12 December 2024
12 December 2024
The decision was made due to civil unrest following disputed October election results.
Kunaka did not reveal the minimum value of mining assets that would require government ownership.
The investment supports resilient supply chains and addresses challenges in critical minerals and materials.
The consent allows ore processing of up to 9.8 million tonnes per annum (mtpa), extending the mine's operations to 2045.
The company received a statement on the environmental impact assessment (EIA) programme from the ELY Centre in November 2024.
The placement includes €74m ($77m) from institutional investors and €26m from strategic investors.
The memorandum of understanding (MOU) is effective until 1 November 2025, with provisions for automatic annual renewal.
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