Pakistan’s Supreme Court has authorised a settlement for Barrick Gold’s plan to resume mining at the long-stalled Reko Diq gold and copper mining project in the country, reported Reuters. 

The country’s Supreme Court (SC) declared the out-of-court settlement signed in March 2022 between the Pakistani Government and international firms Barrick Gold and Antofagasta to end a prolonged dispute with Pakistan and restart the Reko Diq mine development.

Azimut Exploration and Poland’s KGHM Polska Miedź subsidiary KGHM International have signed a joint venture agreement for the Kukamas Property in the Eeyou Istchee James Bay region in Quebec, Canada. 

Under the agreement, KGHM will have the option to acquire an initial 50% stake in the Kukamas property from Azimut over a four-year period, by incurring exploration expenditures of $5m.

Ivanhoe Electric subsidiary Cordoba Minerals and JCHX Mining Management have signed an arrangement to jointly develop Cordoba’s Alacran copper-gold-silver project in Colombia. 

Under the arrangement, JCHX will acquire a 50% stake through a wholly owned subsidiary in CMH Colombia S.A.S. for $100m.

Ring of Fire Metals, formerly Noront Resources, has reached a memorandum of understanding with the Webequie First Nation to partner on the proposed development in the Ring of Fire in northern Ontario. 

Earlier this year, Wyloo Metals purchased Noront Resources and its mining assets in emerging metals camp called the Ring of Fire in Ontario.