08 August 2025
08 August 2025
This marks a first for an Australian corporation in the Chinese lending market.
The Samarco JV, operated by BHP and Vale, was responsible for the Mariana dam, leading to significant legal repercussions.
This contract is set to commence in the first year of commercial production from NexGen's Rook I Project in Canada.
This project is estimated to hold half of the declared Amrun ore reserves, around 978mt.
Located near the capital city of La Paz, the project covers an area of approximately 256ha.
The transaction includes a cash payment of $90m (C$123.57m) and equity consideration valued at $25m in Minera Alamos shares.
The move aims to strengthen the company's balance sheet and provide a liquidity buffer during a period of lower prices.
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