Northwest Territories Power Corporation (NTPC) is to evaluate the opportunities for supplying power for development and operation of Canadian Zinc Corporation’s Prairie Creek Mine in Canada.

A memorandum of understanding (MoU) has been signed between the two parties for this arrangement.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

NTPC will also assess alternative energy sources such as liquefied natural gas to produce electricity to be supplied to the mine, as part of the MoU.

RNC Minerals is set to optionally acquire South Kalgoorlie Operations (SKO) in Western Australia under a toll processing and purchase option agreement signed with Westgold Resources.

SKO mining assets and infrastructure are located 30km away from the Beta Hunt Mine owned by RNC Minerals.

"The purchase consideration for SKO’s acquisition is $61.43m if this option is triggered."

RNC will benefit from a lower cost toll milling alternative and be able to expand its Kalgoorlie footprint through the potential acquisition of SKO. If this expansion is exercised, it will provide significant synergies with the Beta Hunt mine. The purchase consideration for SKO’s acquisition is A$80m ($61.43m) if this option is triggered.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

RNC will be allowed to access 50% of Westgold’s plant capacity at SKO on a three weeks on / three weeks off basis for a year starting from 1 July, which is expected to save RNC $7m in costs.

Macmahon Holdings has signed a MoU with PT Amman Mineral Nusa Tenggara (AMNT), a company based in Indonesia. Macmahon will evaluate options for improving production of the Batu Hijau mine copper-gold mine and assess potential in developing more deposits in the same area.

Located on the Sumbawa Island, the mine produced roughly 477 million pounds of copper and 800,000oz of gold.

The agreement makes Macmahon the preferred contractor for AMNT for three years.