Barrick to restart gold mining in Papua New Guinea
Operations have undergone a three-year hiatus following the government’s refusal to extend Barrick’s special mining lease.
17 October 2023
17 October 2023
Operations have undergone a three-year hiatus following the government’s refusal to extend Barrick’s special mining lease.
Planned to be commissioned in 2025, the proposed plant will have the capacity to produce 120,000 metric tonnes of LFP.
The Wray Mesa project comprises 308 unpatented lode claims, covering a total area of 6,282 acres.
As part of the private placement, Power Nickel plans to issue four million flow-through units and three million non-flow-through units.
Orosur can earn rights to acquire up to 70% of the four exploration licences by providing exploration funding at the pegmatite belt.
KOMIR will support Maximus’ Lefroy lithium project in Western Australia through exploration funding and earn a 30% stake.
Rajawali expects a potential deal to value PT Archi Indonesia at $1bn.
Albemarle’s decision to drop its takeover bid for Liontown was due to increasing complexities tied to the deal.
The Excellence Awards celebrate the greatest achievements and innovations in the industry while providing a platform to recognize the people and companies driving change – get entry details now.
Within the rare earth metals market, cerium is projected to account for the largest volumetric share followed by lanthanum, neodymium, and others in 2023. The demand dynamics for neodymium is estimated to remain strong as the sale of electric vehicles continue to flourish across the globe. The product is deployed in the manufacturing of magnets including low and high performance and is an integral part of the modern-day technology assembly from automotive vehicles to fighter jets.
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