25 April 2024
25 April 2024
Anglo has a 22 May deadline to make a definitive offer but said the possibility of the deal happening is still uncertain.
The permit allows the company to increase its lithium carbonate production capacity to 12,000 tonnes per annum (tpa).
This month: how miners are doing in terms of emissions reduction, digital innovation for ground engaging tools, Angola looks beyond diamonds, making asteroid mining profitable, and more.
The country is seeking to develop the salt flat known as Salares Altoandinos for lithium mining.
The initial option allows Armadale to buy a 25% stake in AAI for $500,000 (£399,336) in cash before the end of December 2024.
The company’s net operating revenues in the three-month period ended 31 March 2024 were $8.45bn (43.49bn reais).
The extension will enable the company to extract gold and silver ores using underground mining techniques.
The addition of new licences brings the total number of graphite mining licences in the projects to 35, spanning around 337 hectares (ha).
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