21 December 2023
21 December 2023
The funding will help advance research into low-emissions technologies and alternative use of tailings.
Saturn Resources has capitalised on African gold miners trading at a discount.
With project debt financing secured, BCI is planning to take the final investment decision (FID) on the project in the first quarter (Q1) of 2024.
The second concentrator is expected to bring an additional output of 170,000 copper equivalent tonnes per annum.
The company plans to recommence construction activities at the Fenix Gold project in 2024.
The Albanese government joined the pledge to triple global renewable energy at COP28, but the Coalition hopes to triple nuclear energy instead if elected.
Orica will fund the transaction using its cash reserves and committed undrawn bank debt facilities.
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