14 October 2024
14 October 2024
This move supports Zijin Mining's goal of producing more than 100 tonnes per annum (tpa) of gold by 2028.
The company has the option to further increase its stake to 70% by investing an additional A$10m ($6.72m).
This move comes as Nippon Steel seeks to alleviate regulatory concerns related to its proposed acquisition of US Steel.
The acquisition, which spans 15,494 hectares (ha), increases the company's control in the region to more than 52,000ha.
The combined entity will boast 4.7 million gold ounces of measured and indicated resources.
The parties will consider implementing CycloneCC at JSW Steel's Vijayanagar plant in the Indian state of Karnataka.
This partnership seeks to increase Terra Uranium's footprint in the Athabasca Basin by 60,965 hectares (ha).
The acquisition was finalised with a $2m (C$2.76m) cash payment to Pan American Silver.
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GlobalData's latest thematic intelligence report gives an in-depth insight into the AI theme and how it will impact the mining sector. It further entails a deep-dive analysis of the industry, including real-life use case studies that showcase how the mining sector has responded to the impact of this theme on their operations. The report also identifies the key market trends that will shape the AI theme over the coming years and gives an insight into the market players and the competitive landscape within the theme.
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