten million Rockland common shares and paying $1.5m over 48 months.
Global Atomic is set to break ground on the Dasa Uranium Project in the Republic of Niger in January 2022, having concluded the Phase I project feasibility study. The study has found the project to be ‘economically compelling’, even at a cost of $35 per pound U3O8.
Golding Contractors has secured a contract extension for the Kogan Creek mine in Australia beyond 30 June 2022, and will provide all major plants and equipment that require $11m in new capital spending in the first year.
Battery Minerals has received a mining licence from the Mozambican Government for its Balama Central graphite project, which will allow the firm to produce 50,000 tonnes per annum of graphite concentrate.
FURTHER READING
Greenland passes bill to ban uranium exploration and mining
Greenland has reportedly passed a law restricting mining and exploration of uranium and suspended the development of the Kuannersuit mine.
The law has been passed by the Inuit Ataqatigiit party, which secured victory in April 2021 elections following a campaign against the development of the project.
The new legislation bans the exploration of deposits containing uranium concentration more than 100 parts per minute. This is seen as ‘very low-grade’ by the World Nuclear Association, reported the Australian Associated Press.
Source: Mining Technology
