The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
4,000ha
Nouveau Monde Graphite and Mason Graphite will develop the 4,000ha Lac Guéret property in Canada.
$1.9bn
A US court has blocked the development of Hudbay Minerals’ $1.9bn Rosemont open pit copper mine.
100,000oz
Hochschild Mining will invest $200m into the Mara Rosa mine, which boasts a capacity of 100,000oz of gold.
450m
Ivanhoe has built the first shaft at its Platreef mine, 450m from the high-grade Flatreef orebody.
3tpa
Rio Tinto Fer et Titane has announced the start of production of scandium oxide at a demonstration plant in Canada, with a capacity of 3tpa.
Project updates
Canada-based Equinox Gold has temporarily suspended operations at the RDM mine in Brazil due to delays in regulatory approvals for the tailings storage facility raise. The firm said that the operations will be suspended until this matter is addressed.
Critical Elements Lithium has secured approval from the Québec Minister of Energy and Natural Resources for a rehabilitation and restoration plan relating to the Rose lithium-tantalum mining project in Canada.
A Canadian review board has recommended turning down Baffinland Iron Mine’s request to expand the Mary River iron ore mine on Baffin Island, Nunavut, citing environmental concerns. The Nunavut Impact Review Board’s reconsideration report and recommendations have been made to the Government of Nunavut regarding the Baffinland phase two development project.
Rio Tinto has commenced the production of tellurium, a critical mineral used in advanced thin-film photovoltaic solar panels, at its Kennecott copper mining operation in Utah, US.
FURTHER READING
Kopore Metals acquires Agadez uranium project in Niger
Kopore Metals has acquired a 100% stake in the Agadez uranium project in the highly prospective Tim Mersoi Basin, Niger, from Endeavour Finance.
The Agadez Project includes three granted exploration permits and one exploration licence application in the Tim Mersoi Basin, which is claimed to be one of the world’s major uranium-producing areas.
According to the binding share sale agreement, Kopore Metals has issued 120 million of its shares, 80 million performance shares and 50 million performance options to Endeavour Financial.
Source: Mining Technology
