The mining industry briefing
The latest news, trends, and data from the mining industry
News in numbers
B2Gold has agreed to acquire all of the issued and outstanding shares of Sabina Gold & Silver for $823.66m.
Tulla Resources’ shareholders will receive 4.96 Pantoro shares per Tulla share owned, following a merger of the two companies.
Anglo American has reached an agreement to purchase a 9.9% stake in Canada Nickel Company for $8m.
Consolidated Zinc plans to sell its Plomosas mine to Impact Silver, and upon completion of the deal, the former will have a 6% stake in the latter.
Aya Gold & Silver has closed a $100m project financing facility to fund the construction of the Zgounder Silver Mine expansion project in Morocco.
PT Vale Indonesia Tbk has started construction on a $2.48bn integrated low-carbon nickel mining and processing project in Central Sulawesi, reported Reuters, citing an Indonesian senior minister.
This ferronickel smelter is being built in Sambalagi Village, Bungku Pesisir District, Morowali Regency. The Bahodopi project will be equipped to produce ferronickel with 73,000tpa to 80,000tpa of nickel content. The smelter is expected to create up to 15,000 jobs during the construction phase.
Fortescue Metals Group (FMG) has signed a mining convention with the Gabonese Republic for its Belinga iron-ore project. Signed by FMG’s incorporated joint venture company Ivindo Iron SA, the convention governs all the fiscal, legal, and regulatory rules for the 4,500km² area, which comprises the Belinga Project.
With plans to undertake the first mining at the project during the second half of this year, Fortescue expects the convention to unlock growth opportunities for the firm throughout Africa. Fortescue said the Belinga project requires a $200m capital investment for the early-stage operation.
South African miner Sibanye-Stillwater has received an environmental permit for the Rapasaari mine and Päiväneva concentrator at the Keliber lithium project in Finland.
This permit has been issued by the Regional State Administrative Agency for Western and Inland Finland. The firm submitted two separate permit applications for the Rapasaari mine and Päiväneva concentrator in 2021. However, the applications were subsequently combined into a single permit by the agency.
European lithium refiner Livista Energy and African miner CAA Mining will collaborate to build a conversion facility in Takoradi, western Ghana, reported Reuters.
The proposed facility will be equipped to convert spodumene, a mineral with lithium content, into an intermediary lithium chemical. The spodumene for the facility will be produced in Ghana, and the lithium product would then be exported for further refining to the company’s European plant.
Illegal miners in Yanomami reservation seek help from Brazilian Government to leave
In Brazil, illegal gold miners, also known as garimperios, are seeking help from the government to leave occupied areas of Yanomami territory, Brazil’s largest Indigenous reservation, one of their leaders and a Brazilian senator said on 6 February.
Jailson Mesquita, head of the Garimpo e Legal movement (Wildcat Mining is Legal), has asked the government to airlift miners out of the Yanomami reservation, or aid them in getting to no-fly zones where they can fly out on smaller planes.
Reuters also pointed to a video on social media in which he asks for the government to unblock rivers for 10-15 days to allow miners to make their own way out of the territory.
Source: Mining Technology