05 December 2023
05 December 2023
Evolution plans to raise A$525m along with a debt facility of A$200m to fund the transaction.
CDI, through its subsidiaries CDI Minerals and CDI Lithium, holds interests in seven gold and lithium projects in West Africa.
The Bucko Lake Mine commenced production in 2009 and was operational until 2012.
The letter of intent with KEXIM follows last year’s offtake arrangement between Arafura, Hyundai and Kia.
The package includes around C$14.1m through a private placement offering of 11.7 million shares, at C$1.2 apiece.
The Mining and Energy Union is now a registered organisation under the Fair Work Act 2009, which sets out the rights and responsibilities of employees.
Rio Tinto acquired a 50% interest in the Matalco business from Giampaolo Group, by paying $700m.
Glencore now has a 45% holding in MRN, with the remaining 55% stake owned between South 32, Rio Tinto and CBA.
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