Project Updates
Kolosori Project
Credit: Jeffrey Aluta Jionisi via Shutterstock
Mine Type: Open-pit nickel mine
Location: Isabel Island, Solomon Islands
Investment: $21.3m
Lifespan: Six years
The Kolosori nickel project lies in the mining license ML 02/22, which is owned by Pacific Nickel Mines Kolosori (PNMK, 80%) and traditional landowners (20%). PNMK is a subsidiary of the Australian mining company Pacific Nickel Mines.
Tujuh Bukit Project
Credit: Kaisarmuda via Shutterstock
Mine Type: Open-pit copper mine
Location: East Java Province, Indonesia
Investment: $757m
Lifespan: 30 years
The Tujuh Bukit copper project is considered to be one of the world’s largest undeveloped copper and gold projects. Merdeka Copper Gold, an Indonesia-based metal and mining company, is developing the project through its wholly owned subsidiary Bumi Suksesindo.
Bayan Khundii Project
Credit: Fixazh via Shutterstock
Mine Type: Open-pit gold mine
Location: Khundii gold district, SW Mongolia
Investment: $109m
Lifespan: Eight years
The Bayan Khundii gold project is being developed by Erdene Resource Development, a resource exploration company based in Canada. It is one of the highest-grade open-pit gold mines in the world.
