The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
Askari Metals to acquire stake in lithium project in Namibia, which will increase Askari Metals’ footprint of the Uis Lithium Project to an area of 308.12km².
Vale is in advanced discussions with undisclosed potential partners for its new base metals investment vehicle, which could receive up to $20bn in investment.
Following a sale, Equinox Gold’s interest in Canadian firm Solaris Gold has been reduced to less than 10%.
Jindal Shadeed’s planned Oman steel plant is expected to produce five million metric tonnes of green steel per annum.
Roscan Gold and Osisko Gold Royalties’ Kandiolé project in Mali boasts seven operating mines located within an 80km radius.
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.
UK approves controversial coal mine
The UK Government has approved what it claims to be the country’s first new deep coal mine in three decades.
The decision to approve the new underground metallurgical coal mine and associated development has been given by the UK secretary of state for levelling Up, housing and communities Michael Gove.
Planned to be developed by West Cumbria Mining in north-west England, the Woodhouse Colliery project will involve the extraction of coking coal for the steel industry.
Source: Mining Technology