30 October 2024
30 October 2024
The acquisition is poised to expand Delta's Delta-1 Property by approximately 233 hectares (ha).
The company is using renewable diesel as an interim strategy to cut diesel use ahead of fleet electrification.
The partnership is set to benefit local companies and the community.
The proposed integrated steel plant is expected to have an initial production capacity of five million tonnes per annum (mtpa).
Industry stakeholders are concerned that loopholes in regulations could be exploited amid the race to extract new energy minerals, putting momentum gained on responsible mining at risk.
The term sheet specifies a purchase price of $6.22m, with the transaction closing date set for 11 July 2025.
The formation of a JV is also proposed based on the ownership levels in Duke Island after the agreement.
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