Vision Blue to invest $40m in Mayur’s Papua New Guinea lime project
The investment will meet CLP’s equity funding to complete project development and construction and begin commercial production.
06 November 2023
06 November 2023
The investment will meet CLP’s equity funding to complete project development and construction and begin commercial production.
Located in the historical Mt Ida gold mining district, the Mt Ida lithium project comprises 30 tenements.
Fluor plans to manage the Jansen potash project through its offices in Calgary and Vancouver, Canada.
Ground preparation is done for first production and disposal wells, which are expected to be drilled in the first half of 2024.
The company reported net earnings per share of $0.21 in Q3 2023, up 50% from $0.14 in Q3 2022.
Midex is expected to retain the exploration and development right to gold/base metal minerals on the Berens project in Ontario.
The acquired Kamuck Property is spread across 31km² of land and exhibits abundant pegmatite with fertility indicator minerals.
The company can exercise the option after making a total payment of A$1m ($635,681) in cash.
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Within the rare earth metals market, cerium is projected to account for the largest volumetric share followed by lanthanum, neodymium, and others in 2023. The demand dynamics for neodymium is estimated to remain strong as the sales of electric vehicles continue to flourish across the globe. The product is deployed in the manufacturing of magnets including low and high performance and is an integral part of the modern-day technology assembly from automotive vehicles to fighter jets.
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