16 July 2025
16 July 2025
The magnets will be sourced from MP Materials' Fort Worth, Texas facility, known as Independence.
The Mazowe and Redwing mines ceased production in 2018 and 2019 respectively.
The move is part of the company's initiative to appraise projects with copper prospectivity and suitable for modern exploration techniques.
The project aims to produce direct reduction iron ore products using local ultra-high grade iron ores and green hydrogen.
The permit covers 6.77 hectares with an initial extraction capacity of 3,000 tonnes per year.
The dispute centres on the right to use land for the KSM project's Mitchell Treaty Tunnels, which pass through Tudor's claims.
In June, BHP Copper SA announced it was to transition a large portion of its pit-to-port operations to rail via a partnership with rail freight operator Aurizon.
Net proceeds will be allocated to initiatives such as the acquisition of Mineração Serra Grande.
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