07 July 2025
07 July 2025
This move comes with the incentive of state-owned Indian companies potentially investing in the mining operations of foreign companies.
The deal includes the assumption of Cerro Matoso's economic and operational control by the buyer, along with all current and future liabilities.
The new 18-month agreement is valued at A$705,000 ($463,346).
The proposed plan is designed to maintain price stability and mitigate the impact of price drops on government revenue.
The initiative, led by a government-backed project, aims to reduce reliance on imports and strengthen national security.
The exploration licence for Tereg Uul, currently held by Tereg Uul Mines, was issued on 5 April 2023.
Comfort Asokoro-Ogaji is on a mission to turn mining into a force for empowerment. Through WIM-Africa and bold partnerships, she is advocating for inclusion, justice and opportunity across the continent.
The agreement ensures environmental respect and benefits for the First Nation.
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