04 April 2024
04 April 2024
Miners in New South Wales (NSW) are expanding existing projects, while in Queensland several large greenfield developments are in the pipeline.
The company will focus on increasing production levels and accumulating a stockpile of finished product.
Glencore has agreed to supply up to 7,000 tonnes (t) of contained cobalt per year to EVelution's facility.
ERG will supply cobalt from its Metalkol operation in the Democratic Republic of Congo (DRC).
Proceeds from the placement will be used to expedite exploration and development of the Hualilan Gold Project.
The parties will co-fund the joint venture (JV) as well as the planned Brazilian facility on a 50:50 basis.
Rio Tinto will oversee all aspects of rehabilitation including design, scoping and execution of closure projects.
The company acquired up to an 85% interest in the Douta-West Licence and up to an 80% interest in the Sofita Licence.
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