Sibanye’s US palladium mine could face closure amid price slump
Since March 2022, the price of palladium has plummeted by approximately 70%.
27 June 2024
27 June 2024
Since March 2022, the price of palladium has plummeted by approximately 70%.
The deal is expected to close next month and would raise Lundin's stake in the mine to 70%.
The company is looking to divest "a little bit more than just up to 30%" and is open to negotiation.
The SAY Property has significant high-grade copper ± silver and molybdenum-copper mineralisation across two target areas.
Located in northern Saskatchewan, the Blackbird Project consists of 12 mineral claims.
The deal involved an upfront payment of $25,000 (C$34,236) in cash and a commitment to make exploration expenditures of $125,000.
Norway selected 386 blocks for the initial licensing round, which constitutes around 38% of the total area approved by parliament.
The plant based in the Chukotka Autonomous region is set to be commissioned in 2028.
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