16 January 2024
16 January 2024
The decision by First Quantum Minerals (FQM) is in response to the decline in nickel prices and the need to optimise costs.
Last year’s mining sector winners include Newmont, BHP, Barrick, Antofagasta, Foretescue Metals Group, Anglo American, Boliden and Wheaton Precious Metals, thanks to multi-billion dollar deals, progress in GHG reduction and innovation.
The company will retain a 20% interest and a 1% gross revenue royalty in the project.
Royal Road Minerals and MSB Holdings have secured preferred bidder status for Saudi Arabia's Jabal Sahabiyah exploration licence.
The acquisition will be made by way of a court-approved plan of arrangement.
Six people remain missing, the local emergency management agency said.
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