05 January 2024
05 January 2024
The closure of First Quantum’s Cobre Panama mine has created an opportunity for Barrick Gold to make an offer.
After detailed review and public consultation, the Botswana Department of Environmental Affairs (DEA) granted the environmental authorisation (EA), which is valid for 25 years with the option for renewal.
The extension will give the company additional time to make advancements in engineering, construction and operation activities.
The two Zambian mines, Sentinel and Kansanshi, have assets valued at approximately $6bn (C$8.02bn).
The offering is expected to complete on or about 24 January 2024.
With the acquisition of the four additional licences, District’s Viken property coverage expands from 9,367 hectares (ha) to 10,812ha.
The licence has been granted by the Ugandan Directorate of Geological Survey and Mines (DGSM).
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