News in numbers

$823.6m

B2Gold has agreed to acquire all of the issued and outstanding shares of Sabina Gold & Silver for $823.66m.

4.96

Tulla Resources’ shareholders will receive 4.96 Pantoro shares per Tulla share owned, following a merger of the two companies.

$8m

Anglo American has reached an agreement to purchase a 9.9% stake in Canada Nickel Company for $8m.

6%

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.

$100m

Aya Gold & Silver has closed a $100m project financing facility to fund the construction of the Zgounder Silver Mine expansion project in Morocco.

Project updates

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.

Read more

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.

Read more

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.

Read more

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.

Read more

FURTHER READING

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

Go to article: Home | The road to reskillingGo to article: In this issueGo to article: ContentsGo to article: MMD Company InsightGo to article: MMD VideoGo to article: MMDGo to article: BriefingGo to article: Industry newsGo to article: The mining industry briefingGo to article: Ukraine executive briefing by GlobalData Go to article: Nasaco International Company Insight Go to article: Nasaco International Go to article: In DepthGo to article: Leave no truck behindGo to article: Almost perfect: how graphite purity of 99.97% could change Greenland miningGo to article: “The potential to provide more”: British Columbia’s mining skills roadmapGo to article: Confusion and conclusions: one year on from the Russian invasion in miningGo to article: Voices in the deep: the value of underground communication collaborationGo to article: Seal SaverGo to article: Conductix-Wampfler GroupGo to article: In DataGo to article: Top 10 M&A financial advisers in metals and mining sector for 2022 revealedGo to article: Hiring activity related to artificial intelligence in mining decreased by 3% in Q4 2022Go to article: Mentions of internet of things decreased by 42% in the mining industry in Q4 2022Go to article: EventsGo to article: Next issue