03 July 2025
03 July 2025
The new law will reduce permitting times by between 30% and 70%.
The award includes $40.4m in compensation with interest, and $4.2m for costs and expenses related to the arbitration.
This follows export restrictions imposed by Niger's military government, which seized control of the mine in December 2024.
The equipment will be used at the Oyu Tolgoi copper-gold mine in the South Gobi Desert, Mongolia.
Kavango's technical and commercial appraisal of the Nara project is set to be released in the next month.
The order is booked in the second quarter orders of Metso’s minerals segment.
The key terms of the LoI include an initial term of three years from the commencement of production.
The approval ensures future production and commercialisation once the current SQM Salar contract ends in 2030.
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