11 September 2024
11 September 2024
The new venture will be majority-owned by China Minmetals with a 53% stake.
The mine is estimated to produce up to 600,000 tonnes (t) of ore annually, focusing on high-grade zinc, gold, copper and lead.
This transaction is part of Newmont's strategic effort to divest non-core assets.
Andrada will manage the exploration and development of Lithium Ridge licence, supervised by the JDC.
The report explains that an increase in new production “starkly contrasts with China's dual carbon neutrality targets."
The deal will allow Trek to focus on its flagship gold and niobium projects in Western Australia (WA) and the Northern Territory.
The Metals Company (TMC) has produced high-temperature material (calcine) at PAMCO's Hachinohe facility in Japan.
This transaction allows GoviEx to earn its 51% stake by investing up to $1.5m over three years.
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