04 August 2025
04 August 2025
The state-owned company has expressed its condolences and is initiating an international investigation into the incident.
The move follows a meeting on 24 July with rare earths companies and tech giants reliant on these minerals.
The arrangement received the green light from Mandalay's shareholders on 28 July 2025.
Underlying EBITDA dropped to $11.55bn (£8.74bn) from $12.09bn, while net cash from operations dipped 1.9% to $6.92bn.
Underground operations, including stope ore production, are anticipated to significantly boost the mine’s overall output.
Work on the EPCM services is set to begin immediately.
According to the initial announcement in March of this year, the deal valued Spartan at approximately A$2.4bn ($1.5bn).
In 2025, lead production will be driven by higher output from China, Russia, and India, offsetting declines in Australia and Peru due to scheduled mine closures.
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