22 October 2025
22 October 2025
The deal outlines a collaborative approach to ensure a reliable supply chain for rare earths and critical minerals.
The mine, a significant asset for Barrick, was shut down in January due to tensions with Mali's military-led government.
The fund aims to support responsible mining projects that are essential for energy access and industrial growth.
The total funding requirement for the rare earth and mineral sands project is estimated to be around A$520m ($337.68m).
The construction phase is set to create over 950 direct jobs, with more than 550 direct jobs expected during the operational phase.
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